ESG / Sustainability

IFRS Foundation Releases Adoption Guide for ISSB Standards

29/05/2024

The Jurisdictional Guide describes how different countries are approaching the adoption and other uses of the ISSB Standards.

Crypto / Digital Assets

SFC Warns of Impending Deadline Under VATP Regime

29/05/2024

The SFC will conduct on-site inspections in the coming months to ascertain compliance by the ‘deemed-to-be-licensed’ VATP applicants.

Securities / Derivatives

US Adopts T+1 Settlement Cycle for Securities Transactions

28/05/2024

Canada, Mexico, Argentina and Jamaica implemented a T+1 settlement cycle on Monday and the US on Tuesday.

Fintech / Regtech

MAS Released New Project MindForge Whitepaper

28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

Enforcement

China: Ex-Official Gets Life Sentence for Bribery, Insider Trading

28/05/2024

Cao Guangjing was convicted on bribery charges and for leaking information about the bailout plan of a Hubei listed company.

Sanctions

EU Adopts New Human Rights Sanctions Regime for Russia

28/05/2024

The European Council has concurrently listed one entity and 19 natural persons under the new regime.

Crypto / Digital Assets

US SEC Approves Rule Change for Spot Ether ETFs

27/05/2024

The rule change coincides with a deadline for the SEC to decide whether the VanEck Ethereum ETF could proceed.

Sanctions

G7 to Expand Efforts to Combat Russia Sanctions Evasion

27/05/2024

The G7 Ministers pledged to expand efforts to ensure companies and FIs are not party to Russia’s circumvention schemes.

Securities / Derivatives

Hong Kong REITs Allowed to Repurchase Treasury Units

27/05/2024

The requirements for SFC-authorised REITs are similar to those applicable to other listed entities, following rule amendments made last month.