AML / KYC

SEBI Considers Tweaks to Derivatives Market Onboarding Process

31/07/2023

SEBI dismissed media reports that suggested the regulator was seeking to impose curbs on retail participation in derivative markets.

Capital / Liquidity

US Agencies Update Guidance on Liquidity Risk, Contingency Planning

31/07/2023

The guidance requires depository institutions to regularly evaluate and update their contingency funding plans, more frequently in changing market conditions.

Market Infrastructure

ASX Pledges to Implement Further Governance Improvements

31/07/2023

ASX has pledged to, within three months, implement 16 recommendations made by Herbert Smith Freehills in its review of the group’s governance structure.

Fintech / Regtech

FSS Korea Enhances Disclosure System to Provide Translation Feature

31/07/2023

Korean regulators are trying to increase English disclosures in the local market as part of efforts to attract more foreign investors.

Securities / Derivatives

Korea Outlines Reforms to Drive Listings by High-tech Firms

28/07/2023

The new measures are aimed at making it easier for more high-tech companies to list on domestic capital markets.

Fintech / Regtech

HKMA to Collaborate With Saudi Central Bank on Market Connectivity

28/07/2023

The two central banks will also collaborate on financial infrastructure development, sustainable development and fintech.

Enforcement

Taiwan Telecoms Fined for Failing to Prevent Exploitation by Scammers

28/07/2023

Taiwan Star and Strait-Telecom were fined for failing to check and verify the identities of service applicants, a breach of the Telecommunications Management Act.

AML / KYC

Korea Securities Depository to Promote LEI Adoption in Crypto Market

27/07/2023

The KSD and Code have signed a business agreement to promote the issuance and use of LEIs in the virtual asset market.

Korea to Enhance Financial Dispute Mediation Procedures

27/07/2023

The FSC says the revised procedures are scheduled to be formally announced on 1 August and take effect three months later.