News Centre

ASIC And IOSCO Report On Conflicts Of Interest Within Debt Capital Raising Process

Date 22/09/2020

ASIC has today issued Report 668 Allocations in debt capital market transactions (REP 668).

Bursa Malaysia Securities Publicly Reprimands And/Or Fines Asdion Berhad And 5 Directors

Date 22/09/2020

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded Asdion Berhad (ASDION) and 5 of its directors for breaches of the Bursa Malaysia Securities ACE Market Listing Requirements (ACE LR). In addition, 5 directors of ASDION were imposed total fines of RM145,000.

Shanghai International Energy Exchange Has Released Its Notice On The Approval Of Dalian Petrochina International Warehousing & Transportation Co., Ltd. To Increase Active Storage Capacity For Crude Oil Futures

Date 22/09/2020

Shanghai International Energy Exchange has released its Notice on the Approval of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to Increase Active Storage Capacity for Crude Oil Futures as follows:

This is to acknowledge our receipt of the application of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to increase the active storage capacity for crude oil futures. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby issue the following response based on inspection and review results:

We approve the approved storage capacity of Dalian PetroChina International Warehousing & Transportation Co., Ltd. International Oil Storage located on No.31 New Port Nei Hai Nian Road, Dalian Bonded Area, Liaoning Province, to be increased from 1,200,000m3 to 1,800,000 m3, and the active an storage capacity to be increased from 1,200,000m3 to 1,800,000 m3."

ASIC Tells Fund Managers To Be ‘True To Label’

Date 22/09/2020

A recent ASIC surveillance has found that fund managers must do more to ensure their products are ‘true to label’ – that the product name aligns with the underlying assets.  

New Zealand Financial Markets Authority Prevents CLSA Premium NZ Limited (Formerly KVB Kunlun) From Offering Derivatives To Retail Investors

Date 22/09/2020

The Financial Markets Authority (FMA) has imposed conditions on the derivatives issuer licence of CLSA Premium New Zealand Limited (CLSAP NZ) that prevent the firm from making an offer to, or receiving further funds from, retail investors in relation to derivatives, except in certain limited circumstances.

ASIC Enforcement Update January To June 2020

Date 22/09/2020

ASIC has today released its enforcement update report for the period 1 January to 30 June 2020.

New Research: Two FINRA Foundation Studies Explore Links Among Financial Knowledge, Cognitive Health, And Financial Decision Making In Older AmericanI

Date 21/09/2020

The FINRA Investor Education Foundation, in collaboration with researchers from Rush University Medical Center, released two studies today examining links among financial and health knowledge, cognitive health and financial and health decision making among older persons.  

US Department Of Justice: U.S. Taxpayer In Panama Papers Investigation Sentenced To Prison

Date 21/09/2020

A former U.S. resident and taxpayer was sentenced in the Southern District of New York to four years in prison for wire fraud, tax fraud, money laundering, false statements, and other charges. 

Coronavirus Aid, Relief, And Economic Security Act, Federal Reserve Chair Jerome H. Powell, Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

Date 21/09/2020

Chairwoman Waters, Ranking Member McHenry, and other members of the Committee, thank you for the opportunity to update you on our ongoing measures to address the hardship wrought by the pandemic. The Federal Reserve, along with others across government, is working to alleviate the economic fallout. We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy.

SEC FinHub Staff Statement On OCC Interpretation

Date 21/09/2020

The Securities and Exchange Commission Strategic Hub for Innovation and Financial Technology Staff (FinHub Staff) issues this statement on an interpretation published by the Office of the Comptroller of the Currency (OCC Interpretation) addressing the authority of national banks and federal savings associations to hold stablecoin reserves. The OCC has limited its Interpretation to holding reserves of a stablecoin associated with hosted wallets that is backed by a single fiat currency and redeemable by the holder of the stablecoin on a 1:1 basis for the underlying fiat currency upon submission of a redemption request to the issuer.