AML / KYC

SFC Fines South China Commodities for AML Breaches

14/02/2022

This is the third action the SFC has taken against a licensed firm over the use of Xinguanjia, a customer supplied system provided by Hengxin Software.

Securities / Derivatives

Philippine SEC Consults on ASEAN Sustainable Fund Standards

14/02/2022

The SEC seeks views from investment firms and fund managers on their expectations for sustainable funds, including issuance trends, investment drivers, and regulatory requirements.

Market Infrastructure

Taiwan FSC Urges ListCos, Brokers to Bolster Cyber Defences

14/02/2022

The regulator is encouraging listed companies and securities firms to share information security information to achieve greater effectiveness in their cyber defences.

Market Infrastructure

ASX Proposes Changes to Rules on Investment Loss Allocation

14/02/2022

The changes relate to the allocation of US settlement bank investment losses that arise from the inclusion of variation margin exposures in ASX Clear (Futures) overnight margin calls.

Securities / Derivatives

Thailand SEC Approves Rules for New SME Board

14/02/2022

The LiVE Exchange will provide a new channel for SMEs and startups to raise capital. Only qualified investors will be allowed to participate in trading.

Fintech / Regtech

UN Agency Approves Technical Standards Project for NFTs

14/02/2022

The project is led by Tencent, with support from other companies, universities and institutions including Ant Group.

Market Infrastructure

PBOC Issues New Bond Lending Rules for Interbank Market

14/02/2022

Financial institutions and foreign banks participating in the bond lending system must sign a master agreement, which NAFMII is tasked with developing.

HKMC Signs Infrastructure Financing MoUs with 14 More Banks

13/02/2022

The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.

Enforcement

Prosecutors Drop Criminal Cartel Case Against Citi, Deutsche

13/02/2022

Australia’s top prosecutor concluded that there were no longer reasonable prospects of convicting Citigroup, Deutsche Bank and four former executives.