Securities / Derivatives

HKEX to Roll-out New Workflow for Derivatives Position Adjustments

07/09/2021

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

MAS Forms Sustainability Group, Appoints Chief Sustainability Officer

07/09/2021

The new group will coordinate MAS’ green finance and sustainability agenda to strengthen the financial sector’s resilience against environmental risks.

AML / KYC

AUSTRAC Outlines Common Reporting Mistakes – Report

06/09/2021

Reporting mistakes have included incorrectly-used fields, late filings, inconsistent data input, and defensive reporting.

Market Infrastructure

CSRC Issues Draft Rules for Beijing Stock Exchange

06/09/2021

SMEs trading on the NEEQ for at least 12 months will qualify to list on the Beijing Stock Exchange, which will adopt the registration-based IPO system.

Fintech / Regtech

StanChart, NTUC Enterprise to Form Singapore Digital Bank

06/09/2021

A Standard Chartered subsidiary will hold 60 percent of the digital banking venture under a licence obtained from MAS in December.

Securities / Derivatives

SEBI Directs Fund Managers to Disclose Risk in All Promo Materials

06/09/2021

SEBI has clarified that asset managers should disclose scheme “risk-o-meters” in all disclosures including promotional material from 1 October.

ESG / Sustainability

Philippine SEC to Make Sustainability Reporting Mandatory

06/09/2021

Publicly listed companies will be required to submit sustainability reports separate from their annual reports from 2023.

ESG / Sustainability

Australian Banks to Complete First CVA Analysis by Year-End

06/09/2021

APRA has released a new paper describing the Climate Vulnerability Assessment now underway at Australia’s five largest banks.

Crypto / Digital Assets

US SEC Charges BitConnect for $2bn Cryptocurrency Fraud

06/09/2021

BitConnect promised investors lucrative returns through the use of a proprietary trading bot, but investor funds were siphoned off by the company’s founder and others.