Market Infrastructure

HKEX Launches VaR Platform for Clearing Participants

13/06/2022

The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.

ESG / Sustainability

UK, Japan Formalise Arrangements on Regulatory Cooperation

13/06/2022

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

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.