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Enforcement
Korean Regulators Become Latest Signatories to IOSCO EMMoU
By Editors | 07/12/2018
South Korea’s FSC and FSS have jointly become the 10th member of IOSCO’s EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.
Enforcement
Soros-Linked Fund Manager Fined in Hong Kong for Naked Short Selling
By Editors | 07/12/2018
SFM HK Management Ltd, owned by New York’s Soros Fund Management, was fined HK$1.5mn for short selling Great Wall Motors bonus shares before they were available for trading.
Capital / Liquidity
SFC Revised Code for Funds to Take Effect from January 2019
By Manesh Samtani | 07/12/2018
Amended ‘Code on Unit Trusts and Mutual Funds’ to take effect in January with 12-month transition period. Proposals on classification of derivatives funds have been revised.
Crypto / Digital Assets
Singapore’s First Crypto Litigation Highlights Need for Regulatory Clarity
By Manesh Samtani | 03/12/2018
The outcome of B2C2 v. Quoine could inform regulators’ considerations on the next set of rules for crypto exchanges, which in time may provide greater clarity for investors.
Market Infrastructure
HKIFA Seeks Loosening of HK-China MRF Restrictions
By Editors | 27/11/2018
The industry association has been working with EY on proposals aimed at making it easier to distribute Hong Kong-based funds into China through the mutual recognition scheme.
Big Picture
“Good Progress” On OTC Reform Among G20 Nations – FSB
By Garima Chitkara | 21/11/2018
The FSB found progress in OTC reform implementation on among 24 member jurisdictions, with great strides on trade reporting and higher capital on non-centrally cleared derivatives.
Securities / Derivatives
SFC Begins Thematic Review to Assess Risk at Licensed Corporations
By Garima Chitkara | 19/11/2018
The regulator will conduct a review of selected firms in Hong Kong with a view to understanding risks arising from remote risk booking, operational risk and data risk.
Press Release
Regulation Asia Awards ‘Law Firm of the Year’ to Herbert Smith Freehills
By Editors | 15/11/2018
Herbert Smith Freehills has been awarded Law Firm of the Year in the inaugural Regulation Asia Awards for Excellence 2018.
Crypto / Digital Assets
Crypto Players Welcome Hong Kong Regulation
By Garima Chitkara | 06/11/2018
New regulation could lead to industry consolidation and greater institutional money, said panellists at ASIFMA’s annual conference in Singapore.
Crypto / Digital Assets
Hong Kong Targets Investor Protection in New Approach to Crypto Regulation
By Manesh Samtani | 02/11/2018
The SFC will bring crypto-asset portfolio managers, fund distributors and eventually exchanges under its regulatory net, said Ashley Alder at Hong Kong Fintech Week.
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