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Operational Risk
APRA Imposes Licence Conditions on NAB Unit NULIS Nominees
By Editors | 28/08/2020
NULIS Nominees is required to improve its governance and control environment, and ensure members’ best interests are prioritised in its decision-making.
Trading & Investment
CSOP Launches First ETF Tracking New Hang Seng TECH Index
By Editors | 27/08/2020
Several other asset managers have submitted applications to regulators seeking to issue similar ETFs based on the new index, which tracks Hong Kong’s 30 largest tech listings.
Cybersecurity
DDoS Attacks Force Fourth Day of Market Closure at NZX
By Manesh Samtani | 27/08/2020
The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.
Structural Regulation
Singapore Raises Salary Requirement for Financial Sector Work Visa
By Manesh Samtani | 27/08/2020
MAS officials have recently said protecting Singaporean jobs was a “top priority” and that financial sector employers must “commit to growing the local talent pool”.
Structural Regulation
CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report
By Editors | 27/08/2020
The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.
Trading & Investment
Korea to Extend Short Selling Ban Six More Months
By Manesh Samtani | 27/08/2020
During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
Clearing & Post-Trade
SGX to Offer Free Analytics to Facilitate UMR Preparation
By Manesh Samtani | 26/08/2020
Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.
Reporting & Disclosures
Taiwan FSC Releases Corporate Governance, Sustainability Roadmap
By Editors | 26/08/2020
From 2024, all financial firms and listed companies with paid-in capital over $340mn will be required to have at least one-third of their boards made up of independent directors.
Trading & Investment
Philippines Issues Rules on New Investment Vehicle for Corporate Debt
By Editors | 26/08/2020
Corporate Debt Vehicles can issue securities to invest in bonds, notes or commercial papers issued by large corporations and medium-sized enterprises.
Structural Regulation
ASIC Allows ‘Frozen Funds’ to Pay Out Hardship Relief to Members
By Editors | 26/08/2020
The hardship relief will make it easier for responsible entities of frozen funds to enable withdrawals by investors suffering hardship, says ASIC’s Karen Chester.
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