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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.
Securities / Derivatives
Hong Kong FRC Issues Guidance for Audit Committees
20/12/2021
The guidelines are intended to help audit committees adopt best practices in selecting auditors that will enhance the quality of corporate reporting.
ESG / Sustainability
ESG Products, Retail Investors to Propel Asia Derivatives Market
20/12/2021
in 2022, Asia derivatives market growth will be driven by ESG-related products and increased retail investor participation.
Big Picture
Global Debt Reached Record $226tr in 2020: IMF
20/12/2021
The debt surge has amplified vulnerabilities and constrained the ability of governments and the private sector to support the recovery.
Enforcement
Japan SESC Recommends Fine for Insider Trading on Crypto Hack
20/12/2021
An individual who learned about the July 2019 theft of cryptocurrency from BITPoint Japan sold shares in its parent before the hack was publicly disclosed.
Market Infrastructure
FSB Calls For Papers on NBFI Risks and Policy Remedies
20/12/2021
The papers will be used to advance the FSB’s understanding of systemic risks in NBFI and specific policy approaches that may be used to address them.
Securities / Derivatives
SEBI Grants Mutual Funds More Time to Comply with New Norms
20/12/2021
SEBI has issued new guidelines on the use of pool accounts by mutual funds and deferred implementation of new risk management and benchmarking norms.
ESG / Sustainability
Malaysia SC Seeks Feedback on Principles-based SRI Taxonomy
20/12/2021
The Sustainable and Responsible Investment taxonomy features environment, social and sustainability components, as well as guiding principles on transition finance.
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