Securities / Derivatives

CSRC Eases Share Financing Rules for Property-linked Firms

26/10/2022

Certain companies with small real estate business interests are allowed to raise funds through domestic stock sales.

ESG / Sustainability

Texas, Arizona Lawsuits Target Big Bank Climate Pledges

26/10/2022

The lawsuits take aim at Goldman Sachs, JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Morgan Stanley.

Enforcement

US Treasury Issues CFIUS Enforcement and Penalty Guidelines

26/10/2022

The guidelines describe three categories of conduct that may constitute a violation of foreign investment laws and regulations, and how penalties may be imposed.

Crypto / Digital Assets

ASIC Files Suit Over Misleading Claims by Crypto Firm

26/10/2022

ASIC said BPS Financial engaged in unlicensed conduct and made false, misleading or deceptive representations about a crypto token called Qoin.

Fintech / Regtech

Korea to “Significantly Expand” MyData Information Items

25/10/2022

The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.

Enforcement

Credit Suisse Clears Litigation Docket Ahead of Overhaul

25/10/2022

Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.

Capital / Liquidity

RBNZ Defers Dual Reporting Requirements for IRB Banks

25/10/2022

Dual reporting requirements for IRB banks are now expected to come into force for disclosure statements with reporting dates of 30 June 2023 or later.

Securities / Derivatives

Thai SEC to Improve Efficiency of Private Placements

25/10/2022

The SEC proposes to scrap requirements for firms to seek approval for private placement offerings, provided other investor protections are in place.

Capital / Liquidity

Taiwan FSC Defers New Capital Rules for Non-life Insurers

25/10/2022

Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.