Enforcement

Enforcement

Scandal-Hit Chinese Drug Maker Faces CSRC Fine

By Garima Chitkara | 17/10/2018

The CSRC’s 600,000 yuan fine on Changsheng Biotechnology for falsifying data for a rabies vaccine form a small part of the 9.1 billion yuan it will have to pay.

Enforcement

S. Korea to Toughen Penalties for Naked Short Selling

By Editors | 15/10/2018

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.

Enforcement

SFC Ramps Up Enforcement Against Capital Market Abuse

By Manesh Samtani | 12/10/2018

Life is about to get very uncomfortable for those who abuse Hong Kong’s capital markets, said the SFC’s Thomas Atkinson at the 2018 Refinitiv Pan Asian Regulatory Summit.

AML / KYC

Technology, Multi-Agency Cooperation in Focus at HKMA

By Manesh Samtani | 11/10/2018

At the Refinitiv Pan Asian Regulatory Summit, HKMA’s Carmen Chu discussed how technology and cooperation with authorities contributes to a safe and clean financial centre.

Enforcement

SFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct

By Manesh Samtani | 10/10/2018

The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.

Enforcement

ASIC Permanently Bans Another Former NAB Branch Manager

By Editors | 09/10/2018

The branch manager knowingly provided false or misleading information and documentation in loan applications and falsely attributed them to a relative for introducer commissions.

Enforcement

RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay

By Editors | 02/10/2018

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.

Enforcement

RBI Consults On Market Abuse Prevention Rules

By Garima Chitkara | 01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Enforcement

Australian Financial Sector Condemned in Royal Commission Interim Report

By Manesh Samtani | 01/10/2018

The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.