Enforcement

HK Retail Trader Convicted of Fraud Involving Naked Short Selling

28/02/2024

This is the first criminal conviction in Hong Kong for securities fraud involving illegal short selling.

Market Infrastructure

Philippine SEC Consults on Cyber Resilience Guidance

28/02/2024

The SEC and PSE are consulting proposed guidance for regulated entities on establishing and maintaining a cyber resilience framework.

Enforcement

ASIC Fines Melbourne Securities for Alleged Greenwashing

28/02/2024

ASIC alleges that Melbourne Securities made misleading statements in its PDS regarding its Bloom Climate Impact Fund.

Australia Commences Review of Credit Reporting Framework

28/02/2024

The review, to be conducted by former APRA executive Heidi Richards, will consider the efficiency and effectiveness of the framework.

Securities / Derivatives

Philippine SEC Eases IPO Rules for Energy Firms

28/02/2024

The SEC has simplified registration procedures for energy firms to offer and sell shares to the public.

Enforcement

SFC Launches Proceedings Against Ex-Chairman of Ding Yi Feng

27/02/2024

The SFC is seeking orders requiring the former chairman and 20 others to compensate investors for losses suffered as a result of a 2018 price manipulation scheme.

ESG / Sustainability

Hong Kong to Develop Transition Finance Framework: HKMA

27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.

Market Infrastructure

Australia: Misconduct Compensation Scheme to Start in April

27/02/2024

Compensation up to A$150,000 can be provided for misconduct related to financial advice, securities dealing or credit intermediation/provision.

Fintech / Regtech

HK Banks to Introduce Anti Malware Security Measures This Month

25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.