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  • Zenus Bank And Visa Extend Partnership, Rolling Out First Visa Infinite Debit Card

    Date 02/03/2023

    Zenus Bank, the digital bank that makes U.S. bank accounts available internationally, without the need to be a U.S. citizen or resident, has become the first bank to launch Visa Infinite Debit Card to a global audience. 

  • Written Reply To Singapore Parliamentary Question On Protection For Singapore Companies Against Short Sellers

    Date 02/03/2023

    Question

    To ask the Prime Minister (a) how are Singapore companies protected against short-selling companies like Hindenburg Report which earn money by betting on stocks falling especially when such reports may not be true; and (b) what safeguards do Singapore investment companies have against such short sellers undermining their assets.

  • Hong Kong Securities And Futures Commission: Investor Identification Regime To Take Effect On 20 March 2023

    Date 02/03/2023

    The Securities and Futures Commission (SFC) reminds the investing public that the Hong Kong investor identification regime (HKIDR) (Note 1) will commence on 20 March 2023. Investors who have not yet responded to their intermediaries’ requests for consent to transferring their client identification information should do so promptly.

    Under the HKIDR and Hong Kong’s data privacy laws, including the Personal Data (Privacy) Ordinance, intermediaries need to obtain individual clients’ express consent to submitting their identification information to the SFC and the Stock Exchange of Hong Kong Limited (SEHK). The information is encrypted in the data repository and accessible only to authorised personnel of the SFC and SEHK. Intermediaries have generally requested clients to provide this consent and update their identification information.

    After the launch of HKIDR, individual investors who have not provided this consent will only be able to sell their securities holdings on SEHK but not buy additional securities.

    “The launch of the investor identification regime is in line with international practices,” said Ms Julia Leung, the SFC’s Chief Executive Officer. “Regulators will have real-time information about investor identity for securities orders. This will no doubt strengthen our market surveillance capability, uphold market integrity and bolster investor confidence.”

    Details of the HKIDR requirements can be found in the “Information for investors” section of the SFC’s dedicated HKIDR webpage.

    End

    Note:

    1. Upon the launch of the HKIDR, relevant licensed corporations and registered institutions are required to tag Broker-to-Client Assigned Numbers (BCANs) to securities orders to be executed on SEHK and to off-exchange trades reportable to SEHK, and submit to the SFC and SEHK their clients’ names and identity information.  

  • Chair’s Remarks At The AICD Australian Governance Summit 2023 - Speech By ASIC Chair Joe Longo At The Australian Institute Of Company Directors’ (AICD) Australian Governance Summit, 2 March 2023.

    Date 02/03/2023

    It is a great pleasure to be speaking with you today, and I look forward to sitting down with AICD CEO Mark Rigotti to answer your questions.

  • Dalian Commodity Exchange Deals With 55 Cases Of Abnormal Trading In February 2023

    Date 02/03/2023

    Dalian Commodity Exchange (DCE) continues to investigate and handle abnormal trading activities and violations for the purposes of performing front-line market supervision responsibilities, regulating futures trading activities, preventing and mitigating market risks and protecting the legitimate rights and interests of market participants. In February 2023, 55 cases of abnormal trading were investigated and handled.