Clearing & Post-Trade

ASX Responds on Tranche 2 Rule Changes for CHESS Replacement

26/09/2020

The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.

Conduct, Culture & Accountability

New Zealand FMA Warns of Action Against Poor Conduct

25/09/2020

There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.

Conduct, Culture & Accountability

Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes

25/09/2020

Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.

Clearing & Post-Trade

European Commission Grants 18 Months Equivalence to UK CCPs

25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.

KYC & CDD

HKMA Issues Guidance on Remote Onboarding of Corporate Clients

25/09/2020

Onboarding processes should be designed reflecting the principle that CDD is not merely a document collection exercise, the HKMA says.

Structural Regulation

FCA Consults on Regulatory Approach for International Firms

24/09/2020

The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.

KYC & CDD

FMA Blocks CLSA Premium NZ From Offering Derivatives

24/09/2020

The licence conditions will remain in place until CLSA Premium NZ lodges its audit and assurance reports for 2019.

Conduct, Culture & Accountability

ASIC Issues Report on Debt Capital Raising Conflicts of Interest

24/09/2020

ASIC’s report, in alignment with a report from IOSCO, offers better practices to manage conflicts of interest and conduct risks in debt capital market transactions.

Reporting & Disclosures

WEF Announces Common Metrics for ESG Reporting

24/09/2020

The metrics were developed with Deloitte, EY, KPMG and PwC in an open consultation process with corporates, investors, standard-setters, NGOs and international organisations.