Securities / Derivatives

SEBI to Restrict Corporate Guarantees Extended by Listed Companies

09/03/2020

Under the proposal, listed companies will only be allowed to provide guarantees based on “economic interest”, and subject to prior approval from the majority of minority shareholders.

Securities / Derivatives

Myanmar to Open Stock Market to Foreign Investors from 20 March

09/03/2020

Both resident and non-resident foreign investors, including overseas brokers and banks, will be allowed to open securities accounts with local brokers to trade on the Yangon Stock Exchange.

Market Infrastructure

Taiwan to Launch New Credit Reporting Platform at End-March

09/03/2020

The TWSE says the new platform will enhance risk management for securities firms and banks, which currently use different platforms to perform credit checks.

Market Infrastructure

Standard Chartered-backed Virtual Bank to Launch Later This Year

09/03/2020

Standard Chartered, PCCW, HKT and Trip.com will launch ‘Mox Bank’ later this year, introducing an all-in-one numberless bank card.

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.