Securities / Derivatives

Fintech / Regtech

MAS Targets Market Abuse, Misconduct, AML Control Breaches

By Editors | 04/11/2020

In its latest enforcement report, MAS highlights its work to strengthen early detection of market misconduct, including through Apollo, an augmented intelligence system.

Market Infrastructure

China Drafts Rules for National Carbon Emissions Trading Scheme

By Editors | 04/11/2020

Companies will have to issue emissions reports, subject to strict disclosure and verification requirements, which will be used to determine the allowances they can trade.

Enforcement

New Zealand FMA Proposes New Guidance on KiwiSaver Fees

By Editors | 04/11/2020

The proposed guidance sets out ongoing obligations for KiwiSaver schemes to regularly review their fees to ensure members not being charged unreasonable fees.

Securities / Derivatives

Chinese Regulators Force Suspension of Ant Group IPO

By Editors | 03/11/2020

The Shanghai and Hong Kong IPOs have been suspended following supervisory interviews with Jack Ma and two other executives. Ant was due to start trading on Thursday.

AML / KYC

Hong Kong to Align Crypto Regulatory Framework with FATF Standards

By Manesh Samtani | 03/11/2020

The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.

Enforcement

Korean Prosecutors Raid Brokerage Firms Over Lime Asset Mis-selling

By Shruti Khairnar | 02/11/2020

Investigators from Seoul’s prosecution office raided the headquarters of Shinhan Investment Corp, Korea Investment & Securities, and KB Securities last week.

Enforcement

KRX Probes Market Makers’ Compliance With Short Selling Rules

By Editors | 02/11/2020

The inspection will cover all 22 market makers, focusing on whether they conducted naked short selling and whether they violated the uptick rule.

Market Infrastructure

China Further Opens Domestic Markets to Foreign Investors

By Manesh Samtani | 01/11/2020

Qualified foreign investors can lend out and borrow stock holdings to enable their use in short-selling, and trade equity index futures on the CFFEX.

Securities / Derivatives

HK to Allow Secondary Listings from Some Corporate WVR Companies

By Manesh Samtani | 01/11/2020

Subject to certain requirements, Greater China issuers primary listed on the Nasdaq, NYSE or the LSE’s premium listing segment will be allowed to secondary list in Hong Kong.