Securities / Derivatives

Shanghai, Korea Agree to Establish ETF Cross-Listing Mechanism

12/05/2021

Under an MoU, the SSE and KRX will work towards ETF cross-listings, joint development of indices, and stronger cooperation in the bond market.

APRA to Adopt Standard Quarterly Reporting Due Dates for ADIs

12/05/2021

APRA will implement the due date of 35 calendar days after the reporting period for all quarterly reporting forms, except for the modernised EFS reporting forms.

AML / KYC

EBA Consults on Proposals for Central AML/CFT Database

12/05/2021

The central database will serve as an early warning tool to enable competent authorities to act before ML/TF risks crystalise and faciltiate inspections and monitoring.

Securities / Derivatives

Shenzhen Launches Pilot Scheme for Cross-border Investment

12/05/2021

The pilot scheme can be used by qualified domestic investors to invest overseas in unlisted companies and private equity funds.

Securities / Derivatives

Philippine SEC Joins ASEAN Framework for Cross-border Funds

12/05/2021

Regulators from Singapore, Malaysia and Thailand – already part of the initiative – have signed a supplemental MoU admitting the Philippine SEC into the CIS framework.

AML / KYC

FMA, CLSA Premium NZ Agree Statement of Facts on AML Breaches

11/05/2021

The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.

Securities / Derivatives

OTC Clear Launches Clearing for SOFR-HONIA Cross-currency Swaps

11/05/2021

The SFC has approved the launch of clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.

Enforcement

HKICPA, FRC Agree to Share Information, Refer Cases

11/05/2021

The MoU is expected to enhance audit quality, contribute to the development of the Hong Kong audit market, and promote confidence in the capital markets.

Enforcement

ASIC Bans Former ANZ Representative For Eight Years

10/05/2021

The representative falsely witnessed binding nomination of beneficiary forms for 17 clients, backdated documents, and falsified a client’s signature.