Capital / Liquidity

MAS Finalises Notice for Implement Basel III Reforms

21/09/2023

The revised MAS Notice 637 will be effective from 1 July 2024. An additional year is provided for compliance with revised market risk and CVA standards.

Securities / Derivatives

US SEC Adopts Amendments to Fund Naming Rules

21/09/2023

The new rules will help ensure that a fund’s portfolio aligns with a fund’s name and help to better protect investors, said SEC chair Gary Gensler.

Market Infrastructure

JSCC Allows MTFs and SEFs to Clear Swaps Without Take-up Process

21/09/2023

Tradeweb said the decision to replace the “time-consuming and redundant” take-up process will enable clients to benefit from fully automated workflows.

ESG / Sustainability

Bursa Malaysia Issues Report to Enhance Sustainability Disclosures

21/09/2023

The “Illustrative Sustainability Report” will help listed issuers prepare for implementation of Malaysia’s Enhanced Sustainability Reporting Framework.

Crypto / Digital Assets

Lawmaker to Propose Taiwan’s First Dedicated Virtual Assets Law

21/09/2023

The law covers 12 aspects, including a licensing system for virtual assets businesses, rules for their operations, and prohibitions on unfair trading practices.

ESG / Sustainability

Verra Consults on First Iteration of Nature Framework

20/09/2023

The Framework outlines how projects can generate Nature Credits, which represent positive investments in nature and can contribute to the GBF goals and targets.

Four Jurisdictions “Slow” on Approvals for UBS-Credit Suisse Merger

20/09/2023

Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.

AML / KYC

HK Police Force Hosts First-ever Cyber Policing Symposium

20/09/2023

Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.

AML / KYC

Companies Commission of Malaysia’s Ravin Kaur Highlights Money Laundering Risks in Shell Companies

20/09/2023

Ravin Kaur, Senior Policy Advisor, AML/CFT Expert at Companies Commission of Malaysia, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, she shared how shell companies are being exploited for money laundering and transnational crime. She called for regulators and gatekeepers to conduct better customer due diligence when onboarding corporate entities to prevent misuse of shell companies.