Securities / Derivatives

SEC Committee Endorses Stricter Enforcement of SPAC Rules

13/09/2021

The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor’s role.

Enforcement

Bursa Malaysia Punishes RHB Investment Bank Representatives

13/09/2021

The dealer’s representatives engaged in discretionary trading without proper authorisation, causing “significant losses” to a client.

AML / KYC

Three More Korean Crypto Exchanges Secure Deals with Banks

13/09/2021

Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.

Market Infrastructure

RBC Capital Markets to Launch FX Infrastructure in Singapore

12/09/2021

RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

Securities / Derivatives

Hong Kong SPAC Framework to Prohibit Retail Access – Report

12/09/2021

Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.

Market Infrastructure

Mizuho Suffers Seventh System Failure For the Year

12/09/2021

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

Enforcement

KRX to Temporarily Exempt Market Makers from Obligations

12/09/2021

KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.

AML / KYC

Philippine SEC Disseminates Guidance on Targeted Financial Sanctions

12/09/2021

The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.

Fintech / Regtech

RBI Account Aggregator Framework Brings Open Banking to India

12/09/2021

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.