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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.
Enforcement
US SEC Fines Deutsche Bank Securities for Late SAR Filings
24/12/2024
The SEC said the firm took months or years to conduct or complete investigations prompted by law enforcement or regulatory requests.
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