Enforcement

Australian Court Penalises Dover Financial Advisers for Misconduct

09/03/2021

The penalty is part of the fallout from a 2019 federal court judgment that Dover Financial Advisers engaged in “false, misleading or deceptive conduct”.

Capital / Liquidity

FSC Korea Issues New Rules for Non-holding Financial Groups

08/03/2021

Non-holding financial groups deemed to have financial soundness problems will be required to draw up and submit business improvement plans.

AML / KYC

HK Bourse Offers Guidance on Compliance with BCAN Requirements

08/03/2021

Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.

Market Infrastructure

BOJ Governor Says Climate Change Should Guide Monetary Policy

08/03/2021

The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.

AML / KYC

KoFIU’s New AML System Showing ‘Significant Improvements

08/03/2021

The new STR filing system and the screening and analysis process have been made more efficient, while guaranteeing better system security and stability.

Securities / Derivatives

Indonesia Stock Exchange Considers Allowing SPAC Listings

08/03/2021

IDX’s decision has reportedly prompted concerns about governance, investor protection and inflated valuations for early-stage companies.

ESG / Sustainability

IFRS Foundation Outlines Plans for Sustainability Reporting Board

08/03/2021

The Trustees remain on track to make a final determination about a new board in advance of the November 2021 United Nations COP26 conference.

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.