Market Infrastructure

SEBI Forms New Committee to Enhance Governance of MIIs

12/04/2022

The committee will suggest measures to improve governance at market infrastructure institutions, including NSE, which experienced lapses during the tenure of its former CEO.

Securities / Derivatives

ASIC Extends Product Intervention Order Targeting CFDs

12/04/2022

Since the product intervention order took effect in March 2021, ASIC has observed few losses, margin close-outs, and negative balance occurrences affecting retail client.

Securities / Derivatives

FSA Issues Guidance for Asset Managers Moving to Japan

12/04/2022

Regulatory requirements have also been amended to allow foreign securities companies entering the Japanese market to submit their registration applications in English.

AML / KYC

AUSTRAC Issues Guidance on Engaging AML/CTF Advisers

11/04/2022

Without endorsing any AML/CTF adviser, AUSTRAC says it recognises the benefits and efficiencies that can be gained by firms from engaging third party consultants.

Securities / Derivatives

SEBI Standardises Industry Classification Framework for CRAs

11/04/2022

The standardised framework will help enable uniformity in the classifications being used across sectors and in the securities market, SEBI said.

AML / KYC

New York Court Convicts Ex-Goldman Exec in 1MDB Case

11/04/2022

Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.

Big Picture

Global Standard-setters for Audit Need More Diverse Funding

11/04/2022

A new paper calls for financial commitments from investors, regulators, stock exchanges, national standard-setters and auditors to support the work of international audit and ethics standard-setters.

Fintech / Regtech

APRA to Set Out Expectations for FIs Dealing in Digital Assets

11/04/2022

APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.

Crypto / Digital Assets

Indonesia to Start Taxing Crypto Investments, Fintech Services in May

10/04/2022

Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.