Enforcement

Hong Kong SFC Investigates Ramp-and-Dump Scam

29/11/2021

Restriction notices have been sent to two brokerage firms prohibiting them from dealing in assets worth HK$312mn held across 17 trading accounts.

Securities / Derivatives

Australia Introduces Bill to Enable CCIV Fund Structure

29/11/2021

The CCIV has the potential to unlock significant opportunities for the Australian funds management industry, says Financial Services Council CEO Sally Loane.

Enforcement

Japan FSA Orders Mizuho to Undergo Structural Reforms

29/11/2021

Mizuho is directed to formulate plans to improve its governance and prevent more system failures from occurring. Three top executives will resign.

Market Infrastructure

Indonesia Forms National Working Group on Benchmark Reform

29/11/2021

The working group will provide information and education to market players and recommendations on alternative benchmark rates.

AML / KYC

SFC Issues Technical Guidance for New Reporting Regime

28/11/2021

A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

Enforcement

HK ICAC Charges Four for Concealing Backdoor Listing

28/11/2021

A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.

AML / KYC

SEC Thailand Proposes Regulations to Ban Privacy Coins

28/11/2021

The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.

Securities / Derivatives

Chinese, US Authorities Working to Resolve Audit Issues

28/11/2021

CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.

Enforcement

Hong Kong FRC to Increase Public Disclosures on Investigations

28/11/2021

The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.