Markets & Infrastructure

Conduct, Culture & Accountability

Record Fine for KPMG Over Carillion Audit Failure

By ESG Investor | 12/10/2023

KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.

Alternative Markets

SEBI Calls on AIFs to Develop and Adopt Code of Conduct

By Editors | 12/10/2023

The industry body for alternative investment funds would help to address their use by regulated entities to circumvent regulations.

Trading & Investment

Sri Lanka SEC Approves Short Selling Framework

By Duruthu E Chandrasekera | 12/10/2023

The CSE has started conducting virtual workshops to create awareness of regulated short selling and stock borrowing and lending.

Conduct, Culture & Accountability

Kiwibank Fined for Overcharging Transaction Fees

By Editors | 12/10/2023

The court said the relevant conduct involved “negligence, and no intention to deprive customers of their entitlements.”

Cryptocurrency

Malaysian Regulator Grants In-principle Approval to Fifth Digital Exchange

By Nithya Subramanian | 12/10/2023

Hata becomes the first platform to gain approval after the regulator restarted accepting applications for such exchanges.

Conduct, Culture & Accountability

SFC Bans Investment Banker for Seven Years for Sponsor Failures

By Editors | 12/10/2023

The SFC said there was a need to send a “strong deterrent message” that failures of sponsors and sponsor principals will not be tolerated.

Market Abuse

SFC Proposes New Guidelines for Market Soundings

By Manesh Samtani | 12/10/2023

The proposed guidelines introduce a common set of “Core Principles” for market soundings to prevent misuse of non-public information.

Reporting & Disclosures

Malaysia Hosts Asia Launch of Revised OECD Principles on Corporate Governance

By Editors | 11/10/2023

The SC chairman said a dedicated sustainability committee has been formed on the SC Board. Deputy finance minister said Parliament will consider the establishment of “Bursa RegSub”.

AI Risk & Governance

SIFMA Urges SEC Not to Adopt Proposed Rules for Predictive Data Analytics

By Mark Johnston | 11/10/2023

SIFMA said the proposed rules would impose unreasonable and unworkable requirements on brokers and advisors and limit their ability to use technology.