Securities / Derivatives

FSC Korea to Introduce Takeover Bid Rule for M&A Deals

30/12/2022

The rule will require takeover bidders to offer minority shareholders an opportunity to sell their shares in a corporate merger or acquisition.

Enforcement

Meta to Pay $725m to Settle Cambridge Analytica Claims

30/12/2022

Facebook allowed Cambridge Analytica to access data of 87 million users. The proposed settlement is the largest ever in a US data privacy class action.

Securities / Derivatives

UK Court Dismisses Case Seeking LME Disclosures on Cancelled Nickel Trades

30/12/2022

The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were “weak”.

Securities / Derivatives

NSE Chief Pushes to Extend Trading Hours for Indian Equities

30/12/2022

Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.

ESG / Sustainability

HKMA Revises SPM to Embed Climate Risk in Supervisory Approach

30/12/2022

Revised SPM illustrates the HKMA’s approach to the supervision of emerging risks such as climate risk under its risk-based supervisory approach.

Enforcement

SGX RegCo Bars UOBKH from Acting as Issue Manager

29/12/2022

SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.

ESG / Sustainability

BSP Unveils 11-Point Sustainable Central Banking Strategy

28/12/2022

The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.

Enforcement

ASIC Fines Super Fund Trustee Diversa for Alleged Greenwashing

28/12/2022

ASIC said the statements made by Diversa Trustees were too broad, potentially misleading consumers about its investment screens.

Market Infrastructure

BSP Issues Rules for Participants of RTGS Payment System

28/12/2022

Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.