Enforcement

US SEC Forms Task Force to Pursue ESG-related Misconduct

08/03/2021

The task force’s initial focus will be to identify material gaps or misstatements in issuers’ disclosure of climate risks under existing rules.

Enforcement

SEBI Directs MIIs to Establish Controls to Prevent Market Abuse

08/03/2021

Stock exchanges, clearing corporations and depositories are asked to establish a code of conduct and institutional mechanism to prevent fraud and market abuse.

Capital / Liquidity

ICBC, Ping An Dispose of First Packages of Bad Personal Loans

08/03/2021

Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.

Enforcement

HK Police Arrest 12 Members of Ramp-And-Dump Syndicate

08/03/2021

The SFC has frozen securities accounts holding an estimated HK$860mn in ramp-and-dump proceeds, while the Police have seized an additional HK$89mn.

Market Infrastructure

HKEX Sets Launch Date for Phase Two VCM Enhancements

08/03/2021

The second phase enhancement will allow multiple triggers of the Volatility Control Mechanism per applicable security in the same trading session.

AML / KYC

FATF Publishes Guidance on Risk-based AML/CFT Supervision

08/03/2021

The guidance includes practical advice to address common challenges in risk-based supervision, including examples of strategies for supervising DNFBPs and VASPs.

BSP Relaxes Reporting Requirements for Financial Institutions

07/03/2021

The BSP is reducing reporting requirements related to the borrowings of directors, officers, stockholders and their related interests.

ASIC Attributes Higher Industry Levies to Royal Commission Work

07/03/2021

ASIC’s regulatory work related to the Royal Commission recommendations involves higher-cost activities such as enforcement, supervision and surveillance.

AML / KYC

GLEIF Sets Out Process for Validation Agent Trial Phase

07/03/2021

The goal of the Validation Agent role is to streamline the LEI issuance process by enabling FIs to directly liaise with LEI Issuers on clients’ behalf during onboarding.