Enforcement

IOSCO Issues Guidance on Addressing Misconduct During Stress Events

31/12/2020

Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.

Securities / Derivatives

HKFE Announces Launch Date for Hang Seng TECH Index Options

31/12/2020

The Hang Seng TECH Index Futures, introduced in November, have now been certified by the CFTC to be offered and sold to persons in the US.

Fintech / Regtech

US Regulators Call for Responsible Stablecoin Design, Operation

31/12/2020

Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.

Japan FSA Establishes Expert Panel on Sustainable Finance

31/12/2020

The panel will discuss initiatives to help channel investment into Japanese companies that support efforts to achieve carbon neutrality by 2050.

Securities / Derivatives

IOSCO Seeks Views from Market Participants on ETF Market

30/12/2020

IOSCO asks asset managers, liquidity providers and market-makers to help it obtain a more granular understanding of ETFs.

Market Infrastructure

HKEX to Introduce New Market Access Platform in Q3 2021

30/12/2020

Phase 1 will involve the technical migration from the Orion Central Gateway to the new Cash Market Gateway in Q3 2021.

Korea to Lower Max Interest Rate on Loans in H1 2021

30/12/2020

A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%.

AML / KYC

Singapore Police Commend Citi, RHB Bank for Foiling Scam

29/12/2020

Upon being alerted to a suspected case of money laundering by Citi, the Police’s Anti-Scam Centre froze the funds and recovered $1.9mn.

Fintech / Regtech

ACCC Extends Consumer Data Right to Business Customers

29/12/2020

The amendments will encourage CDR participation by expanding its benefits to more businesses, including companies and partnerships, the ACCC said.