Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.
August 17, 2020A presidential working group which includes the chairmen of the SEC, CFTC and Fed has recommended changes to US listing rules to require access to companies' audit papers.
August 8, 2020Apical Asset Management lacked basic AML/CFT controls despite complex ownership structures used by some of its clients. Its two directors were reprimanded.
July 29, 2020Accused of fabricating depository statements, Optimus Asset Management has suspended withdrawals from six feeder funds since last week, locking up 90bn won in investor money.
June 26, 2020Samsung's de facto head, Lee Jae-yong, and two of his senior lieutenants could face charges of illegal trading and stock price manipulation, among other charges.
June 8, 2020The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.
March 19, 2020Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
February 7, 2020Foreign issuers may appoint foreign auditors, but an ACRA-registered firm must also serve as a joint auditor. Standards for property valuations by issuers are also being raised.
January 16, 2020The priorities include encouraging more medium- and long-term funds to enter the market, improving the legal system, and strengthening supervision.
September 12, 2019Over 850,000 borrowers are paying over 25% interest on loans at savings banks; FSS vows to protect consumers by boosting monitoring and inspection efforts and by publicly naming lenders charging excessively.
August 2, 2018