Market Infrastructure

Malaysia SC to Review Rules for Credit Rating Agencies

13/06/2022

The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.

Securities / Derivatives

Philippine Bourse to Permanently Close Trading Floor

13/06/2022

The pandemic has prompted brokers to conduct their trading activities off-site and hastened the PSE’s migration to ‘floorless trading’.

ESG / Sustainability

Bursa Malaysia Issues ESG Guidance for Listed Companies

13/06/2022

The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.

Enforcement

Korean Police Arrest CEO of Discovery Asset Management

13/06/2022

CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.

Enforcement

Singapore Court Jails Listed Company CFO for Insider Trading

13/06/2022

The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

Crypto / Digital Assets

Korean Police Probe Possible Embezzlement at Terraform Labs

13/06/2022

Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

AML / KYC

Japan Ministry Seeks Powers to Confiscate Crypto Assets

12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

AML / KYC

FATF Issues Report on Digital Tools for Law Enforcement

12/06/2022

The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

Securities / Derivatives

RBNZ to Start Unloading Government Bond Holdings in July

12/06/2022

The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.