APRA Seeks Increased Transparency on Super Fund Spending

11/10/2023

APRA wants to disclose super fund expenses for marketing, sponsorships, related parties, industry bodies, director and executive remuneration, and political donations.

ESG / Sustainability

ICMA Publishes Analysis of Greenwashing Risks

10/10/2023

ICMA says greenwashing is not prevalent in the sustainable bond market, but is an issue in the sustainable funds space.

AML / KYC

US SEC Adopts Shorter Deadlines for Reporting Beneficial Ownership

10/10/2023

Investors will be required to report in five days rather than ten days if they beneficially own more than 5 percent of a stock.

Capital / Liquidity

SEBI Imposes Capital Rule on Execution-only Mutual Fund Platforms

10/10/2023

Category-II EOPs will be required to maintain at least INR 1 million (USD 12,000)  in capital with the stock exchange.

ESG / Sustainability

Singapore Publishes Criteria for Acceptance of Carbon Credits

10/10/2023

Carbon credits from other countries can only be used by carbon tax-liable companies in Singapore if they fulfill seven eligibility criteria.

Australia Consults on Aligning Timing of Super Payments With Wages

10/10/2023

Employers tend to make super payments quarterly, even though employees are typically paid in fortnightly or monthly pay cycles.

Crypto / Digital Assets

UK FCA Issues 146 Alerts Against Crypto Firms

09/10/2023

The alerts came soon after new rules took effect prohibiting crypto firms from advertising to UK consumers without the FCA’s authorisation.

Fintech / Regtech

RBI Allows Banks to Introduce Card Token Facilities

09/10/2023

Card token creation has until now only been available through merchant applications or websites, not issuer banks.

Enforcement

Korean Investors Warned About Illegal Overseas Trading

09/10/2023

The FSC and FSS say there has been a recent increase in the number of foreign investigations involving Korean investors.