Structural Regulation

HKEX Proposes to Further Expand Paperless Listing Regime

19/12/2022

Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.

PEPs & Sanctions

US Adds Chinese Chipmakers, AI Firms to Trade Blacklist

19/12/2022

The move builds on new export controls announced in October, which were designed to prevent the transfer of advanced technology to China’s military, intelligence and security services.

Market Data & Technology

ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo

18/12/2022

ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.

AI Risk & Governance

Singapore, EU to Expand Partnership to ‘Digital Realm’

18/12/2022

The partnership includes efforts to advance new and emerging areas such as 5G/6G, artificial intelligence, and digital identities.

Anti-Money Laundering

FinCEN Proposes Rules on Access to Beneficial Ownership Information

18/12/2022

The proposed rule also sets out requirements for institutions to have systems and controls to securely store beneficial ownership information and limit its access.

Data Privacy

ACCC Fines ING for Breaching CDR Rules, Refuses iSignthis Accreditation

18/12/2022

The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.

Conduct, Culture & Accountability

ASIC Takes First DDO Court Action Against Distributor

18/12/2022

The distributor cross-sold a non-guaranteed managed investment scheme to the same customers that bought guaranteed term deposits.

Anti-Money Laundering

NZ FMA Issues AML Warning Against Private Equity Firm

18/12/2022

The FMA said Pencarrow Private Equity failed to retain and make readily accessible identity and verification records for customers.

Trading & Investment

US SEC Proposes Major Rule Changes to Improve Market Fairness

18/12/2022

The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.