Enforcement

China Instructs Deloitte to Investigate Alleged Auditing Violations

13/02/2021

Auditing violations alleged by a whistleblower include improper conduct by certain Deloitte staff members in performing the audits of five companies in 2016 and 2017.

Enforcement

CSRC Strengthens Industry Controls to Prevent Insider Trading

13/02/2021

Listed companies are required to establish a system for the registration and management of individuals who possess inside information.

AML / KYC

GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI

12/02/2021

The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.

Enforcement

SEBI Penalises NSE, Former Officials in Colocation Case

12/02/2021

SEBI says NSE failed to ensure fair and equitable access by trading members subscribing to its tick-by-tick data feed system.

AML / KYC

Japan FSA to Roll Out New AML System in Fiscal 2021

12/02/2021

The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.

AML / KYC

CSRC Targets ‘Shadow Shareholders’ in New Guidelines

12/02/2021

A 36 month lock up period is being introduced for investors who purchase shares in companies within 12 months before their IPO applications.

Fintech / Regtech

Over 40 Parties to Apply for Digital Bank Licence: BNM

11/02/2021

Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.

Fintech / Regtech

FSC Korea to Allow Platform Operators Sell Insurance Products

11/02/2021

A new framework will be introduced to allow firms like Kakao and Naver to sell digital insurance products under sandbox-like conditions.

Securities / Derivatives

BSP Lowers Minimum Balance for Investment Management Accounts

11/02/2021

BSP Governor Benjamin Diokno said the revised regulations are aimed at expanding investment opportunities for the public.