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Enforcement
Malaysia SC Charges Former Investment Banker for Deception
By Editors | 19/06/2022
The former Hong Leong investment banker deceived four investors into investing in investment schemes that in reality did not exist, the SC said.
Market Infrastructure
HKEX to Host Preparatory Workshops for New FINI Platform
By Editors | 17/06/2022
HKEX will explain the API development requirements for the new IPO settlement platform, set to launch in June 2023.
Capital / Liquidity
TAIFEX to Launch OTC Derivatives Clearing Service Next Month
By Editors | 17/06/2022
The FSC has granted TAIFEX recognition as a QCCP ahead of the launch, which will boost capital efficiency for market participants.
Securities / Derivatives
Bank of China Issues First Notes Aligned to Updated CGT
By Editors | 17/06/2022
The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.
Market Infrastructure
Japan to Finalise New Derivatives Reporting Regime Soon
By Manesh Samtani | 17/06/2022
The new regime will increase the reportable data elements, the number of reporting entities, and make event-based reporting to a trade repository mandatory.
Securities / Derivatives
China Regulators Issue Notice on Promoting Private Pensions
By Darien Choong | 17/06/2022
The notice encourages FIs to help individuals plan early for retirement and emphasises the need to improve income levels among the elderly.
Capital / Liquidity
HK Clearinghouses Adjusts Capital Requirement for GCPs
By Editors | 16/06/2022
General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.
AML / KYC
SFC Fines China Everbright Securities for AML/CFT Violations
By Editors | 16/06/2022
Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.
Market Infrastructure
Japanese Tax System Derailing Tokyo Hub Ambitions: Report
By Sanday Chongo Kabange | 16/06/2022
The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”
Enforcement
US SEC Penalises Schwab Over Robo-Adviser Disclosures
By Editors | 16/06/2022
High cash balances resulted in lower returns for robo-adviser clients. The effect of this “cash drag” was not disclosed to clients, the SEC said.
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