SECURITIES / DERIVATIVES

Securities / Derivatives

New Rules for Private Equity Funds Take Effect in Korea

By Ranamita Chakraborty | 22/03/2021

The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.

AML / KYC

Singapore Police Issue First Charges in Nickel Trading Fraud Case

By Editors | 22/03/2021

At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.

Enforcement

Taiwan Regulators Steps Up Scrutiny of Clubhouse App

By Ranamita Chakraborty | 22/03/2021

The social media app restricts voice recording without the consent of every speaker in a chat room, which may create a loophole for stock manipulators.

Securities / Derivatives

BOJ Scraps ETF Buying Target, Tweaks Yield Curve Controls

By Editors | 22/03/2021

The BOJ is scrapping its JPY 6 trillion annual target for buying ETFs, but will keep the JPY 12 trillion annual ceiling. The BOJ now owns about 7% of the Japanese equity market.

Securities / Derivatives

Malaysia Grants Fee Waivers, Rebates on Listing Related Fees

By Editors | 21/03/2021

Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.

Securities / Derivatives

New Financial Consumer Protection Law to Take Effect in Korea

By Sanday Chongo Kabange | 21/03/2021

The law expands consumer rights, raises penalties for breaches, and requires FIs to set up internal controls to protect consumers.

ESG / Sustainability

Malaysia SC Outlines Capital Market Plans for 2021

By Sanday Chongo Kabange | 21/03/2021

The SC said it will launch its five-year Capital Market Masterplan 3 in H2 2021, strengthen its regulatory capabilities, and streamline conduct requirements.

Enforcement

ASIC Bans Director, Account Managers at FX Broker

By Editors | 21/03/2021

Clients were pressured to deposit funds into their trading accounts, engage in high-risk trading, and delay or cancel withdrawal requests.

Enforcement

New York Court Reinstates SIBOR Manipulation Lawsuit

By Editors | 19/03/2021

The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.