ESG / Sustainability

TAIFEX to Launch ESG and Biotech Futures Contracts

25/05/2020

The ESG Index Futures contract will track the performance of TWSE listed companies that meet the globally recognised ESG standards used by the FTSE4Good Index Series.

Market Infrastructure

SEBI Allows Quicker Upgrades of ‘Cured’ Defaulters by Rating Agencies

25/05/2020

Companies may no longer need to wait months for their credit status to be upgraded after a default is ‘cured’ and payments are regularised.

AML / KYC

Myanmar: YSX, Securities Firms Directed to Enhance AML Controls

25/05/2020

The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.

Market Infrastructure

ASX Responds on Tranche 1 Rule Changes for CHESS Replacement

25/05/2020

ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.

Securities / Derivatives

CSRC to Optimise Classification System for Securities Firms

25/05/2020

The changes are aimed at ensuring the classification system encourages firms to maintain focus on risk management capabilities and continuous compliance.

Securities / Derivatives

Taiwan Considers Establishing New Market for SMEs

25/05/2020

Only professional investors would be allowed to buy or sell shares on the new platform, which would be independent of Taiwan’s other fundraising markets.

Securities / Derivatives

Australian Treasury Bans ‘Conflicted’ Commissions Paid on LICs

24/05/2020

Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.

Market Infrastructure

Hong Kong: National Security Law Expected to Cause Capital Flight

24/05/2020

Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing’s plan to impose national security legislation in Hong Kong.

Enforcement

CSRC Accuses Guangdong Fund Manager of Lying to Investors

24/05/2020

Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.