AML / KYC

SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC

09/08/2022

Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.

Enforcement

Taiwan FSC Penalises Eastspring for Violations by Former CIO

09/08/2022

The former chief investment officer used “another person’s account” to trade the same stock that was being traded by Eastspring.

Capital / Liquidity

MAS Revises Notice to Implement IRRBB Disclosure Requirements

09/08/2022

The revised Notice 637 will take effect from 1 January 2023, implementing the revised Pillar 3 disclosure requirements for IRRBB.

Securities / Derivatives

Japan QUICK Corp to Disseminate Real Time ODX Data

09/08/2022

QUICK Corp will disseminate real time market information obtained from Osaka Digital Exchange’s Proprietary Trading System for listed securities.

Market Infrastructure

Australia Issues Revised Cyber Resilience Testing Framework

09/08/2022

The updated version of the CORIE framework follows the CFR’s endorsement of a plan for the wider rollout of the programme.

Securities / Derivatives

SEHK Migrates Systems to New SSE Trading Gateway

09/08/2022

The Shanghai Stock Exchange’s new trading gateway was introduced to “ensure the safe and compliant operation of member transactions and related systems” and prevent trading risks.

Capital / Liquidity

New Zealand to Further Revise Responsible Lending Rules

09/08/2022

This is the second tranche of changes to the CCCFA regulations, which have been criticised for making it too difficult for borrowers to obtain loans.

Market Infrastructure

SEBI Forms Dedicated Committee to Advice on FPI Policy

09/08/2022

The committee will advise increasing FPI participation in Indian markets. FPIs are currently coping with a transition to T+1 settlement in the country.

BNM Reviewing Appropriateness of Published Statistical Data

09/08/2022

Industry practitioners, academia and the public are asked to complete a survey to help BNM assess public demand for its published data.