Enforcement

Korea FSS Set to Issue Interim Findings from Short Selling Probe

05/05/2024

Ten global investment banks including Nomura and Credit Suisse are expected to face fines totalling more than $73.7mn.

Fintech / Regtech

US CFTC Appoints First-Ever Chief AI Officer

03/05/2024

The role will involve leading the development of the CFTC’s enterprise data and AI strategy and advancing its data-driven capabilities.

Enforcement

SFC Starts Insider Dealing Prosecution Against Hedge Fund

03/05/2024

The SFC is prosecuting Segantii Capital Management, its founder Simon Sadler, and former trader Daniel La Rocca for insider dealing.

Market Infrastructure

Australia Publishes Details on Reforms to Foreign Investment Regime

03/05/2024

Greater scrutiny will apply to foreign investments in sensitive sectors. Passive investors with a strong track record would receive less scrutiny.

AML / KYC

NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

03/05/2024

NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

AML / KYC

HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

02/05/2024

The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

Enforcement

Hong Kong ICAC Charges MPF Intermediary with Fraud

02/05/2024

A former insurance agent of FWD Life allegedly conspired with four clients to apply for early withdrawal of their MPF using false documents.

Enforcement

QLD Police Charge Four for ‘Boiler Room’ Investment Fraud

01/05/2024

Approximately 30 people were defrauded of over A$1.5 million between 2018 and 2021. Four people were arrested and charged.

ESG / Sustainability

NZX Amends Listing Rules to Clarify Climate Disclosure Obligations

29/04/2024

The amendments also introduce requirements for issuers to appoint authorised representatives and provide NZX with their contact details.