Enforcement

Singapore: 20 More Charges Laid in Nickel Trading Fraud Case

03/09/2021

Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.

Securities / Derivatives

SEBI Tweaks Guidelines for Exchanges on Market Maker Use

03/09/2021

A one-year validity period is introduced for any board approval to introduce a liquidity enhancement scheme for a security, and removes a cap on how long it can be used.

Fintech / Regtech

Chinese Investors to Gain Access to Digital Securities via ADDX

03/09/2021

Through the QDLP scheme, MAS-regulated ADDX will offer Chinese investors access to digital securities covering a broad range of asset types.

Securities / Derivatives

Deutsche Bank Reinstated as IPO Sponsor in Hong Kong

03/09/2021

The SFC has approved three new Deutsche Bank hires who can act as IPO sponsor principals, after its licence was suspended in July due to a staffing gap.

UPDATED – Bangladesh Banks Ordered to Block E-commerce Payments

03/09/2021

Bangladesh Bank has directed banks to block e-commerce firms from receiving direct payments from customers.

Market Infrastructure

RBA Asked to Require Banks to Provide Least-cost Routing Options

03/09/2021

Treasurer Josh Frydenberg has asked the RBA to consider mandating the issuance of dual-network debit cards for major and medium-sized banks.

Securities / Derivatives

BNP Paribas to Form Wealth Management Venture in China

03/09/2021

BNP Paribas Asset Management will reportedly hold a majority stake in the planned venture with AgBank’s wealth management subsidiary.

Market Infrastructure

China to Set Up New SME-Focused Stock Exchange in Beijing

03/09/2021

President Xi Jinping announced that a new stock exchange will be set up in Beijing and reforms at the NEEQ will be deepened to further support SMEs.

Fintech / Regtech

PBOC Introduces New Business Reporting Rules for Payment Firms

02/09/2021

Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as ‘significant matters’.