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.

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.