Securities / Derivatives

HKEX to Allow Listed Issuers to Hold Treasury Shares

29/10/2023

Hong Kong listed companies will be allowed to buy back, hold and resell their shares, subject to the laws where they are incorporated.

ESG / Sustainability

ASIFMA Issues Recommendations on Carbon Market Development

27/10/2023

A new paper from ASIFMA and King & Wood Mallesons offers recommendations on establishing, regulating and scaling up carbon markets.

ESG / Sustainability

Hong Kong’s Chief Unveils Series of Measures to Boost City

26/10/2023

Stamp duties on property purchases and securities transactions were reduced. A new fund distribution platform will be developed.

Fintech / Regtech

AI-based SupTech Can Improve Market Integrity: Study

25/10/2023

The study highlights the benefits of using AI-based SupTech to improve market integrity, detect misconduct and forecast crises.

AML / KYC

MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

25/10/2023

The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

Capital / Liquidity

US Finalises Climate Risk Framework for Large Banks

25/10/2023

The framework comprises a set of principles that are substantively similar to those proposed in December 2022.

Securities / Derivatives

SFC Takes Issue With Practices of Fund Distributors

24/10/2023

The SFC calls out distributor practices such as offering guaranteed returns, imposing lock-up periods, and lowering dealing frequency.

AML / KYC

FATF Removes Switzerland from Enhanced Follow-Up

24/10/2023

The FATF upgraded Switzerland’s ratings on two recommendations in response to law reforms that took effect at the beginning of 2023.

AML / KYC

FATF Upgrades Japan Ratings on Five Recommendations

24/10/2023

Japan was re-rated from partially compliant to largely compliant on four recommendations and from non compliant to partially compliant on one recommendation.