Enforcement

AFRC Fines BDO and Two Partners for Audit Failures

27/12/2024

The AFRC said BDO’s history of non-compliance suggests a “tendency of repeated failures to comply with auditing and professional standards”.

Fintech / Regtech

KRX, KSD Sign MOU to Establish Information Sharing System

27/12/2024

The information sharing system will help both organisations automate tasks and speed up the issuance and listing of securities.

Securities / Derivatives

NZX Updates Rules on Director Independence

26/12/2024

Issuers wlll have to explain not only that a director is independent, but also why any potential conflicts identified were not disqualifying.

Enforcement

Australia Court Rules Against CFD Firms in Landmark Ruling

26/12/2024

The Court for the first time found that a licensee breached the law by offering services to customers outside of the country.

HKMA Streamlines Audio-recording Requirement for Investment Sales

26/12/2024

HKMA circular covers the use of video conferencing and other digital tools to conduct investment transactions of retail banking customers.

Securities / Derivatives

China Issues New Asset Management Guidelines for Insurers

26/12/2024

The guidelines are intended to improve how insurance investments are regulated and improve their resistance to risks.

Capital / Liquidity

US Fed Proposes Changes to Bank Stress Testing Framework

26/12/2024

Five US banking lobby groups filed a lawsuit a day later to force the Fed to increase transparency of its stress testing framework.

Sanctions

US Launches Probe Into Legacy Chips Made in China

26/12/2024

The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.

China Refines Ratings Framework for Consumer Finance Companies

24/12/2024

Two rating dimensions have been added to the framework and the NFRA has optimised the classification levels.