Enforcement

FSC Fines Bank of Taiwan Over Embezzled Customer Funds

01/08/2022

The illegal behavior lasted nearly 10 years, affecting nine customers, five of which were seniors. The total amount involved was about TWD 84.5 million.

Securities / Derivatives

HKEX Extends Listing Rules to Cover Share Award Schemes

01/08/2022

The rule amendments relating to share schemes will come into effect on 1 January 2023, however issuers may adopt the amended rules earlier.

Market Infrastructure

SGX, NSE Formally Launch Trading Link at GIFT City

01/08/2022

NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.

ESG / Sustainability

US Treasury Launches Data Hub for Climate Risk Assessments

01/08/2022

The Climate Data and Analytics Hub will enable financial regulators to use data from across the government to assess climate-related financial stability risks.

APRA Proposes to Enhance Strategic Planning in Superannuation

01/08/2022

APRA proposes to update its prudential standard governing strategic planning and member outcomes in superannuation, just 2.5 years after it took effect.

Crypto / Digital Assets

UK Law Commission Proposes Reforms to Accommodate Crypto

01/08/2022

New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.

Enforcement

ASIC Issues First Stop Orders Under DDOs Regime

01/08/2022

Three firms are required to temporarily stop offering their products to consumers due to deficiencies in their target market determinations.

Securities / Derivatives

India Launches First International Bullion Exchange

01/08/2022

The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.

PBOC, State Banks to Refinance Stalled Property Projects

01/08/2022

The PBOC will provide CNY 200 billion in funding to state owned banks, which will be tasked with financing the resumption of stalled real estate projects.