Market Infrastructure

China Eases Foreign Investment Access With New Catalogue, Incentives

30/10/2022

The catalogue lists 519 sectors in which foreign investment are encouraged. Measures to facilitate foreign investment and attract foreign talent were also announced.

Hong Kong to Tighten Lending Rate Caps from 30 December

29/10/2022

Banks should start notifying customers of the new interest rate limits as soon as practicable and not later than 14 November.

AML / KYC

Top Prosecutor Arrests Former China Merchants Bank President

29/10/2022

The arrest followed the completion of an investigation into allegations of bribery, abuse of power, and trading on nonpublic information.

Enforcement

ASIC Issues First Penalty Over Greenwashing Concerns

29/10/2022

ASIC said Tlou Energy made “false or misleading sustainability-related statements” in materials filed with ASX about its energy production.

ESG / Sustainability

Singapore to Host Platform to Unify Carbon Market Registry Data

29/10/2022

Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.

Securities / Derivatives

China Proposes Rules to Improve Disclosures by Accounting Firms

29/10/2022

The rules are aimed at helping market entities understand the professional competence of individual firms so they can choose their auditor.

AML / KYC

Wolfsberg Group Updates Guidance on Correspondent Banking

28/10/2022

The updated Financial Crime Principles for Correspondent Banking includes guidance on what respondent banks may face when seeking a correspondent banking relationship.

Market Infrastructure

SWIFT Defers ISO 20022 Migration to March 2023

28/10/2022

The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.

Market Infrastructure

HKEX Suspends VCM on HSI Futures Due to Software Issue

28/10/2022

An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.