Market Infrastructure

China to Expand Shanghai-London Stock Connect

21/12/2021

Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.

Market Infrastructure

‘SOFR First’ Concludes with Publication of User Guide

21/12/2021

The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.

Fintech / Regtech

Global Regulatory Framework for Crypto Likely Next Year

21/12/2021

Benoît Cœuré said the “wake-up call” for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.

ESG / Sustainability

TWSE Expands Scope of Sustainability Reporting Rules

21/12/2021

All TWSE listed companies with paid-in capital above TWD 2 billion will mandatorily have to file sustainability reports from 2023 onwards.

AML / KYC

HKMA Fines ePaylinks Technology for AML/CTF Breaches

20/12/2021

SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.

Securities / Derivatives

UBS, China Life to Set Up Asset Management JV – Report

20/12/2021

China Life and UBS have reportedly signed an MoU to set up the joint venture, though the formal launch will be subject to approval from the CBIRC.

Enforcement

Taiwan FSC to Raise Fines for Securities Investment Trust Businesses

20/12/2021

The maximum fine for violations by securities investment trust and securities investment consulting businesses will rise from TWD 3mn to TWD 15mn.

Securities / Derivatives

OJK Indonesia Suspends Granting of New Asset Management Licences

20/12/2021

OJK said the moratorium will allow it to evaluate governance, capacity and prudential practices in the mutual fund industry.

ESG / Sustainability

Korea FSC, KRX Launch ESG Information Platform

20/12/2021

The platform provides information about listed companies’ ESG activities, ratings, sustainability reports and environmental disclosure information.