Enforcement

Appeals Tribunal Affirms SFC Punishment of Yi Shun Da Capital

21/10/2021

The Appeals Tribunal upheld the SFC’s decision to punish Yi Shun Da Capital over sponsor failures but reduced the penalty amount.

Market Infrastructure

BSE India to Offer T+1 Settlement from 3 January 2022

21/10/2021

BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.

Crypto / Digital Assets

NYSE Launches First US ETF Linked to Bitcoin with SEC Approval

21/10/2021

The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.

Market Infrastructure

APRA Issues Updated Guidance on New Remuneration Standards

21/10/2021

The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.

AML / KYC

AUSTRAC Seizes Star Casino Files in Money Laundering Probe

20/10/2021

AUSTRAC is reported to be building a case against Star Entertainment Group over alleged shortcomings in its AML/CTF controls.

Market Infrastructure

BIS Outlines Principles for Designing Effective Taxonomies

20/10/2021

The principles for sustainable finance taxonomies will facilitate comparability and interoperability across firms and markets, the BIS says.

AML / KYC

Singapore Consults on Amendments to Accountants Act

20/10/2021

Under the changes, ACRA can conduct inspections on accountants for compliance with AML/CFT requirements, and impose penalties for non-compliance.

ESG / Sustainability

RBA Warns of Divestment Risk Amid Climate Change Threat

19/10/2021

While there are currently only isolated examples of divestment from Australia because of climate risk, the likelihood of more significant divestment is increasing.

Crypto / Digital Assets

ASIC Seeks Extension of CFD Product Intervention Order to 2031

18/10/2021

ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.