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Latest News - Regulation and Compliance

SFC fines Merrill Lynch Asia entities for internal control lapses

  • Published: 27 Mar 2017

The Securities and Futures Commission (SFC) of Hong Kong has reprimanded and fined Merrill Lynch Far East (MLFE) and Merrill Lynch Asia Pacific (MLAP) a combined amount of HK$15m ($1.93m) for internal control failures.. read more

China eases licensing rules for foreign banks

  • Published: 22 Mar 2017

The China Banking Regulatory Commission (CBRC) has eased licensing requirements for foreign banks to boost competition in the sector.. read more

UBS to face trial in France over tax fraud charges

  • Published: 21 Mar 2017

Swiss banking giant UBS and its French unit are set to face trial in France over allegations of helping wealthy clients dodge taxes and money laundering.. read more

UK government to create anti-money laundering watchdog

  • Published: 20 Mar 2017

The government of UK has announced plans to launch a new anti-money laundering watchdog in order to tighten its defences against money laundering and terrorist financing.. read more

World capital market regulators pick Malaysia for Asia-Pacific hub

  • Published: 15 Mar 2017

The International Organization of Securities Commissions (IOSCO), the global body of capital market regulators, has launched it’s first-ever Asia Pacific hub in Malaysia.. read more

Manulife receives licence to launch investment products from Shanghai unit

  • Published: 15 Mar 2017

Manulife has received an Investment Company Wholly Foreign-Owned Enterprise (WFOE) licence in China.. read more

Japanese, British regulators sign fintech co-operation agreement

  • Published: 10 Mar 2017

The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have signed an agreement to expand cooperation on fintech.. read more

UK Budget 2017: Wealth managers express surprise over tax raid on dividends

  • Published: 9 Mar 2017

Philip Hammond, Britain’s chancellor of the exchequer, has slashed the annual tax-free dividend allowance to £2,000 from £5,000 as government believes wealthy individuals are exploiting the allowance.. read more

Abu Dhabi and Portugal regulators sign cross-border cooperation agreement

  • Published: 8 Mar 2017

Abu Dhabi Global Market (ADGM) and Portuguese securities market commission CMVM have inked a memorandum of understanding (MoU) to strengthen cross-border collaboration in financial markets.. read more

ADGM, National Bank of Serbia sign MoU to enhance cross-border financial supervision

  • Published: 7 Mar 2017

Abu Dhabi Global Market (ADGM) and the National Bank of Serbia (NBS) have inked a memorandum of understanding (MoU) to boost cross-border collaboration in their financial markets.. read more

deVere Group secures investment banking licence in Mauritius

  • Published: 7 Mar 2017

British financial advisory firm deVere Group has obtained an investment banking licence from the Financial Services Commission of Mauritius.. read more

CIMB-Principal gets licence to invest directly into Chinese capital markets

  • Published: 7 Mar 2017

CIMB-Principal Asset Management has become the first Malaysian asset management firm to receive RQFII licence from the China Securities Regulatory Commission.. read more

DIFC signs cooperation agreement with GIFT

  • Published: 28 Feb 2017

Dubai International Financial Centre (DIFC) has inked a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) to boost collaboration between the two financial centres.. read more

Dubai’s DFSA and European securities watchdog sign bilateral co-operation agreement

  • Published: 24 Feb 2017

The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have inked a memorandum of understanding (MoU) to facilitate mutual cooperation and information exchange between the two parties.. read more

UK and Canada regulators collaborate to support fintech innovation

  • Published: 23 Feb 2017

The UK’s Financial Conduct Authority (FCA) has signed an agreement with Canadian regulator Ontario Securities Commission (OSC) to support fintech startups in the two jurisdictions.. read more

Abu Dhabi, Australia regulators sign cross-border collaboration agreement

  • Published: 17 Feb 2017

Abu Dhabi Global Market (ADGM) and Australian Prudential Regulation Authority (APRA) have inked a memorandum of understanding (MoU) to support cross-border collaboration in their financial markets.. read more

New York announces new cybersecurity regulations

  • Published: 17 Feb 2017

New York governor Andrew Cuomo has announced a cybersecurity regulation that will protect consumer data and financial systems from terrorist organisations and other cyber criminals.. read more

Abu Dhabi, Malta regulators sign cross-border cooperation agreement

  • Published: 16 Feb 2017

Abu Dhabi Global Market (ADGM) and the Malta Financial Services Authority (MFSA) have signed a memorandum of understanding (MoU) to strengthen cross-border cooperation for the supervision of financial institutions.. read more

Morgan Stanley to pay $8m to settle inverse ETF investment charges

  • Published: 15 Feb 2017

Morgan Stanley Smith Barney has agreed to pay a fine of $8m to the US Securities and Exchange Commission (SEC) to settle charges of single inverse ETF investments that the firm recommended to advisory clients.. read more

Finma fines Coutts for 1MDB-related breaches

  • Published: 3 Feb 2017

Swiss financial market supervisor Finma has fined private bank Coutts & Co CHF6.5m for flouting money laundering regulations linked to scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).. read more


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