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Enforcement
Australian Federal Court Fines OTC Derivative Issuers A$75m
By Editors | 22/10/2020
The three OTC derivatives issues are now in liquidation and have also been ordered pay ASIC’s costs and to refund approximately 10,000 former clients, on top of the penalties.
Enforcement
FSC Korea Kicks Offs New Task Force to Address Illegal Trading
By Editors | 22/10/2020
Korean regulators will work to enhance cross-agency information sharing, introduce a new market abuse monitoring system, and raise penalties for unfair trading activities.
Fintech / Regtech
IMAS Calls on Asset Managers to Join Digital Accelerator Programme
By Editors | 21/10/2020
Under the programme, asset managers will be paired with a shortlisted fintech with the most appropriate solution to the problem statement submitted.
Market Infrastructure
SEBI to Promote Greater Access to Securities Market Data
By Editors | 21/10/2020
The committee will identify gaps in the public availability of securities market data and recommend regulations to promote transparency, access and useability of such data.
Enforcement
Korean Regulators to Revoke Lime Asset Management Licence
By Editors | 20/10/2020
Subject to FSC approval, the FSS will revoke Lime’s business registration and order the company to dismiss its CEO, who was arrested in July.
Enforcement
SFC Imposes 24-month Market Ban for Takeovers Code Breach
By Sanday Chongo Kabange | 20/10/2020
The mandatory general offer obligation under the Takeovers Code was triggered 20 times by AV Concept Holdings chairman and his concert parties.
Market Infrastructure
Tokyo Stock Exchange Faces FSA Probe Over System Outage
By Manesh Samtani | 20/10/2020
Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.
Securities / Derivatives
CSRC Green-lights Ant Group Hong Kong Stock Listing
By Editors | 19/10/2020
The approval follows reports that a probe into a potential conflict of interest in the planned $35bn stock listing threatened to delay the IPO.
Enforcement
FSS Korea to Launch Probe Into Samsung Securities
By Editors | 18/10/2020
Samsung Securities allegedly intervened to secure support from shareholders of a Samsung entity for a 2015 merger while also acting as adviser to the other party in the transaction.
Securities / Derivatives
China Vows to Improve Quality of Listed Companies
By Editors | 18/10/2020
A new State Council guideline promotes the issuance of domestic shares to purchase overseas assets, and greater inbound investment from qualified foreign investors.
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