Enforcement

Australian Court Fines Allianz, AWP for Deceptive Conduct

09/09/2021

Allianz and AWP will pay a total AUD 1.5 million for engaging in misleading and deceptive conduct when selling travel insurance.

Enforcement

Hong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes

09/09/2021

The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.

APRA Finds Praise in Survey of Regulated Entities

09/09/2021

APRA’s supervision helps to protect banking, insurance and superannuation industries, say 95 percent of regulated entities.

Enforcement

Court Finds Colonial First State Engaged in Misleading Conduct

09/09/2021

The Federal Court found that Colonial First State misled its customers to encourage them not to transfer their superannuation to a lower cost MySuper product.

Enforcement

Korea FSS to Impose Penalties on 9 Market Makers

08/09/2021

Three foreign firms and six local firms are accused of disturbing market order through their negative influence on stock prices.

Enforcement

FSS Korea Warns KB Savings Bank Over Lax Lending Controls

08/09/2021

KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.

Securities / Derivatives

China: AMAC Approved Launch of First Pictet QDLP Fund

08/09/2021

The new fund will enable domestic investors in China to invest offshore in financially stressed and distressed companies, predominantly in Europe.

Market Infrastructure

SEBI to Introduce Optional T+1 Settlement Cycle from January

08/09/2021

Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.

Fintech / Regtech

IOSCO Publishes Final Guidance on Supervising AI/Machine Learning

08/09/2021

IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.