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.

Enforcement

Korea Prosecuting 33 Individuals Involved in Convertible Bond Abuse

26/07/2023

Out of 40 cases detected, investigations have been completed in 11 cases. Criminal charges were against 33 suspects.

Enforcement

FSS Korea Directs Chinese Banks to Address Regulatory Violations

24/07/2023

The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.