Latest News
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33KoreaFSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana
Editors, Regulation Asia February 17, 2020The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.
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60Australia & NZASIC Imposes Lifetime Ban on Macquarie Equities Adviser
Editors, Regulation Asia February 17, 2020The adviser misrepresented the value of his client’s portfolio on 19 separate occasions, and engaged in trading without proper authority of the client.
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85Hong KongHKMA Invites Tenders to Facilitate Regtech Adoption in Banking
Editors, Regulation Asia February 17, 2020The HKMA is inviting tenders for the provision of professional services to help it facilitate the adoption of regtech by the banking industry.
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90SingaporeMAS Issues Guidance on Investment Suitability, Pricing in Private Banking
Editors, Regulation Asia February 17, 2020MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.
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96IndiaSEBI Introduces New System to Detect Broker Misuse of Client Securities
Editors, Regulation Asia February 17, 2020An online register will record brokers’ holdings of client securities, clubbing all such information collected by exchanges, depositories and clearing corporations for all types of trades.
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139KoreaS. Korea FSC to Educate Market New Data Usage Rules
Editors, Regulation Asia February 17, 2020Pseudonymised personal information may be used without customer consent for statistical, industry research and public documentation purposes.
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122Hong KongHK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws
Editors, Regulation Asia February 17, 2020Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan's regulator.
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136ChinaCSRC Loosens Rules on New Fundraising by Listed Firms
Editors, Regulation Asia February 15, 2020The CSRC has relaxed pricing and lock-up restrictions to incentivise listed companies to raise new funding from strategic investors through non-public offerings.
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324Korea
Korea to Strengthen Regulatory Framework for Hedge Funds
Manesh Samtani, Regulation Asia February 15, 2020The FSC will cap illiquid investments at 50% for open-ended funds, require them to conduct regular stress tests, raise transparency of complex fund structures, and enhance supervisory monitoring.
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710Australia & NZAustralia Blockchain Roadmap Receives Mixed Response
Editors, Regulation Asia February 15, 2020FinTech Australia chair Alan Tsen says the roadmap is disappointing, lacks vision and focuses on use cases that "felt like they’ve been written by a consulting firm space".
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