Securities / Derivatives

Big Picture

Inside ASIC’s Derivatives Reporting Rule Rewrite

By Manesh Samtani | 14/08/2023

ASIC’s Alex Orgaz-Barnier and DTCC’s Priya Kundamal spoke to Regulation Asia about the changes to the derivative transaction reporting regime in Australia.

AML / KYC

SEBI Streamlines KYC Process for Securities Market Onboarding

By Editors | 14/08/2023

SEBI directs KRAs to verify client information so that they gain portability, and clients to skip repetitive KYC steps with different intermediaries.

Securities / Derivatives

BSP Issues New Rules for UITFs on the Use of Benchmarks

By Editors | 14/08/2023

The BSP specifies a one-year transition period to allow unit investment trust funds to review their benchmarks and make changes where needed.

Enforcement

FSS Korea Probes Daegu Bank for Unauthorised Account Opening

By Mark Johnston | 14/08/2023

South Korea’s FSS has launched an emergency inspection on Daegu Bank over suspected unauthorised securities account opening.

Enforcement

SFC, CSRC Agree to Allow Block Trading on Stock Connect

By Editors | 14/08/2023

Block trading will enhance price discovery and encourage more overseas investors to participate in the A-share market through Stock Connect, said the SFC’s Julia Leung.

Enforcement

Kakao Founder’s Office Searched Over Stock Manipulation Allegations

By Sanday Chongo Kabange | 11/08/2023

The FSS raided the office of Kakao founder Kim Beom-su and confiscated materials related to allegations of market manipulation.

Securities / Derivatives

SEBI Streamlines Approval Process for Change in Control of Merchant Bankers

By Editors | 10/08/2023

SEBI has streamlined the procedure of obtaining prior approval for a proposed change in control of merchant bankers and bankers to an issue.

Fintech / Regtech

China Launches New Data Platform for Regional Equity Markets

By Editors | 10/08/2023

The platform enables market participants to gain a unified view of corporate data from China’s 30-plus regional equity markets.

Enforcement

Korean Regulators Discover Insider Trades at Securities Firm

By Sanday Chongo Kabange | 10/08/2023

Employees at the securities unit of an unnamed bank used nonpublic information about bonus issues by listed companies to generate billions of won in profits.