Reporting & Disclosures

ACCC to Commence Internet Sweep Targeting Greenwashing

21/09/2022

Businesses may be asked to substantiate their green claims. The ACCC may take enforcement action if consumers are being misled or deceived.

Payments & Settlements

BOT Details Plans to Upgrade Payment Systems

21/09/2022

The plans include the development of PromptBiz, a digital payment infrastructure system for the business sector.

Trading & Investment

China to Develop First Indexes of State-owned Enterprises

20/09/2022

The Shanghai Stock Exchange and China Reform Holdings will develop stock indexes of enterprises owned by the government.

Cryptocurrency

UK FCA Issues Warning Against Crypto Exchange FTX

20/09/2022

The FCA said FTX is targeting UK consumers without proper authorisation. FTX believes a scammer is impersonating the company.

Cloud & Infrastructure

MAS, IFSCA Sign FinTech Cooperation Agreement

20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.

Anti-Money Laundering

US Treasury Seeks Input on Illicit Finance Risks in Crypto

19/09/2022

The RFC calls for input on how to prevent crypto from being used for illicit finance, including through analytics tools and AML/CFT regulations.

Clearing & Post-Trade

CFTC Issues No-Action Letter to TAIFEX on Swaps Clearing

19/09/2022

The no-action letter will facilitate access for US persons to swaps clearing in Taiwan while TAIFEX’s application for an exemption from DCO registration is pending.

Tokenisation

FSTB, SFC Declare Support for STO Business in Hong Kong

19/09/2022

The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.

Capital Adequacy

Basel III to Have Muted Capital Impact in APAC: Fitch

19/09/2022

The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.