Securities / Derivatives

SEBI to Allow FPIs to Access Commodities Derivatives Market

03/03/2022

SEBI proposes to scrap rules that require foreign investors to have actual commodity exposure to participate in the exchange-traded commodity derivatives market.

Securities / Derivatives

BSEC Plans to Transition Stock Market to T+2 Settlement

03/03/2022

BSEC is working on the technical aspects of the change, which will likely be implemented in phases, starting with blue-chip stocks.

Crypto / Digital Assets

SET to Launch Digital Asset Exchange ‘Very Soon’

03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

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.