Securities / Derivatives

FSC Korea Prepares to Lift Ban on Illegal Short Selling

16/01/2021

The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.

Securities / Derivatives

China to Accelerate Development of Domestic Derivatives Market

22/12/2020

China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.

Enforcement

US SEC Penalises Robinhood $65m for Misleading Customers

21/12/2020

The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.

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.