SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.
CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.
Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.
Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.
Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.
APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.
Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.
Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.