Singapore market misconduct procedure. Effective immediately, the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force will jointly investigate market misconduct offences such as insider trading and market manipulation under Part XII of the Securities and Futures Act. (3/17/2015) MAS press release.
ASIC facilitates off-shore firms’ exemption requests. The Australian Securities & Investments Commission (ASIC) clarified the documentation that foreign financial services firms should provide when applying for class order exemptions to conduct business in Australia. (3/13/2015) ASIC press release.
ASIC publishes ninth market supervision report. ASIC published its ninth report on the supervision and surveillance of Australian financial markets and market participants. The report, which covers July to December 2014, discusses the key outcomes of ASIC’s Market and Participant Supervision and Market Integrity Enforcement teams, highlighting ASIC’s direct engagement with market participants to address concerns about market conduct. (3/12/2015) ASIC press release.
Singapore signs MoU with European regulator. MAS and the European Securities and Markets Authority (ESMA) signed a Memorandum of Understanding establishing cooperation arrangements regarding Central Counterparties (CCPs) in Singapore that have applied for recognition under the European Markets Infrastructure Regulation (EMIR). (3/9/2015) MAS press release.