Enforcement
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1.2KHong Kong Hedge Fund Penalised by CFTC, CME
Editors, Regulation Asia July 4, 2019Elephas Investment Management was found to have violated wheat futures speculative position limits established by the CFTC.
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775SFC Gains Access to Mainland Audit Papers for Investigations
Editors, Regulation Asia July 4, 2019The MOF and CSRC agree to provide the "fullest assistance" in response to SFC requests for investigative assistance regarding the provision of audit working papers.
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660Stronger Whistleblower Protections Take Effect in Australia
Editors, Regulation Asia July 2, 2019The stronger protections for whistleblowers apply to misconduct or an improper state of affairs or circumstances, not just breaches of the law.
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647MUFG Bank Reaches Settlement with New York State Regulator
Editors, Regulation Asia June 28, 2019The agreement settles claims relating to MUFG's switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.
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619ASIC Imposes Lifetime Ban on Former Westpac Adviser
Editors, Regulation Asia June 27, 2019The former adviser is said to have prioritised his own interests over those of his clients by providing inappropriate advice that maximised fees and commissions.
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746RBNZ to Intensify Supervision of Financial Institutions
Editors, Regulation Asia June 27, 2019The RBNZ is reviewing its regulatory requirements and intensifying its supervision of financial institutions to boost the resilience of New Zealand's financial system.
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631
ASIC Consults on Use of New Product Intervention Power
Editors, Regulation Asia June 27, 2019The draft regulatory guide sets out the scope of ASIC's new powers, when and how it expects to use the power, and how a product intervention order is made.
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1.1KHKEX Official Arrested in ICAC-SFC Joint Operation
Editors, Regulation Asia June 27, 2019The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for "suspected corruption and misconduct" in relation to the vetting of listing applications.
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720US Court Finds Chinese Banks in Contempt in Sanctions Probe
Editors, Regulation Asia June 26, 2019A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.
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683SFC Orders Freezing of More Assets Linked to Manipulation Case
Editors, Regulation Asia June 26, 2019The SFC has ordered more brokers to stop dealing with and processing assets linked to suspected market manipulation of Ding Yi Feng shares.
