Enforcement

FSC Korea Sanctions NH Futures Over Illegal FX Transactions

06/12/2023

The FSC has suspended NH Futures’ foreign exchange operations from 4 December 2023 to 9 May 2024.

Enforcement

ASIC Warns Online Trading Providers Over Risky Offers

06/12/2023

ASIC found that some online trading providers unfairly influenced consumer decisions and made misleading disclosures during the Covid-19 pandemic.

Securities / Derivatives

SGX Sets Out Listing Requirements for Active ETFs

06/12/2023

Active ETF managers must publish indicative NAV throughout the trading day, disclose NAV daily, and publish fund performance and portfolio holdings monthly.

Enforcement

SFC Fines Ruifeng Securities for Fund Management Failures

05/12/2023

The penalty was imposed for failures related to fund management activities and account opening procedures.

ESG / Sustainability

Bursa Malaysia Launches New ESG Reporting Platform

04/12/2023

Listed issuers can access the platform free of charge to generate performance tables that must be disclosed in their sustainability statements.

AML / KYC

UK Secures Pledges from Global Tech Firms to Tackle Online Fraud

01/12/2023

Signatories pledge to block and remove fraudulent material from their platforms and services and to work closely with law enforcement.

Fintech / Regtech

Legislation Introduced to Expand Australia’s Digital ID System

01/12/2023

The bill introduces a voluntary accreditation scheme for Digital ID service providers, and will allow myGovID to be used in the private sector.

Market Infrastructure

HKEX Proposes to Keep Markets Open During Typhoons

01/12/2023

HKEX proposes operational model to allow markets to remain open during typhoons and rainstorms from July 2024.

APRA Publishes Additional Data on Super Fund Underperformance

01/12/2023

APRA says there is “considerable scope” for fee reductions across the superannuation industry, particularly for trustee directed products.