Securities / Derivatives

Vietnam Dismisses Securities Officials Amid Corruption Concerns

29/05/2022

The heads of the State Securities Commission and Ho Chi Minh Stock Exchange have been dismissed. Several others have been reprimanded.

Securities / Derivatives

HKMA Directs Banks to Comply with New Rules for Trust Business

29/05/2022

Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.

Enforcement

SEBI Raids Brokers in Axis Fund Front-running Probe

29/05/2022

Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

Market Infrastructure

HKEX to Launch New IPO Settlement Platform in June 2023

29/05/2022

HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.

NZ FMA Issues Record-keeping Guidance for Advice Firms

29/05/2022

The FMA says a robust record keeping practice will enhance confidence in a financial advice provider’s compliance framework.

Market Infrastructure

Hong Kong, US to End Mutual Recognition of Accountants

29/05/2022

An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.

Enforcement

Korea FSS to Extend Woori Bank Embezzlement Probe

29/05/2022

The FSS will seek to understand why Woori’s internal control system failed to detect embezzlement by its employee over ten years.

Securities / Derivatives

SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds

29/05/2022

ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.

Securities / Derivatives

ASIC Proposes to Extend Retail Ban on Binary Options

29/05/2022

ASIC’s product intervention order is due to expire on 7 October 2022. ASIC proposes to extend it until 1 October 2031.