Structural Regulation

ASIC Extends Relief for FFSPs

04/10/2016

Passporting exemptions extended for two years; regulator also consults on licensing relief.

Anti-Money Laundering

SFC Clarifies Broker Requirements

03/10/2016

Clarification follows unusual step of public warning on internal AML controls.

Anti-Money Laundering

US Regulator Finds Lapses at Another Mega Bank Branch

03/10/2016

Mega Bank now under scrutiny for suspect transactions between Chicago and Panama.

Supervision & Enforcement

HKMA Issues Guidelines on Penalties for OTC Rule Breaches

03/10/2016

Authority says it will not automatically link fines with profit gained, loss avoided from breaches.

Liquidity Risk

Australia Revises Funding Ratio, LCR Proposals

29/09/2016

APRA chairman says deposit-taking institutions now obtain funding from ‘more stable’ sources.

Market Abuse

SGX Launches Trade Surveillance Tools

29/09/2016

Exchange issues Trade Surveillance Handbook covering spoofing, layering and marking the close.

Trading & Investment

India Kicks off Commodity Options Regime

29/09/2016

Advisory committee recommends SEBI permit trading; regulator to issue guidelines ‘in due course’.

Trading & Investment

HKEX Issues SZ-HK Stock Connect Rules

29/09/2016

Information book, SEHK rules and FAQs amended.

Structural Regulation

Vietnam Could Ban Foreigners from Depositing in VND

29/09/2016

Commentators regard central bank proposal as ‘regrettable backward step’.