Securities / Derivatives

Taiwan FSC Warns Funds Against Intervening in Management Disputes

26/03/2022

Investment trust companies should not use investors’ funds to intervene in disputes over the management rights of investee companies.

Securities / Derivatives

NSE, BSE Harmonise Industry Classification Structure for Listed Firms

26/03/2022

The India Industry Classification will come into effect from 31 March, harmonising industry classifications of companies listed and traded on NSE and BSE.

Securities / Derivatives

India Suspends Plan to Allow Direct Overseas Listings

25/03/2022

Domestic companies can only list overseas after first listing in India. Rule changes that would have allowed direct overseas listings have reportedly been suspended.

AML / KYC

FSC Korea Starts Enforcing Travel Rule in Crypto Industry

24/03/2022

Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.

Crypto / Digital Assets

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

Fintech / Regtech

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

ESG / Sustainability

IFRS Foundation, GRI to Align Sustainability Reporting Work

24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.

ESG / Sustainability

HKEX, CEEX to Cooperate on GBA Carbon Market Initiatives

24/03/2022

HKEX and Guangzhou-based China Emissions Exchange will jointly explore the development of a voluntary carbon emission reduction programme in the GBA.

Fintech / Regtech

FCA, BOE Offer New Guidance on Addressing Crypto Risk

24/03/2022

Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.