KYC & CDD

Isle of Man, Guernsey, Jersey Pause Work on UBO Registers

30/12/2022

Further legal advice is needed following the November judgment by the EU Court of Justice, which found public access to UBO information interferes with the right to privacy.

Climate Risk

China ETS Sees Lower Than Expected Trading Performance

30/12/2022

Only 44 million tonnes of carbon allowances were traded during 2022, down from 179 million tonnes in 2021, though the market has now exceeded CNY 10 billion in cumulative turnover.

Cloud & Infrastructure

InvestHK Launches Platform to Promote Fintech Development

30/12/2022

The ‘FintechHK Community Platform’ allows users from fintechs, corporates, investors, and service providers to connect with one another.

Structural Regulation

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.

Data Privacy

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.

Trading & Investment

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”.

Trading & Investment

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.

Climate Risk

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.

Conduct, Culture & Accountability

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.