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.

Securities / Derivatives

HKEX Clears First Cross Currency Swaps for Japanese FIs

29/12/2020

Japan’s FSA granted HKEX’s OTC Clear a licence allowing it to offer clearing services to Japanese financial institutions in January 2020.

Securities / Derivatives

NYSE Gets SEC Green Lights to Allow Direct Listings

29/12/2020

Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.

Crypto / Digital Assets

IOSCO Offers Guidance on Educating Investors on Crypto Asset Risk

29/12/2020

The report identifies the possible risks to retail investors in crypto-assets and describes how regulators can help inform them about these risks.

Market Infrastructure

ASIC Demands Better Practices to Improve Audit Quality

29/12/2020

ASIC is currently considering or progressing enforcement action for auditor misconduct in twelve cases, as part of efforts to improve audit quality.