SECURITIES / DERIVATIVES

Fintech / Regtech

HK SFC Sets Expectations on Use of GenAI Language Models

By Manesh Samtani | 14/11/2024

Licensed corporations intending to adopt GenAI language models in “high-risk use cases” are asked to discuss their plans with the SFC first.

Securities / Derivatives

Malaysia Enhances Investor Access to Market Information

By Nithya Subramanian | 13/11/2024

A new online platform was launched to help local and international investors access key market information and government agencies.

Enforcement

Australia Jails Ex-Investment Manager Over False Performance Reports

By Sanday Chongo Kabange | 13/11/2024

The forged portfolio performance verification reports falsely verified or claimed a history of successful investment returns.

AML / KYC

Korea Introducing New Disclosure Rules to Prevent Embezzlement

By Editors | 12/11/2024

Listed companies and large unlisted companies will have to make annual disclosures on the control measures they use to prevent and detect misappropriation of funds.

Enforcement

Citi, Barclays Facing Penalties in Korea for Illegal Short Selling

By Editors | 12/11/2024

According to local reports, the penalties could reach $14.3mn for Citi and $50mn for Barclays, breaking previous records.

Securities / Derivatives

MAS Unveils New Green Finance and Market Initiatives with China

By Nithya Subramanian | 12/11/2024

The initiatives aim to expand cross-border green financing flows, enhance bond market connectivity, and deepen collaboration on index and ETF products.

Securities / Derivatives

Hong Kong Introduces Bill to Boost REITs, Options Markets

By Sanday Chongo Kabange | 12/11/2024

The bill will remove stamp duties payable on transfers of REITs shares or units and jobbing business of options market makers.

Securities / Derivatives

RBI Expands Trade Reporting Requirements to Include FX Spot Deals

By Editors | 12/11/2024

The new reporting requirements are aimed at ensuring the RBI has a more complete view of the FX market for monitoring and regulatory purposes.

Securities / Derivatives

IOSCO Updates Fund Liquidity Risk Management Recommendations

By Manesh Samtani | 12/11/2024

The proposed updates emphasise the need for open-ended funds to implement anti-dilution and quantity-based liquidity management tools in both normal and stressed market conditions.