Enforcement

Taiwan FSC Fines Shanghai Commercial & Savings Bank

30/11/2023

The FSC fined Shanghai Commercial and Savings Bank over leaks of personal data involving 14,000 bank customers.

Securities / Derivatives

HKEX Issues Consolidated Guide for New Listing Applicants

30/11/2023

The guide will better equip listing applicants and their advisers to understand HKEX’s listing requirements, says head of listing Katherine Ng.

ESG / Sustainability

HKMA Sets Standards for Sale of Green & Sustainable Investment Products

30/11/2023

Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.

AML / KYC

HKMA Fines Local Branch of CA Indosuez for AMLO Breaches

30/11/2023

The HKMA fined CA Indosuez’s Hong Kong branch for failing to continuously monitor business relationships with some clients.

Fintech / Regtech

APRA Calls on Firms to Improve Data Risk Management Practices

29/11/2023

APRA outlined multiple areas where improvements can be made to improve the data management practices of banks, insurers, and superannuation trustees.

ASIC Issues New Guidance on Financial Adviser Registration

29/11/2023

ASIC’s new guidance is to help financial advisers who service retail clients to register before the 1 February 2024 final deadline.

ESG / Sustainability

HK FSTB Consults on Paperless Corporate Communications

29/11/2023

Listed and non-listed companies incorporated in Hong Kong would be allowed to rely on implied consent for disseminating corporate communications by means of website.

ESG / Sustainability

HKEX and China Beijing Green Exchange Partner on ESG

29/11/2023

HKEX and CBGEX will cooperate on building an ESG ecosystem and collaborate on promoting green and sustainable finance.

AML / KYC

HKMA Launches New Service to Alert FPS Users of Potential Fraud

29/11/2023

The new alert mechanism will alert banking customers when an FPS proxy ID is flagged as “High Risk” on the Scameter search engine.