ADVERTISEMENT
Fraud, Scams & Cybercrime
China Vows ‘Zero Tolerance’ for Bond Issuer Misconduct
By Editors | 24/11/2020
The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.
Conduct, Culture & Accountability
Australian Court Fines Responsible Entity Over Product Disclosures
By Sanday Chongo Kabange | 23/11/2020
Theta Asset Management and its ex-managing director were fined a combined A$2.1mn for authorising the issue of five defective product disclosure statements.
Structural Regulation
RBI Working Group Proposes New Rules on Bank Ownership
By Sanday Chongo Kabange | 23/11/2020
The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.
Payments & Settlements
Australian Treasury Seeks Feedback on Payments System Regulation
By Manesh Samtani | 23/11/2020
The paper seeks views on the adequacy of the current regulatory architecture for developments such as stablecoins, cryptocurrency, digital wallets, stored value facilities and open banking.
Payments & Settlements
MAS Launches New RMB Liquidity Facility for Banks
By Manesh Samtani | 23/11/2020
RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.
Trading & Investment
ASIC Launches Probe into ASX Over Equity Market Outage
By Manesh Samtani | 23/11/2020
ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.
Trading & Investment
Shanghai INE Launches Bonded Copper Futures Contract
By Editors | 23/11/2020
The new bonded copper contract is the sixth commodities contract traded in China that is open to foreign investors. The launch was approved by the CSRC last month.
Conduct, Culture & Accountability
Industry Body Urges ASIC to Reconsider Reference Checking Model
By Sanday Chongo Kabange | 23/11/2020
The Stockbrokers and Financial Advisers Association urges ASIC to look at the central register model used in the US, which treats advisers more fairly.
Structural Regulation
CSRC Seeks ‘Meaningful Dialogue’ with PCAOB on Audit Issues
By Editors | 23/11/2020
“We believe that with openness and professionalism, the two sides will certainly reach a consensus on a joint inspection scheme,” the CSRC said.
Structural Regulation
Thailand SEC to Remove Hardcopy Document Requirement for Takeovers
By Sanday Chongo Kabange | 23/11/2020
Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.