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Fintech / Regtech
Malaysia Launches Islamic Fintech Accelerator Programme
By Editors | 26/05/2021
The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.
Enforcement
Korea FSS Orders IBK to Compensate Investors Over Mis-sold Funds
By Editors | 26/05/2021
The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.
Sanctions
Hong Kong Considers Replacing State Street as TraHK Manager
By Editors | 26/05/2021
Officials reportedly commissioned an independent study to review State Street’s role in managing Hong Kong’s Tracker Fund.
Securities / Derivatives
CBIRC Approves Goldman Sachs Wealth Management JV
By Editors | 26/05/2021
Preliminary approval will allow Goldman Sachs Asset Management to own a 51 percent stake in the joint venture with ICBC Wealth Management.
Enforcement
China: Policymakers Warn Against Commodity Market Speculation
By Editors | 25/05/2021
Regulators will strengthen supervision of commodity futures and the spot market with a “zero tolerance” for illegal activities.
Securities / Derivatives
Bursa Malaysia Grants Extension for Issuing Financial Statements
By Editors | 25/05/2021
The announcement comes at a time when Malaysia is under a four-week nationwide lockdown until 7 June.
Securities / Derivatives
China Releases Supplementary Rules for Carbon Rights Trading
By Editors | 24/05/2021
The rules detail the role of the registration authority, allowing it to intervene if carbon prices see abnormal fluctuations or excessive volatility.
Securities / Derivatives
Philippine Bourse Ordered to Show Progress on SME Listings
By Sanday Chongo Kabange | 24/05/2021
The order from the DOF follows the introduction of new listing rules in March, which are aimed at encouraging greater SME participation in the stock market.
Securities / Derivatives
ESMA Recommends Lower Short Position Reporting Threshold
By Editors | 24/05/2021
ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.
Enforcement
Nomura, UBS, UniCredit Fined for Participating in Trading Cartel
By Editors | 24/05/2021
During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.
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