Securities / Derivatives

ASX Proposes to Enhance Rules for SPPs, Material Placements

09/04/2022

ASX is seeking views on two alternative bases proposed for conducting a scale-back on security purchase plans, and proposes new disclosure requirements for material placements.

MAS Publishes Compliance Toolkit for Financial Advisers

09/04/2022

The toolkit provides guidance to facilitate compliance by financial advisers with MAS approval and reporting requirements.

Securities / Derivatives

SEBI Defers Deadline on Use of Pool Accounts for Fund Transactions

09/04/2022

SEBI said AMFI has sought additional time for the implementation of directions that prohibit intermediaries from pooling investor money for mutual fund transactions.

Capital / Liquidity

APRA Consults on Interim Capital Reporting Standards

08/04/2022

APRA says it has made changes to better meet data needs, simplify reporting requirements, and reduce the need for future data collections and ad hoc requests.

AML / KYC

FSC Australia Issues Guidance on Russian Asset Divestment

08/04/2022

The guidance is for superannuation trustees, asset managers investing superannuation capital, and asset managers operating managed schemes with super funds as investors.

Market Infrastructure

Business Model Analysis Can Aid Bank Supervisors: BIS Paper

08/04/2022

BIS says BMAs help identify banks’ vulnerabilities and provide grounds for early supervisory interventions, making bank supervision more effective, proactive and forward-looking.

Enforcement

Singapore Court Upholds Convictions of Russian, Singapore Nationals

08/04/2022

The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.

Enforcement

Westpac Penalised in Consumer Credit Insurance Mis-selling Case

08/04/2022

Westpac issued consumer credit insurance policies to customers who did not request the product, then asserted a right to payment which customers were not liable for.

Fintech / Regtech

European Commission Launches Targeted Consultation on Digital Euro

07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.