Enforcement

FSC Korea Cancels Business Licence of Optimus Asset Management

25/11/2021

The FSC has also fined Optimus and ordered board member removals, over “numerous counts of violations and inappropriate fund management activities”.

Securities / Derivatives

SEBI Relaxes Rule on Daily Fines for Disclosure Violations

25/11/2021

Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

GBA Wealth Connect Pilot Records ¥200m in Transactions

24/11/2021

Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Related-Party Transactions

24/11/2021

Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

South Korea Divests Key Stake in Woori Financial Group

24/11/2021

State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.

Capital / Liquidity

RBNZ Consults on Potential Mortgage Lending Restrictions

23/11/2021

Banks need to prepare their systems for the future introduction of DSRs, and should be operationally ready to implement a regulated DTI limit by end-2022.

Fintech / Regtech

FSC Expands Access to Public Financial Data via Open APIs

23/11/2021

The newly added data types include information about stocks, bonds, funds, insurance products and microloan products.

Fintech / Regtech

RBI Panel Suggests Increasing Regulation for Digital Lenders

22/11/2021

The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.

Securities / Derivatives

Hong Kong Issues First Euro Denominated Green Bonds

22/11/2021

A 20-year tranche issued under the Green Bond Programme is the longest tenor euro-denominated bond issued by an Asian government to date.