AML / KYC

US Sanctions Four More Officials Over Hong Kong National Security Law

10/11/2020

China’s Foreign Ministry says the move is a violation of the basic norms governing international relations, urging the US to withdraw the sanctions.

New Zealand FSC Publishes Disclosure Guide for Financial Advice Regime

10/11/2020

The ‘Disclosure Guide’ will help advisors comply with the changes to disclosure requirements under the new financial advice regime which comes into force on 15 March 2021.

Securities / Derivatives

TFEX to Launch New Silver, Rubber Futures Contracts

07/11/2020

A new cash-settled silver futures contract will launch on Monday. A Japanese rubber futures contract will launch by year-end.

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.