Enforcement

SFC Suspends CEO of Freeman Commodities for Supervisory Failures

20/06/2025

The SFC said the former RO and MiC failed to ensure his firm maintained appropriate standards of conduct and adhered to proper procedures.

Market Infrastructure

BSP Issues Updated Credit Data Reporting Guidelines for FIs

20/06/2025

Banks and trust corporations are required to submit COCREE 2.0 monthly for reporting periods from 30 April 2025 onwards.

Enforcement

SFC Imposes 3-Year Ban on Former Licensee Over Wash Trades

20/06/2025

The former licensed representative of Cinda International Securities executed a total of 109 matched or wash trades in nine stocks, the SFC said.

Fintech / Regtech

BSP Proposes Model Risk Management Guidelines for FIs

20/06/2025

The BSP has proposed model risk management guidelines for financial institutions to enhance operational resilience and mitigate potential losses.

Market Infrastructure

Hong Kong ‘Actively Pursuing’ Closer Integration With Mainland

20/06/2025

Hong Kong will continue to explore further enhancements to the WMC scheme and ways to broaden Hong Kong professionals’ entry into the Mainland market.

Fintech / Regtech

South Korea Launches Enhanced “MyData 2.0” Service

19/06/2025

“My Data 2.0” incorporates seven improvements announced in April 2024 including enhanced consumer protections.

Enforcement

ACCC Fines NAB Over CDR Data Quality Issues

19/06/2025

The ACCC said NAB’s payment of the penalties is the highest amount paid for alleged contraventions of the CDR rules to date.

Crypto / Digital Assets

DTIF Urges Malaysia SC to Adopt DTI Standard for Tokenised Products

18/06/2025

The DTI Foundation said the use of the ISO 24165 DTI standard in disclosures will enhance investor protection and market integrity.

Market Infrastructure

New Zealand FMA Gives NZX Top Marks in Latest Review

18/06/2025

Only two recommendations were made, one around testing participant resilience and the other around assessing system recovery arrangements.