SECURITIES / DERIVATIVES

Enforcement

Hong Kong SFC Investigates Ramp-and-Dump Scam

By Editors | 29/11/2021

Restriction notices have been sent to two brokerage firms prohibiting them from dealing in assets worth HK$312mn held across 17 trading accounts.

Securities / Derivatives

Australia Introduces Bill to Enable CCIV Fund Structure

By Editors | 29/11/2021

The CCIV has the potential to unlock significant opportunities for the Australian funds management industry, says Financial Services Council CEO Sally Loane.

Market Infrastructure

EU Lawmakers Agree to Defer Mandatory Buy-in Rules

By Manesh Samtani | 29/11/2021

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

Fintech / Regtech

Taiwan FSC to Ease Rules on Automatic Portfolio Rebalancing

By Darien Choong | 29/11/2021

Automated execution of portfolio rebalancing transactions will be allowed, subject to the rebalancing thresholds agreed by clients being reached.

AML / KYC

SFC Issues Technical Guidance for New Reporting Regime

By Editors | 28/11/2021

A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

Enforcement

HK ICAC Charges Four for Concealing Backdoor Listing

By Editors | 28/11/2021

A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.

Securities / Derivatives

Chinese, US Authorities Working to Resolve Audit Issues

By Editors | 28/11/2021

CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.

Enforcement

Hong Kong FRC to Increase Public Disclosures on Investigations

By Editors | 28/11/2021

The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.

Securities / Derivatives

Tax Incentives Prompt Raft of IPO Listings in Sri Lanka

By Duruthu E Chandrasekera | 27/11/2021

Companies will be able to maintain a reduced corporate tax rate for three years after listing. The CSE’s listing framework was also revamped earlier this year.