Securities / Derivatives

CSRC Issues Testing Standards for Securities, Futures Apps

17/01/2022

The standards set out the requirements for testing the security of mobile internet applications used in the securities and futures industry.

China Banks Restrict Lending to Local Govt Financing Vehicles

17/01/2022

Banks are trying to balance risks associated with the property sector against expectations from regulators that they finance acquisitions of real estate projects.

AML / KYC

HKMA Fines Prepaid Card Issuer 33FS for AML/CTF Deficiencies

17/01/2022

The case involved control deficiencies in respect of 33 Financial Services Limited’s transaction monitoring and name screening systems, the HKMA said.

Enforcement

China Anti Graft Probe Ensnares China Life Chairman

16/01/2022

The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.

Enforcement

PBOC to Grant Local Authorities Greater Role in Financial Supervision

16/01/2022

New draft regulations open for consultation will strengthen the supervisory and risk disposal responsibilities of local governments within their territories.

Securities / Derivatives

Taiwan Allows Investors to Use Pre-settled Funds for Stock Trading

16/01/2022

Investors will be able to use claims on pre-settled funds from the sale of stock as collateral for trading, which will improve market liquidity and investor convenience.

Enforcement

Korea FSS to Bolster Capacity at Special Investigations Unit

16/01/2022

The FSS said an increase in manpower and an expansion of the unit’s scope are needed to strengthen its capacity to respond to unfair trading practices in the capital market.

Enforcement

SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures

16/01/2022

The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.

Securities / Derivatives

Tokyo to Establish Sustainable Energy Fund in March 2022

15/01/2022

The Tokyo metropolitan government will invest JPY 1 billion in the fund, which will be operated by Looop Inc, as part of efforts to promote the development of renewable energy.