AML / KYC

SEC Charges 18 for Manipulation Using Hacked Trading Accounts

18/08/2022

The hackers broke into at least 31 US retail brokerage accounts to buy stock to drive up prices and exit their positions at artificially high prices.

Securities / Derivatives

TWSE to Shorten Auction Interval for Odd Lot Trading

18/08/2022

The 3-minute auction intervals for intraday odd lot trading will be reduced to 1-minute intervals starting from 19 December.

Crypto / Digital Assets

ASX, Zerocap Complete Digital Asset Custody POC

18/08/2022

The project will support custody on Synfini, ASX’s new DLT-as-a-Service platform, for any tokenised asset, including crypto.

Market Infrastructure

HKEX to Drive Growth Through New Products, Listing Reforms

18/08/2022

HKEX reported its lowest interim profit since 2017, attributed mostly to investment losses and lower fees from securities trading and IPOs.

RBA to Establish Panel of Economists to Aid Policymaking

18/08/2022

The first meeting of the new panel is planned for 6 October, to discuss economic challenges and the appropriate role of forward guidance in monetary policy.

Enforcement

CSRC Probes China Merchants Securities Over 2014 Deal

18/08/2022

The investigation will impact any IPO applications being sponsored by China Merchants Securities.

BSP Drafts New Rules on Financial Services Dispute Resolution

18/08/2022

Complainants can elect for mediation or adjudication only if the complaint cannot be resolved by the FI itself or the BSP’s Consumer Assistance Mechanism.

Enforcement

CBIRC Fines New Times Trust, Bans Top Executives for Life

18/08/2022

New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.

Fintech / Regtech

SET, Bloomberg Launches Initiative to Boost Capital Markets Talent

18/08/2022

The initiative will allow finance students from eight universities to gain experience in financial markets trading using Bloomberg data and tools.