Securities / Derivatives

Securities / Derivatives

CBIRC Green-lights BlackRock-Temasek-CCB Joint Venture

By Editors | 24/08/2020

The wealth management joint venture is said to have received approval to commence establishment, with control resting with the two foreign institutions.

Securities / Derivatives

Australia Transitions to New Regulatory Regime for Litigation Funders

By Sanday Chongo Kabange | 24/08/2020

Litigation funders will have three months of transition relief before they have to mandatorily hold an AFS licence and comply with rules for managed investment schemes.

Securities / Derivatives

HK Bourse Finalises Changes to Professional Debt Regime

By Manesh Samtani | 23/08/2020

The issuer net assets requirement will be raised, a minimum issuance size will be introduced, and state corporations will be required to meet issuer eligibility requirements.

Securities / Derivatives

China to Pilot Direct Foreign Access to Interbank Bond Market

By Editors | 23/08/2020

Starting 1 September, foreign institutional investors and QFII/RQFII participants can trade in China’s interbank bond market on a trial basis.

AML / KYC

SFC Grants In-principle Approval to Virtual Asset Trading Platform

By Editors | 23/08/2020

Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.

AML / KYC

Thailand SEC to Simplify KYC Rules for Low Risk Investment Products

By Editors | 22/08/2020

The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.

Enforcement

Scotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m

By Editors | 20/08/2020

Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.

Securities / Derivatives

Singapore Authorities Charge Five Remisiers for False Trading

By Editors | 20/08/2020

The five individuals charged were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

ESG / Sustainability

Taiwan FSC Unveils Green Finance Action Plan 2.0

By Lucy Zhang | 20/08/2020

The action plan seeks to promote green and sustainable financial markets, improve ESG disclosures, and establish a classification standard for the financial industry.