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Market Abuse
SGX RegCo Proposes Removal of Minimum Trading Price Rule
By Editors | 29/11/2019
SGX RegCo is proposing to scrap the MTP rule in light of its suite of other measures to deal with market manipulation, including the pairing of trading restrictions with ‘Trade with Caution’ alerts.
Fraud, Scams & Cybercrime
SEBI Probes Exchanges, Brokers for Failure to Detect Karvy Fraud
By Editors | 29/11/2019
An NSE audit found that Karvy Stock Broking pledged 20 million rupees in client securities with various lenders to raise funds for its own use.
Capital Adequacy
RBNZ to Adopt More Intensive Supervisory Approach to Banking
By Editors | 28/11/2019
The RBNZ’s financial stability report says it will bolster bank resilience with higher capital requirements and a “more intensive supervisory approach“.
Conduct, Culture & Accountability
CFTC Fines Goldman $1mn for Three Weeks of Missing Phone Records
By Editors | 28/11/2019
Goldman’s phone recording hardware failed in January 2014 an went undetected for three weeks, thereby impeding an unrelated CFTC investigation.
Conduct, Culture & Accountability
Korea Progresses Financial Consumer Protection Bill
By Editors | 28/11/2019
The bill, approved by the national policy committee, contains six sales regulations to be applied to all financial products and establishes a legal basis for penalising firms in violation.
Trading & Investment
SGX Enhances Securities Borrowing and Lending Programme
By Editors | 28/11/2019
Effective from 2 December, new variable rates will make it more attractive for institutional investors to borrow securities, increasing the opportunity for securities holders to generate income.
Trading & Investment
Indian Exchanges Issue New Framework for Listing Commercial Paper
By Editors | 28/11/2019
The listing framework for commercial papers will lead to more transparency, a better disclosure regime and greater investor protection.
Conduct, Culture & Accountability
ASIC to Take ‘Facilitative Approach’ to FASEA Code Compliance
By Editors | 27/11/2019
ASIC has clarified its expectations of AFS licensees and financial advisers for compliance with the FASEA code starting from 1 January.
Trading & Investment
SGX to Develop New Products Using China Bond Indices
By Editors | 27/11/2019
SGX, ICBC and the CCDC will explore the development of new index fund products using newly-launched China Bond Indices as the underlying, to be listed in Singapore.
Structural Regulation
Australia Opens Consultation for Retirement Income Review
By Editors | 27/11/2019
The consultation paper outlined the areas a review panel will assess to understand the adequacy, fairness, sustainability and cohesiveness of the three pillars of Australia’s retirement income system.
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