APRA Finalises New Requirements on Remuneration Disclosures

02/08/2023

New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.

Enforcement

FSS Korea Directs to Foreign Firms to Improve Trading Controls

02/08/2023

The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.

Securities / Derivatives

HKEX Adds Additional Margin Calculation Flexibility to VaR Platform

02/08/2023

The changes are designed to accommodate the needs of more complex portfolios and allow firms to easily exclude positions that will be settled by end of day.

Enforcement

South Korea Penalises 18 Firms for Short-Selling Violations

01/08/2023

The biggest fines went to QUANTin Asset Management and PFM Asset Management, which were penalised more than a combined KRW 600 million.

Capital / Liquidity

RBNZ, FMA Issue New Standards for Designated FMIs

01/08/2023

The new standards, effective from 1 March 2024, include 28 Standards, accompanying guidance, and a framework for regulating overseas FMIs.

AML / KYC

HK Court Convicts 4 Ex-DBS Employees on Bribery Charges

01/08/2023

The four former DBS employees were convicted for divulging confidential customer data to others for touting personal loans.

Market Infrastructure

UPDATED – SEBI Directs MIIs to Establish Common Dispute Resolution Platform

01/08/2023

Disputes between investors or clients and listed companies or any specified intermediaries or regulated entities in the securities market will be resolved through the proposed new platform.

Capital / Liquidity

APRA is Reviewing its Data Collections Roadmap

01/08/2023

Some data collections are being prioritised to support APRA’s policy priorities for banking and to address data gaps.

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.