One former representative effected discretionary trades in clients’ accounts without authorisation. The other traded his own stocks from a client’s accounts.
November 12, 2021Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.
November 8, 2021Fulbright Securities breached regulatory requirements when processing placement subscription applications for a Hong Kong-listed company in August 2018.
November 2, 2021Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021Irene Liu and Catherine Lee discuss the applicability of MAS' Guidelines on Individual Accountability and Conduct on data governance.
September 9, 2021The RBI panel recommends a four-tier structure for regulating UCBs, and the establishment of an umbrella organisation to oversee them.
August 26, 2021Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
August 23, 2021The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.
August 11, 2021Bursa Malaysia proposes to limit the tenure of independent directors and require listed issues to have in place a fit and proper policy.
July 22, 2021FASEA's functions will transfer to the Treasury and ASIC. New disciplinary and registration systems for financial advisers will apply from January 2022.
July 1, 2021