ESG / Sustainability

Malaysia Publishes ‘Climate Data Catalogue’, Identifies Data Gaps

19/12/2022

Malaysia’s JC3 says the data catalogue “represents a call to action” for stakeholders to collectively improve the availability and accessibility of climate data.

Korea to Lower Maximum Corporate Tax Rate Under Reform Plan

19/12/2022

Korea plans to lower its maximum corporate tax rate from 25% to 22% to promote investment and enhance the country’s competitiveness.

Securities / Derivatives

Singapore to Amend Law to Allow for Online General Meetings

19/12/2022

Orders introduced early in the pandemic to allow companies to conduct general meetings by electronic means will expire on 1 July 2023.

Sanctions

US, EU Announce Additional Sanctions Against Russia

19/12/2022

The US imposed new sanctions against Russian FIs and the country’s richest businessmen. The European Council adopted a ninth sanctions package against Russia.

AML / KYC

AUSTRAC Issues Guidance on Detecting OSEC Crime

19/12/2022

AUSTRAC has updated its 2019 indicators report to help FIs identify behaviours and transactions which may indicate payments for child sexual exploitation material.

Securities / Derivatives

HKEX Proposes to Further Expand Paperless Listing Regime

19/12/2022

Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.

Sanctions

US Adds Chinese Chipmakers, AI Firms to Trade Blacklist

19/12/2022

The move builds on new export controls announced in October, which were designed to prevent the transfer of advanced technology to China’s military, intelligence and security services.

Securities / Derivatives

ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo

18/12/2022

ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.

Fintech / Regtech

Singapore, EU to Expand Partnership to ‘Digital Realm’

18/12/2022

The partnership includes efforts to advance new and emerging areas such as 5G/6G, artificial intelligence, and digital identities.