Securities / Derivatives

NZX Confirms Effective Date of Listing Rule Changes

12/12/2023

NZX will permit accelerated non-renounceable entitlement offers, known as ANREOs, if doing so is in the best interests of the issuer, and subject to additional safeguards.

ESG / Sustainability

Shenzhen, Saudi Exchanges to Cooperate on Capital Markets

12/12/2023

The exchanges will cooperate in areas including ESG, fintech, cross-listings, as well as index, fund and REIT products.

Securities / Derivatives

Bursa Malaysia Launches First Currency Futures Contract

12/12/2023

The new Mini USD/CNH Futures contract was launched through a licensing agreement established with HKEX.

Market Infrastructure

China Issues Draft Cybersecurity Incident Reporting Rules

12/12/2023

The rules require “large, severe, or extremely severe” cybersecurity incidents to be reported within one hour.

Korea Reactivates Corporate Restructuring Law to Avert Bankruptcies

12/12/2023

The law has lapsed and been re-enacted several times, but is recognised as a useful system to help companies return to normal operations.

Enforcement

UK to Launch New Unit to Investigate Trade Sanctions Violations

12/12/2023

The Office of Trade Sanctions Implementation is expected to begin its civil enforcement activities sometime in early 2024, the UK government says.

Sanctions

EU Expands Sanctions on Myanmar Junta and Supporters

12/12/2023

EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.

Market Infrastructure

China Issues New Rules to Boost Cross-Border Trade and Investment

12/12/2023

Technology firms can more easily borrow funds from overseas and foreign-invested firms can more easily invest funds raised overseas for domestic reinvestment.

AML / KYC

Singapore: Resorts World Sentosa Fined for AML Failures

11/12/2023

Resorts World Sentosa did not perform customer due diligence checks and identity verification when receiving cash from third party depositors.