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Enforcement
HK SFC Releases 1st MiC Regime Guidance Bulletin
By Editors | 20/12/2017
Report warns on conflicts of interest in sales practices and asset management; notes asset management sector now has more than half of all intermediaries.
Capital / Liquidity
HK SFC Proposes Raising Capital Required by Fund Managers
By Editors | 19/12/2017
Consultation covers raising of minimum capital requirement to HKD10 million, introduction of derivatives use by public funds with enhanced safeguards.
Enforcement
Standard Chartered Brokerage Arm Hit With $330,000 Fine
By Editors | 19/12/2017
SFC investigation reveals internal control failures resulted in at least 61 regulatory breaches involving short selling, required liquid capital deficit of HKD2 billion.
Capital / Liquidity
Korea to Ban Foreigners from Cryptocurrency Trading Accounts
By Editors | 18/12/2017
Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.
Capital / Liquidity
Geopolitical Risk a Grave Concern for Financial Services in 2018
By Editors | 14/12/2017
DTCC report says cyber risk continues to be seen as greatest threat, but many firms now see geopolitical issues as one of the five biggest concerns.
Market Infrastructure
Malaysia, Thailand and Indonesia Launch Local Currency Clearing
By Editors | 13/12/2017
Deal involving multiple regional banks, which takes effect on 2 January, will enable wider use of domestic currencies in financial investment.
Enforcement
Hong Kong Court Confirms Legality of SFC-CSRC Information Sharing
By Editors | 12/12/2017
Judge rejects legal challenge to transfer of documents seized by SFC during execution of a search warrant to the Chinese securities regulator.
Securities / Derivatives
Malaysia to Allow Retail Investment in Wholesale Bond, Sukuk Market
By Editors | 11/12/2017
**Securities regulator hopes to introduce regulations by first quarter of next year to democratise $300bn market.
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Securities / Derivatives
India to Allow Funds, Portfolio Managers to Invest in Commodity Derivatives
By Editors | 11/12/2017
Securities regulator says market has had insufficient institutional involvement, leading to poor price discovery and risk management.
Capital / Liquidity
MiFID II: Everything European Banks Active in Asia Need to Know
By Fabienne Sayarath | 07/12/2017
Exploring key issues including the status of local subsidiaries, trading venue uncertainty, transaction reporting and more as the deadline looms.
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