Securities / Derivatives

Bursa Malaysia to Enhance Framework for Main Market Advisers

11/08/2021

The amendments will make available a wider pool of qualified corporate finance advisers to act as a Recognised Principal Adviser on the Main Market.

Market Infrastructure

Japan, UK Regulators Exchange Letters on CRA Supervision

11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

Securities / Derivatives

Singapore Sees Resurgence of ‘Pump and Dump’ Scams

11/08/2021

Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.

Market Infrastructure

BNM Standardises Reference Rate Used in Floating-rate Loans

11/08/2021

The ‘Standardised Base Rate’ will replace the ‘Base Rate’ as the reference rate for new retail floating-rate loans from 1 August 2022.

AML / KYC

Chinese Nationals Face US Jail For Laundering Drug Money

11/08/2021

Six Chinese nationals face jail for conspiracy to launder money for El Chapo-linked drug cartels, using casinos, front companies, and false passports.

RBI Issues Consultation on Overseas Investments Rules

11/08/2021

The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.

Securities / Derivatives

GIFT City Exchanges to Permit Trading in International Stocks

11/08/2021

India INX and NSE IFSC are planning to launch trading in international stocks to provide new opportunities to retail investors.

Market Infrastructure

Australia Consults on Disciplinary Body for Financial Advisers

11/08/2021

The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.

Market Infrastructure

CSRC Accepts StanChart Application for Fully-owned China Brokerage

11/08/2021

The CSRC has accepted an application from Standard Chartered Bank Hong Kong to establish a fully owned securities unit in the mainland.