Fintech / Regtech

SFC Eying Rules on Instant Message Trade Orders

16/04/2018

Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.

Market Infrastructure

PBOC Confirms Financial Sector ‘Opening up’ Plans

14/04/2018

Governor Yi Gang confirms there will eventually be no limits on foreign ownership of financial institutions; quadruples Stock Connect quotas.

Enforcement

Former Maybank Executive Jailed for Insider Trading

11/04/2018

Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.

Market Infrastructure

ASEAN ‘Close’ to Financial Services Free Trade Agreement

09/04/2018

Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.

AML / KYC

Australia’s Largest Tax Fraud Case Ends with 10-year Jail Sentence

02/04/2018

Duo spent $103mn in illicit gains on Rolls Royces, a Lamborghini, an Aston Martin, a Mercedes, a BMW and yachts

Enforcement

CSRC Flexes Muscles with Internal Control, Market Integrity Rules

02/04/2018

Securities regulator, which remains independent after recent reshuffle, tightens rules on investment bank internal controls, securities and futures market participation.

Fintech / Regtech

SFC Issues Robo-advice Guidelines

29/03/2018

Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.

Market Infrastructure

Hong Kong Issues LEI, Platform Trading Consultation for OTC Derivatives

29/03/2018

Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.

Market Infrastructure

Guo Shuqing to Head China Super Regulator

26/03/2018

Senior party official will take responsibility for merged banking, insurance regulator, as predicted by Regulation Asia last February.