Securities / Derivatives

Enforcement

SFC Fines GEO Securities for Breaching Licence Conditions

By Editors | 25/03/2021

The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.

ESG / Sustainability

ISLA Pledges to Support ESG Objectives in Securities Lending

By Sanday Chongo Kabange | 24/03/2021

ISLA says it will lead workstreams on five key action points to help share the securities lending market’s response to ESG challenges.

Market Infrastructure

SEBI Issues Guidelines for MIIs on Handling Disruptions

By Sanday Chongo Kabange | 24/03/2021

The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.

Enforcement

Malaysia SC Probes Share Disposals by AmBank Execs

By Sanday Chongo Kabange | 23/03/2021

Seven executives sold a combined MYR 1.63 million in shares on the same two days in December, just two months ahead of AmBank’s 1MDB settlement.

Enforcement

CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation

By Editors | 23/03/2021

The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.

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.