02/15/2021
RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions
Existing investors in NBFCs may continue with their investments and bring in additional investment to support continuity of business in India.
Legal, Regulation & Compliance
02/12/2021
ASIC 'very supportive' of quality limited advice
Falinski referred to limited personal advice as being a “very dangerous form of advice” and suggested it was doing consumer harm and asked what action ASIC was taking to shut it down.
02/12/2021
Hong Kong trade pact pushed
According to Mrs Auramon, Thai exporters are entitled to myriad benefits from the pact, notably for trade in goods for which Hong Kong has already waived customs duties.
02/12/2021
Aecurities aSEC takes off Strategic Plan 2021-2023 using 8 key strategies to achieve 5 goals for stronger capital marketnd Exchange Commission
SEC has also taken into consideration the megatrends and views of stakeholders in all areas to further develop the Thai capital market.
02/12/2021
BSP Lowers Minimum Balance for Investment Management Accounts
The central bank additionally has reduced the required investment per management account in a commingled fund from PHP 1 million to PHP 100,000.
02/12/2021
Progress in the handling of banking complaints by HKMA
A table summarising the progress made in the handling of banking complaints by the HKMA is attached.
02/12/2021
Ponzi schemer succeeds at appeal
The court of appeal found that evidence from two witnesses should not have been admitted at his trial.
02/12/2021
Over 40 Firms Parties to Apply for Digital Bank Licence: BNM
At least five banks – CIMB, Affin Bank, Hong Leong Bank, AMMB Holdings and Standard Chartered – have also signalled their interest in pursuing a licence.
02/12/2021
ASIC permanently bans former Sydney financial adviser
ASIC determined that a permanent ban from the provision of financial services was appropriate given the Court’s findings.
02/12/2021
The RBA could increase its QE program at any time
There is nothing stopping Martin Place tweaking the size of the program at any time, just as it did with the Term Funding Facility in September 2020.
02/11/2021
Taiwan’s BLF bans firms from mandates after corruption charge, to end contracts
The BLF says it has sacked Yu and is demanding compensation from the three firms.
02/11/2021
Bank worker pleads guilty to $3.75m theft a decade after CBA failed to report crime
The bank made the decision in 2010 not to report the $3.75 million theft despite Mr Vrettakos making full admissions at the time and offering to provide information implicating other members of staff.
02/11/2021
SEC seeks public comments on the proposed regulation for defining suspicious circumstances that the auditor must report to the Audit Committee
SEC therefore proposes the principle and the draft regulation which would require the auditor to report to the Audit Committee of securities company
02/11/2021
BOJ Surpasses GPIF as Largest Holder of Japanese Equities
The BOJ also earned JPY 675.9 billion yen in dividends during the first half of fiscal 2020, outstripping the JPY 552.4 billion in interest it earned from Japanese government bonds for the first time.
02/11/2021
Bursa Malaysia, Alliance Bank Establish Data Partnership to Help SMEs
The partnership forms part of Bursa Malaysia’s strategy to expand its data business to suit a wider group of stakeholders beyond traditional capital market products.
02/10/2021
SFC consults on conduct requirements for bookbuilding and placing activities
The proposals were formulated based on recent reports issued by the International Organization of Securities Commissions
02/10/2021
CBIRC Issues Rules on Evaluating Performance of Bank Directors
The rules set out the basic duties and specific obligations of directors and supervisors
02/10/2021
Philippine SEC Tightens Rules on Beneficial Ownership of Shares
Under the SEC’s new guidelines, corporations, aside from publicly listed companies
02/10/2021
ASIC imposes additional licence conditions on Poynter Hargraves Financial Consultants Pty Ltd
Poynter Hargraves will also be required to remove its sole responsible manager and appoint one or more responsible managers with the necessary skills and experience.
02/10/2021
Hong Kong lags behind on the percentage of female directors on the boards of listed companies
HKICS issues a 'Call to Action' for regulatory imposition of a 30% target to be achieved over a six-year period for Hong Kong