Fintech / Regtech

Thai SEC Launches Open Data Portal to Enhance Transparency

30/06/2022

The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

Securities / Derivatives

SEBI Announces Decision to Allow FPIs to Trade Commodity Derivatives

30/06/2022

FPIs will be allowed to trade non-agri commodity derivatives and select non-agri benchmark indices. Only cash-settled contracts will be allowed.

Enforcement

US SEC Fines EY for Employee Cheating on CPA Exams

30/06/2022

The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

AML / KYC

Canadian Banks Collaborate on KYC Utility Project

30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Enforcement

ASIC Wins Appeal Against Payday Lenders Cigno, BHF Solutions

30/06/2022

ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.

Enforcement

Korea to Launch Investigation Team to Combat Voice Phishing

30/06/2022

The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.

Market Infrastructure

FMSB Publishes Best Practices for Trading Platform Disclosures

30/06/2022

Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.

ESG / Sustainability

Malaysia Regulators Publish TCFD Adoption Guide for FIs

30/06/2022

All local and foreign FIs are expected to adopt the basic recommendations set out in the application guide within a recommended timeframe of 24 months.

Enforcement

China: More Top Officials Get Roped into Corruption Crackdown

30/06/2022

Several PBOC and CBIRC officials have been named in corruption investigations. A former ICBC executive has pleaded guilty on bribery charges.