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.

Securities / Derivatives

SEBI Forms 16 Working Groups to Focus on Rule Simplification

09/10/2023

SEBI is additionally inviting suggestions from the public and regulated entities on ways to simplify, ease and reduce cost of compliance.

Securities / Derivatives

Taiwan: 11 Fund Managers Selected to Receive Policy Concessions

09/10/2023

Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.

ESG / Sustainability

European Parliament Adopts New Standards for Green Bonds

09/10/2023

The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.

Citi Announces Deal to Sell China Consumer Business to HSBC

09/10/2023

Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.