Market Infrastructure

SEBI Consults on New Rules for Index Providers

15/12/2020

SEBI proposes rules for index providers that conform to IOSCO requirements, to align India’s practices with those observed in foreign jurisdictions.

Enforcement

ASIC Sues Three Firms For Illicitly Offering FX Margin Trading

15/12/2020

ASIC alleges Union Standard provided trading in margin FX products to clients in China in circumstances where it was illegal for Chinese residents to deal or trade in those products.

AML / KYC

AUSTRAC Releases Risk Assessment of Junket Tour Operators

15/12/2020

AUSTRAC expects casinos to use the risk assessment to protect their businesses and communities from criminal threats such as money laundering.

Capital / Liquidity

Korea Passes Law on Supervision of Non-Holding Financial Groups

15/12/2020

The law requires the establishment of an internal group-wide risk management body, overseen the group’s top representative company.

ESG / Sustainability

Taiwan FSC Unveils Three Year Capital Market Roadmap

09/12/2020

The roadmap aims to promote ESG development, establish operational rules to enable central clearing for OTC derivatives, and boost fundraising in the capital markets.

ASIC to Update Regulatory Guide on Consumer Remediation

08/12/2020

There are opportunities for firms to identify issues that can lead to remediations earlier, and to ensure remediation payments are made more quickly and fairly.

AML / KYC

Global Coalition to Fight Financial Crime Expands Membership

08/12/2020

Interpol and Western Union are among the five new additions to the GCFFC’s membership, bringing the total count to 18 organisations.

Enforcement

RBNZ Reprimands Pacific International Insurance Over Reporting Failures

03/12/2020

The RBNZ says Pacific International Insurance’s poor history of non-compliance with regulatory reporting requirements continued despite repeated warnings.

Securities / Derivatives

Ho Chi Minh Bourse to Raise Minimum Board Lot Tenfold

03/12/2020

HoSE plans to allow two weeks for modifications to trading systems, one week for testing, and implementation in January 2021.