Securities / Derivatives

JSDA Proposes Measures to Improve IPO Pricing Mechanism

03/03/2022

JSDA proposes to allow brokers greater flexibility in IPO price-setting, and to allow prices to exceed pre-set bands if demand is strong.

AML / KYC

Thai Police, Banks Launch New Centre for Reporting Cybercrime

03/03/2022

The new platform is expected to reduce waiting times at police stations and help banks to cancel fraudulent financial transactions more quickly.

ESG / Sustainability

Bursa Malaysia Launches New Initiative to Boost Appeal of PLCs

02/03/2022

Five digital guidebooks will be issued in 2022, to help publicly listed companies adopt best practices in areas such as governance and sustainability.

Enforcement

SFC Permanently Bans Ex-HSBC Employee Over Bribery Convictions

02/03/2022

The former vice president accepted gifts as inducements to handle credit applications and maintain the credit facilities for two companies controlled by a client.

AML / KYC

China Supreme Court Makes Crypto Fundraising a Criminal Offence

02/03/2022

Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.

Securities / Derivatives

SFC, HKMA Launch Joint Review of Investment Product Selling Practices

02/03/2022

The review’s objectives are to assess intermediaries’ compliance with requirements to perform product due diligence, conduct suitability assessments and provide information to clients.

Capital / Liquidity

Bangladesh to Extend Deposit Protection to NBFIs

01/03/2022

Currently only bank depositors are protected and customers of other types of deposit-taking financial institutions are not covered.

Fintech / Regtech

FSC Korea Issues Guidelines on Mobile Bank Apps

01/03/2022

Banks are expected to introduce updated versions of their mobile applications to make them more “senior friendly” by the first half of 2023.

ESG / Sustainability

UK, Singapore Bolster Cooperation on Data Flows, Financial Services

01/03/2022

The UKSDEA promotes free flows of data between the UK and Singapore including in financial services. Both countries will work towards recognising each other’s digital identity systems.