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Enforcement
SEC, CFTC Fine 16 Firms Over Use of Personal Devices, Chat Messaging
By Editors | 29/09/2022
The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.
Capital / Liquidity
PBOC Raises Costs for Firms to Bet Against the Yuan
By Editors | 29/09/2022
The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
Market Infrastructure
SEBI Developing New Settlement Process for Stock Market
By Editors | 28/09/2022
Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.
Market Infrastructure
India’s CCIL Proposes to Create Infrastructure for UMR Compliance
By Manesh Samtani | 28/09/2022
CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.
AML / KYC
SFC Shines Regulatory Spotlight on Online Platforms
By Hannah Cassidy | 28/09/2022
Hannah Cassidy and Natalie Curtis discuss key areas of concern for the SFC in relation to the online platforms operated by licensed firms.
AML / KYC
AUSTRAC Identifies Emerging AML Risks Facing Super Funds
By Sanday Chongo Kabange | 28/09/2022
Super funds are exposed to cyber crime, as well as AML risks resulting from the growth in merger activity across the sector.
Securities / Derivatives
NZ FMA Proposes to Update Guidance on Broker Obligations
By Editors | 28/09/2022
The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
ESG / Sustainability
Bursa Malaysia Updates Sustainability Reporting Framework
By Editors | 27/09/2022
By 2025, all Main Market listed issuers will be reporting TCFD-aligned disclosures and internalising climate change considerations in their business strategies.
Securities / Derivatives
Tokyo Bourse Issues Guidance on Making English Disclosures
By Editors | 26/09/2022
The TSE says the disclosure of corporate information in English is becoming increasingly important to attract foreign investment.
Fintech / Regtech
SEBI to Tighten Rules on Algo Trading Offered to Retail
By Editors | 26/09/2022
SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.
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