Fintech / Regtech

HKEX Launches New Data Marketplace for Investors

19/12/2024

“HKEX Data Marketplace” will allow data users to access historical and reference data on securities and derivatives.

Crypto / Digital Assets

Hong Kong SFC Grants Four New Virtual Asset Licences

19/12/2024

The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants

Securities / Derivatives

APRA Identifies Valuation Governance Weaknesses at Super Funds

18/12/2024

APRA said superannuation trustees need to further enhance their valuation and liquidity risk management practices.

Enforcement

New Zealand FMA Censures Pathfinder for Misleading Representations

18/12/2024

The FMA said Pathfinder Asset Management should have included information in social media ads about exceptions permitted by its ethical investment policy

Enforcement

Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal

18/12/2024

Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.

Enforcement

Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts

18/12/2024

The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.

Securities / Derivatives

Malaysia Launches Trading in Used Cooking Oil Futures

18/12/2024

The new aims to address the need for price transparency and risk management tools in the growing used cooking oil market.

BNM Proposes Changes to Rules on Personal Financing

18/12/2024

BNM will abolish the use of the Rule of 78 method in personal financing and set at 10 year tenure limit on such lending.

AML / KYC

AUSTRAC Sues Online Betting Site Operator Entain for AML Breaches

17/12/2024

AUSTRAC CEO said the failures in Entain’s approach to its AML/CTF obligations were “systemic” and “left the company at serious risk of criminal exploitation”