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.

Capital / Liquidity

OJK Indonesia Extends Debt Restructuring Relief for One Year

07/09/2021

Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.

Securities / Derivatives

HKEX to Roll-out New Workflow for Derivatives Position Adjustments

07/09/2021

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

MAS Forms Sustainability Group, Appoints Chief Sustainability Officer

07/09/2021

The new group will coordinate MAS’ green finance and sustainability agenda to strengthen the financial sector’s resilience against environmental risks.