All posts tagged "FSC"
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118EnforcementS. Korea to Toughen Penalties for Naked Short Selling
New legislative revisions could subject illegal short sellers to up to 10 years imprisonment and fines amounting to 1.5 times profits on short selling.
October 15, 2018 -
148AML / KYCTaiwan FSC to Probe Recent Fee Hikes at Banks
Seven state-banks have raised fees for foreign remittances, saying the extra charges are needed to offset costs associated with upgrades to money laundering controls.
October 12, 2018 -
138Korea
S. Korea to Level Playing Field for Domestic PE Funds
The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.
October 1, 2018 -
153Capital Regulation
S. Korea Eyes Two More Internet-Only Banks in 2019
The FSC said it plans to approve two more Internet-only banks next year, a day after a bill passes allowing non-financial firms to boost their ownership stakes in such banks.
September 24, 2018 -
134Securities & TradingTaiwan to Launch Exchange Traded Notes in Q2 2019
Brokers issuing ETNs must have a net worth exceeding $325mn and a capital adequacy ratio of at least 250%.
September 17, 2018 -
193Securities & Trading
Taiwan to Introduce Continuous Trading for Equities in 2020
Continuous trading will enable real-time trading by matching orders immediately; existing call auction mechanism collects orders over five seconds before matching occurs.
September 6, 2018 -
187Capital Regulation
Korea Expands Crack Down On Speculative Household Lending
Regulatory authorities will conduct on-site inspection to ensure that banks are in compliance with tighter household lending requirements and that business loans have not been used to purchase houses in 15 wards of Seoul.
August 30, 2018 -
354Market InfrastructureTaiwan FSC Orders Governance Fix at Fubon Financial Holdings
The regulator is concerned the founding family holds undue influence at Fubon Financial Holdings and affiliates, compromising board of directors' autonomy.
August 13, 2018 -
751Fintech / RegtechJapan’s Line Corp to Set Up Digital Bank in Taiwan
'Line Bank' will be set up in partnership with up to five local partners to take deposits, provide loans, and sell mutual funds and insurance policies.
July 30, 2018 -
213EnforcementS. Korea FSC Imposes Six Month Suspension on Samsung Securities
A result of April's dividend payout error, Samsung Securities has been barred from accepting new clients for six months and order to suspend its chief executive, who has instead resigned.
July 29, 2018
