Australian Treasury Commences Review of Superannuation Reforms

08/09/2022

Australia’s Treasury said it is looking to identify unintended consequences and implementation issues arising from the YFYS laws passed in 2021.

Fintech / Regtech

Korea to Launch KRX-Operated Digital Securities Market

07/09/2022

Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.

Securities / Derivatives

China Raises Bar for Sponsors to Ensure Fair IPO Pricing

07/09/2022

Investment bankers engaged in IPO deals are prohibited from discussing earnings estimates and valuations with analysts, to ensure their independence.

AML / KYC

UK OFSI Updates Sanctions Guidance to Include Crypto

07/09/2022

Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.

Securities / Derivatives

CSRC Green Lights Launch of New ETF Options in China

07/09/2022

ChiNext Board ETF options will list in Shenzhen, while CSI 500 ETF options will list in both Shanghai and Shenzhen.

Securities / Derivatives

Big Four Auditor Facing HK Lawsuit Over Chinese Audit

07/09/2022

The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

AML / KYC

Singapore Police Opens New Anti-Scam Command Office

07/09/2022

The opening of the ASCom office was officiated by Minister for Communications & Information Josephine Teo.

Capital / Liquidity

APRA Proposes Guidance on Contingency, Resolution Planning

07/09/2022

The prudential practice guides on financial contingency and resolution planning will be finalised in H1 2023 following a three month consultation.

ESG / Sustainability

China Executes First Triparty Repo Trades Using ESG Bonds

07/09/2022

CFETS, Clearstream and Chinese financial institutions cooperated to execute the first triparty repo trades involving ESG-eligible bonds.