The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.
January 6, 2023The FMA will begin accepting licence applications on 25 July 2023. The new CoFi regime will come into force in early 2025.
December 4, 2022Brokers "should not receive PFOF in placing and/or executing customers’ orders" because it "introduces conflicts of interests" and is "likely to cause harm to customers", MAS says.
November 7, 2022Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
October 24, 2022Brickwork Ratings India failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, SEBI said.
October 11, 2022Remedies needed to address misaligned incentives and lack of comparability in booming market, says ratings agency.
October 1, 2022Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.
October 1, 2022Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.
September 28, 2022The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.
September 20, 2022The rules are aimed at preventing directors from taking on positions at other firms that could affect their performance or create conflicts of interest.
August 3, 2022