Conduct, Culture & Accountability

SGX RegCo Consults on Independent Director Tenure Limit

28/10/2022

The consultation also proposes to require listed companies to disclose director and CEO remuneration in annual reports on a named basis.

Conduct, Culture & Accountability

ASIC Calls Out Noncompliance With Breach Reporting Regime

28/10/2022

Not enough licensees are reporting, and they are taking too long to identify breaches, investigate them, and finalise remediation.

Structural Regulation

HKMA Confirms Health Arrangements for Upcoming Financial Forum

28/10/2022

Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.

Structural Regulation

Taiwan FSC Proposes Rule Changes for Futures Brokers

28/10/2022

Some futures firms will be able to allocate more of their special surplus reserves towards dividend payments.

Trading & Investment

CommSec, AUSIEX Fined A$27m for Market Integrity Rule Breaches

27/10/2022

CommSec and AUSIEX demonstrated “widespread, systemic compliance failures” over a nine-year period, said ASIC deputy chair Sarah Court.

Anti-Money Laundering

Korea to Increase Scrutiny of Money Laundering Risks via Crypto

27/10/2022

The FSC will increase scrutiny of crypto tokens listed by just a single VASP, stablecoin transaction volumes, and customers making large deposits.

Structural Regulation

FCA Explores Competition Risks from BigTech in Retail Financial Services

27/10/2022

The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.

Trading & Investment

Refinitiv Launches Prototype Forward-Looking €STR Term Rate

27/10/2022

The prototype rate can be used in testing to prepare for the introduction of robust fallback language in EURIBOR contracts.

Structural Regulation

CFTC Grants Exemptions to Three More Singapore RMOs

27/10/2022

The CFTC granted SEF registration exemptions to Bloomberg Tradebook Singapore, SGX FX Markets (BidFX), and Synoption.