Securities / Derivatives

Taiwan: Jih Sun and Fubon Units Receive Merger Approval

19/02/2023

The securities and futures firms’ mergers are the result of a merger between the two firms’ financial holding companies, which completed last November.

ESG / Sustainability

Shenzhen Bourse Enhances Listed Company Disclosure Guidelines

19/02/2023

Companies in certain industries will have to disclose major pollution accidents, to promote better environmental governance.

Enforcement

US SEC, CFTC Penalise OCC Over Internal Rule Violation

19/02/2023

As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.

Market Infrastructure

Australia Considers 116 Proposals to Reform Privacy Law

19/02/2023

The proposals include increasing individuals privacy rights and imposing additional obligations on organisations in possession of personal data.

ASIC Publishes New Indigenous Financial Services Framework

19/02/2023

ASIC encourages the financial services industry to improve their understanding of First Nations peoples and embed this into their engagement approach.

Capital / Liquidity

India to Establish Backstop Fund for Corporate Debt Market

19/02/2023

SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.

Enforcement

US, UK Sanction Bulgarian Nationals for Corruption Offences

19/02/2023

The UK issued sanctions under its Global Anti-Corruption Sanctions Regime. The US sanctions were imposed under the Magnitsky Act.

AML / KYC

All Crypto ATMs Operating in the UK Are Illegal: FCA

18/02/2023

No crypto ATM operators currently have FCA registration, but the locations of several such machines have been established by authorities.

AML / KYC

Australia to Explore Introduction of SMS Sender ID Register

18/02/2023

The government has asked ACMA to investigate different SMS sender ID register models that can help prevent scams and to report back to the government.