Market Infrastructure

Japan Amends Rules to Lure Hong Kong Fund Managers

05/08/2020

A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

Enforcement

Australia: Former Financial Adviser Jailed for Six Years

04/08/2020

Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.

Big Picture

FMSB Publishes Spotlight Review on Market Surveillance

04/08/2020

The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.

Market Infrastructure

SC Orders Bursa Malaysia to Conduct Full Systems Review

02/08/2020

The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.

NAB to Stop Dealing with Unlicensed Debt Management Companies

02/08/2020

NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.

Big Picture

Third Global Financial Crisis May Be Imminent: ex-HKMA Chief

30/07/2020

Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.

Crypto / Digital Assets

Philippines Launches DLT-based Distribution of Retail Treasury Bonds

29/07/2020

The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.

Securities / Derivatives

New Zealand FMA Warns Derivatives Issuers to Ensure Compliance

29/07/2020

Self-assessments by derivatives issuers have identified risks stemming from the way they handle client money, provide advice to retail clients, and handle vulnerable customers.

Securities / Derivatives

Malaysia Proposes to Allow Lower Public Holding of Large Caps Stocks

27/07/2020

Proposed listing rule amendments will allow some large listed issuers to have a public holding spread as low as 15%, compared to the current 25% minimum.