Market Infrastructure

HKMA Invites Tenders to Enhance Payments, Securities Infrastructures

09/03/2020

The HKMA is inviting tenders to provide consultancy services to help enhance its core financial market infrastructures, particularly in the areas of payments and securities.

AML / KYC

UK Plans New Levy on FIs to Help Combat Money Laundering – Report

09/03/2020

The Economic Crime Levy is expected to come into force in the next 2-3 years to raise money for new technology for law enforcement and to hire more financial investigators.

Securities / Derivatives

HKEX Sets Tentative Launch Dates for VCM, POS Enhancements

09/03/2020

The volatility control mechanism will be expanded to over 500 stocks in May 2020. The enhanced pre-opening session for stocks and listed funds will be introduced in October 2020.

Securities / Derivatives

Bursa Malaysia to Add Anti-Corruption Measures to LEAP Market Rules

09/03/2020

Bursa Malaysia seeks feedback on whether the requirements for LEAP Market companies to implement anti-corruption and whistle-blowing measures should be principle-based or prescriptive.

ESG / Sustainability

FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures

08/03/2020

The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.

Securities / Derivatives

Hong Kong Bourse Publishes Updated ESG Reporting Guidance

08/03/2020

The additional guidance follows a December decision to make certain ESG disclosures mandatory, effective for financial years commencing on or after 1 July 2020.

AML / KYC

Philippine Lawmakers Warned of Urgent Need to Pass AML Reforms

08/03/2020

The AMLC has urged lawmakers to quickly pass legislative amendments to address AML/CTF deficiencies to avoid being grey- or black-listed by the FATF.

AML / KYC

FATF Issues Guidance Paper on Digital Identity Systems

07/03/2020

The guidance recommends a risk-based approach which relies on a set of assurance frameworks and technical standards for digital ID systems.

Securities / Derivatives

SEBI Proposes New Service to Simplify Shareholder E-Voting

06/03/2020

SEBI proposes to enable access to multiple e-voting service providers through a single login and authentication at the depository level.