SECURITIES / DERIVATIVES

Securities / Derivatives

FSC Korea to Amend Stock Market Listing and Delisting Rules

By Manesh Samtani | 28/01/2025

The reforms are aimed at improving the quality of listed companies, and ensuring underperforming companies are removed more quickly.

Enforcement

Hang Seng Bank Fined for Mis-selling Investment Products

By Sanday Chongo Kabange | 28/01/2025

SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.

Market Infrastructure

Bursa Malaysia Appoints RHB Banker as New Chief Executive

By Nithya Subramanian | 28/01/2025

Dato’ Fad’l Mohamed will take over as CEO on 1 March 2025, bringing over 30 years of capital markets experience.

Capital / Liquidity

US Treasury Clearing Mandate Should be Postponed: ISDA

By Thisanka Siripala | 28/01/2025

ISDA says a number of issues remain unresolved and the number of in-scope entities around the world will likely run into the thousands.

Securities / Derivatives

China Invites Foreign FIs to Test New Financial Products in FTZs

By Manesh Samtani | 28/01/2025

Approvals to establish banking, insurance, securities, futures, or fund management subsidiaries in the FTZs will take a maximum 120 days.

AML / KYC

UK FCA Calls on Brokers to Enhance AML Systems and Controls

By Mark Johnston | 27/01/2025

The FCA offers recommendations to improve risk assessments, KYC/CDD, governance, and transaction monitoring, among other areas.

Market Infrastructure

Hong Kong Moves Closer to Fully Paperless Securities Market

By Sanday Chongo Kabange | 27/01/2025

Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies

Market Infrastructure

SGX RegCo to Review Query Regime to Ensure Consistency in Approach

By Nithya Subramanian | 27/01/2025

Tan Boon Gin said SGX RegCo will conduct a review of its query regime to see if it has been applying the materiality principle consistently

Market Infrastructure

ASX Offers Explanation for December 2024 Market Disruption

By Sanday Chongo Kabange | 27/01/2025

ASX implemented a software fix, waived fail fees from 20-31 December 2024, and will distribute A$1mn in rebates to settlement participants.