Enforcement

Enforcement

SEBI Launches Fresh Probe into NSE for Data Leak

By Editors | 14/01/2020

The alleged leaks are said to have involved documents related to NSE policy decisions, internal studies and board meeting minutes.

Enforcement

FSS Korea Probes Fraud Involving Small-cap Stocks

By Editors | 14/01/2020

A group of investors is suspected of taking control of small firms, only to then release news designed to inflate share prices or raise more capital to enrich themselves.

Enforcement

CSRC Imposes Lifetime Bans on Former Fuxing Group Executives

By Editors | 14/01/2020

Fuxing’s former chairman and ex-president received lifetime bans for running a six-year scheme to defraud investors of $5.3bn. Five others received market bans.

Enforcement

Taiwan FSC Penalises Taichung Commercial Bank for Lax Controls

By Editors | 13/01/2020

The bank and its insurance unit were fined for lax controls on entertainment spending and for awarding bonuses to sales staff who hadn’t sold any products, among other failures.

Enforcement

CSRC Issues Warning Letter to GF Securities for Poor Compliance

By Editors | 13/01/2020

An investigation into the firm found fewer-than-required experienced compliance officers, and a lack of independence of its compliance function from other departments.

Enforcement

SGX RegCo Adopts Risk-Based Approach to Quarterly Reporting

By Manesh Samtani | 10/01/2020

A new risk-based approach to quarterly reporting and stronger continuous disclosure requirements will apply from 7 February. The new whistleblowing office has also been established.

Capital / Liquidity

RBI Introduces Supervisory Action Framework for Troubled UCBs

By Editors | 09/01/2020

Under the framework, the RBI will monitor UCBs’ asset quality, profitability and capital, and initiate supervisory action when specific thresholds are breached.

Enforcement

ASIC Bans Ex-AMP, NAB Adviser for Four Years

By Editors | 09/01/2020

An ASIC review of advice files found a failure to make sufficient inquiries into client circumstances and existing financial products when providing advice.

Enforcement

Nine Korean Banks Face Legal Action for Selling Loss-Making Funds

By Editors | 09/01/2020

Investors are reportedly preparing for a suit against banks which sold them loss-making funds from Lime Asset Management without properly disclosing the risks.