Capital / Liquidity

PBOC Issues Draft Law Aimed at Modernising Central Bank System

27/10/2020

The draft law expands the PBOC’s role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.

Securities / Derivatives

DCE Solicits Opinions on Amended RBD Palm Olein Futures Rules

27/10/2020

The new rules are aimed at providing certainty and appeal for overseas market participants to participate in the DCE’s RBD palm olein futures market.

Market Infrastructure

Australia: New Report Proposes Changes to Financial Advice Rules

27/10/2020

The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.

Enforcement

Singapore Police Charge Ex-Remisier with Criminal Breach of Trust

26/10/2020

Over six years, an 86-year-old client entrusted money to the remisier for the purposes of buying shares but no shares were ever purchased.

Uncategorised

FSC Korea Designates KFTC to Manage P2P Financing Data

26/10/2020

The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.

Securities / Derivatives

CSRC Green-lights Launch of International Copper Futures Contract

26/10/2020

The new copper futures contract will be traded on Shanghai’s International Energy Exchange, and accessible to foreign investors looking to hedge their exposures in China.

Enforcement

Hong Kong ICAC Charges Two Former AIA Agents With Fraud

25/10/2020

A former district manager and former insurance agent each face one count of fraud in separate cases for submitting false income proof statements.

Fintech / Regtech

Philippine Privacy Watchdog Warns Against Misusing Borrower Data

23/10/2020

Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.

Enforcement

ICAC Charges Two With Conspiracy To Defraud Lender

22/10/2020

The two falsely represented that 14 loan applications were referred to induce the licensed lender to pay about HKD 600,000 in referral fees.