Enforcement

HK Court Orders Investment Company to Compensate Clients

25/11/2022

The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.

Market Infrastructure

UK Finalises South Korea Data Adequacy Decision

25/11/2022

UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.

Market Infrastructure

Swap Connect Launch Facing Likely Delay – Report

25/11/2022

Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.

Securities / Derivatives

ASIC Issues Updated Guidance on ETP Naming Conventions

25/11/2022

ETP naming conventions are divided into two levels: primary labels which indicate product type, and secondary labels which indicate specific risks or strategies.

Securities / Derivatives

SGX Issues New Standards for Virtual/Hybrid General Meetings

25/11/2022

The standards cover the functional capabilities, availability levels, and recovery provisions of systems that enable issuers to hold virtual and hybrid general meetings.

ESG / Sustainability

HKEX Carbon Marketplace ‘Well Received’ by Market

24/11/2022

In the four weeks since its launch, Core Climate has recorded more than 40 trades, representing around 400,000 tonnes of carbon credits.

Fintech / Regtech

DBS Completes First Intraday Repo Trade on JPM Blockchain Network

24/11/2022

DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

AML / KYC

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.

Securities / Derivatives

BSEC Extends Dividend Restrictions to More Companies

24/11/2022

The restrictions on stock dividends will cover companies listed on the SME platform, OTC Market, and Alternative Trading Board.