ESG / Sustainability

ESMA Consults On Rules For ESG Rating Providers

07/05/2025

Among other things, the draft RTS sets out the information non-EU firms must provide when seeking recognition in the EU.

Securities / Derivatives

Thai Mutual Funds to Gain Greater Flexibility to Invest in Foreign Funds

07/05/2025

The SEC is proposing to allow Thai mutual funds to invest in alternative CIS structures such as commodity-based trusts

Enforcement

TikTok Fined for Breaching GDPR With China Data Transfers

07/05/2025

TikTok was fined EUR 530 million and is required to bring its data processing into compliance with GDPR within six months.

Securities / Derivatives

JSDA Proposes to Remove Redundant Rules for PTS Operators

07/05/2025

The amendments are in response to new regulations that directly place reporting and publication requirements on operators of Proprietary Trading Systems.

Enforcement

China NFRA Updates Rules on Administrative Penalties

07/05/2025

The rules have been expanded in scope to include financial holding companies and strengthen protections for parties subject to penalties.

Securities / Derivatives

Japan Launches Registration System for Fund Manager Services

06/05/2025

Firms providing accounting, compliance and legal services to asset management firms can voluntarily register on the new system.

Securities / Derivatives

Korea to Allow Direct Fund Sales by Foreign Asset Managers

06/05/2025

South Korea will allow foreign asset managers to establish local subsidiaries to directly market affiliated funds to domestic institutional investors

ESG / Sustainability

TOCOM to Oversee First Green Hydrogen Trial Auction

06/05/2025

The trial auction is part of Tokyo’s efforts to establish a hydrogen exchange and promote the adoption of hydrogen energy.

Market Infrastructure

Taiwan Central Bank Battles Currency Speculation as TWD Soars

06/05/2025

The central bank intervened in the market and cautioned against “irresponsible speculation”. The FSC held emergency meetings with life insurers, which have significant US bond holdings.