Securities / Derivatives

SEBI Allows Non-Promoter Shareholders to Use OFS Mechanism

12/01/2023

SEBI is allowing non-promoter shareholders such as institutional investors to sell their shares for better pricing via the ‘offer for sale’ mechanism.

ESG / Sustainability

PBOC Outlines Plans to Further Develop Green Bond Market

12/01/2023

China will establish a mandatory assessment and certification system and open up the green bond market to international participants.

ESG / Sustainability

Bank of Singapore Adopts Stewardship Principles for Responsible Investors

12/01/2023

Bank of Singapore has become the first private bank to adopt the Singapore Stewardship Principles for Responsible Investors.

ESG / Sustainability

Carbon Markets Crucial to Net Zero Goals – HKEX Chair

12/01/2023

Some obstacles and a lack of trusted marketplaces have stood in the way of wider adoption of carbon markets, says HKEX chair Laura Cha.

ACCC to Scrutinise Interest Rates Offered on Savings Accounts

12/01/2023

Treasurer Jim Chalmers fears savings rates do not fully reflect changes to the cash rate, which has recently risen for an eighth consecutive month to 3.1 percent.

ZCE Opens More Futures, Options to Foreign Investors

12/01/2023

Zhengzhou Commodity Exchange opens futures and options in rapeseed oil, rapeseed meal, and peanut kernel to foreign investors.

EU Considers Ban on Inducements for Selling Retail Investment Products

11/01/2023

A ban on banks paying inducements to distributors, brokers and investment advisors would fundamentally change banking business models.

Enforcement

Korean Authorities Investigate Bithumb for Possible Tax Evasion

11/01/2023

Tax authorities raided Bithumb’s headquarters in Seoul on Tuesday. Two of its former chairmen have also been the subject of separate probes.

AML / KYC

UK FCA Fines Nigeria’s Guaranty Trust Bank for AML Weaknesses

11/01/2023

The FCA said the bank’s behaviour mirrored previous misconduct, for which it was also fined in 2013 and had restrictions imposed in 2018.