Enforcement

SC Malaysia Wins MYR 3.1m in Insider Trading Case

05/11/2020

The former senior partner of a law firm acquired shares in Worldwide Holdings in the months leading up to an announcement that the firm would be privatised.

Market Infrastructure

PBOC Raises Bar for Executives of Financial Holding Companies

05/11/2020

Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.

Securities / Derivatives

SEBI Issues Due Diligence Guidelines for Debenture Trustees

05/11/2020

Debenture trustees will have to independently cerify an issuer’s assets and ensure they are adequate for a proposed issue of debt securities.

ESG / Sustainability

New Zealand FMA to Deepen Fintech, ESG Expertise

05/11/2020

The appointments reflect the FMA’s support for innovation in financial services and a commitment to supporting New Zealand’s transition to a greener financial system.

HKMC Extends Fixed-Rate Mortgage Pilot Scheme for One Year

04/11/2020

The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.

Enforcement

ASIC Secures A$10m in Refunds for Customers from Allianz

04/11/2020

Up to 31,000 consumers have been remediated for misconduct relating to the sale of travel insurance through Allianz’s own website and those of its partners.

ESG / Sustainability

Korea Exchange Joins and Declares Support for TCFD

03/11/2020

KRX joins the Ministry of Environment, Shinhan Financial Group, KG Financial Group, Posco and SK Innovation in declaring its support for the TCFD.

Market Infrastructure

PBOC to Scrap Market Maker Approval Process in Interbank Market

01/11/2020

The PBOC proposes to allow banks and securities firms to only sign an agreement with trading platforms to conduct market making business.

Securities / Derivatives

IFSCA Approves Bullion Trading Regulations for Gift City

01/11/2020

The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.