ESG / Sustainability

JPX Launches ‘Knowledge Hub’ to Promote ESG Investment, Disclosure

23/11/2020

The ESG Knowledge Hub provides information and guidance on ESG disclosure and investment from institutional investors, regulators, government and listed companies.

Capital / Liquidity

HKMA Updates Rules for Banks’ Equity Investments in Funds

22/11/2020

The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.

AML / KYC

South Pacific Nations Complete First Phase of KYC Facility Project

22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.

Market Infrastructure

FSC Korea Set to Implement Financial Benchmark Act

22/11/2020

The FSC has enacted an enforcement decree setting out the requirements for benchmark administrators, contributors and users.

Enforcement

ASIC Orders Fund Manager to Stop Misleading Radio Advertising

22/11/2020

The stop order prohibits Skyring Funds Management from comparing its fixed income fund to bank-issued deposit products in advertising.

MAS Finalises New Rules for Insurers Managing Par Funds

22/11/2020

New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.

Market Infrastructure

Industry Bodies Call For Delay to EU Third-country Benchmarks Regime

22/11/2020

ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.

Capital / Liquidity

SGX to Enhance Clearing Member Default Management Process

22/11/2020

SGX proposes to align CDP’s default management practices with global standards and improve the efficiency and speed with which defaults may be resolved.

Securities / Derivatives

UPDATED – First Brokers Approved to Use TSE’s CONNEQTOR Platform

22/11/2020

CONNEQTOR enables institutional investors who want to trade a particular ETF at a particular quantity to send an RFQs to market makers.