SECURITIES / DERIVATIVES

Enforcement

Seoul Prosecutors Seek Warrants to Arrest for Former Fund Execs

By Editors | 07/09/2023

Former senior executives of Discovery Asset Management are accused of violating the Capital Market Act, making unfair gains, and improperly diverting investor funds.

Enforcement

ASIC Directs Retail OTC Issuers to Improve DDO Compliance

By Sanday Chongo Kabange | 07/09/2023

ASIC said it will punish issuers of CFDs and other high-risk products for failure to comply with their design and distribution obligations.

Capital / Liquidity

HK Investors Prepare Legal Action Over Credit Suisse AT1 Bonds

By Sanday Chongo Kabange | 07/09/2023

Hong Kong investors will claim the wipeout of Credit Suisse AT1 bonds was at odds with a bilateral investment treaty between Hong Kong and Switzerland.

Securities / Derivatives

Philippines Will Implement Short Selling Rules, Says Regulator

By Sanday Chongo Kabange | 07/09/2023

The SEC approved guidelines on short selling as early as 2018. It now says it is pushing to align its rules with major Asian markets.

Fintech / Regtech

SEBI Developing AI Tool to Detect Fund Mis-selling

By Editors | 07/09/2023

The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

Market Infrastructure

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

Capital / Liquidity

FSB Warns of Financial Stability Risks from ‘Hidden’ NBFI Leverage

By Editors | 07/09/2023

The FSB has identified pockets of high leverage in the NBFI sector and outlines policy implications to address these vulnerabilities.

Fintech / Regtech

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

By Editors | 07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

Enforcement

Taiwan FSC Suspends Executive for Unlicensed TV Appearances

By Editors | 06/09/2023

Uni-President Investment Consulting was fined and its general manager suspended because she discussed stock analysis on TV without an analyst licence.