Securities / Derivatives

SEBI Issues New Disclosure Rules for Debt Issuers

11/07/2023

SEBI says the new rules seek to minimise multiple filings of documents by issuers of debt securities.

AML / KYC

NAB Becomes First Aussie Bank to Remove Links From Text Messages

10/07/2023

The move is one of 64 projects completed or underway across NAB to help address the “global scam epidemic”.

Capital / Liquidity

Hong Kong: New Regime for Insurers to Commence in 2024

06/07/2023

Capital requirements for insurers will be more sensitive to their asset and liability matching, risk profile and mix of products.

Enforcement

ASIC Fines Openmarkets Record $4.5m for Compliance Failures

06/07/2023

ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.

AML / KYC

India: Former Chair of Coop Bank Arrested on Fraud Allegations

06/07/2023

India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

Securities / Derivatives

Bursa Malaysia Assumes Investor Relations Function

06/07/2023

Bursa Malaysia will serve as the single point of reference for investor relations matters. MIRA is discontinued.

Fintech / Regtech

RBI to Require Card Issuers to Offer Network Optionality

06/07/2023

Banks and other card issuers will have to provide options for customers to freely choose which card networks processes their payments.

Enforcement

FMA Imposes Permanent Stop Order on Validus International

05/07/2023

The permanent stop order bars Validus and its associated persons from offering or promoting its financial products to New Zealanders.

Market Infrastructure

APRA Reveals Early Results from Cybersecurity Assessments

05/07/2023

APRA identified six common control gaps in the first tranche of CPS 234 assessments, and offers recommendations to address them.