Securities / Derivatives

    Enforcement

    FSC Korea Provides No-Action Relief on Consumer Protection Law

    By Editors | 29/05/2021

    Action will not be taken against violations of regulations introduced or strengthened by the new Financial Consumer Protection Act until 24 September.

    Securities / Derivatives

    CBIRC Directs Banks to Stop Selling Commodities Futures – Report

    By Sanday Chongo Kabange | 28/05/2021

    The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.

    Market Infrastructure

    FIA Seeks Additional Clarity on China’s “Historic” Futures Law

    By Manesh Samtani | 27/05/2021

    FIA is requesting additional clarity on settlement finality and proposing that the protections in the new futures law be further expanded.

    Enforcement

    SFC Fines Ewarton Securities Over Staff Trading Controls

    By Manesh Samtani | 27/05/2021

    A lack of internal controls resulted in Ewarton’s failure to detect and prevent unauthorised or improper activities by a licensed representative.

    Securities / Derivatives

    Thailand SEC Approves New Criteria for SME Fundraising

    By Sanday Chongo Kabange | 27/05/2021

    The new fundraising criteria for SMEs and startups proposed by the stock exchange are expected to become effective this year.

    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.

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