ESG / Sustainability

Bursa Malaysia Issues New Guidance on Corporate Governance

16/12/2021

The guide is meant to help companies comply with the Malaysian Code on Corporate Governance, a revised version of which was issued by the SC in April.

Fintech / Regtech

ISDA Advances Work to Develop Standards for Crypto Derivatives

15/12/2021

Contractual standards for digital asset derivatives will provide a foundation for the market and help enhance transparency, liquidity and price discovery.

Capital / Liquidity

China Introduces New Measures to Incentivise Bank Lending

15/12/2021

The PBOC is providing banks with capital to lend to small businesses, and acting as an intermediary between lenders and property developers.

Securities / Derivatives

SET Allows Derivative Warrants to Use Foreign Stocks

15/12/2021

The first six derivative warrants with foreign underlying stocks were listed on the SET on Wednesday, issued by Macquarie Securities.

Securities / Derivatives

MAS to Raise Corporate Finance Due Diligence Standards

15/12/2021

The new rules will require corporate finance advisers to establish a governance framework for due diligence which includes ensuring the veracity of information obtained.

Securities / Derivatives

SFC Set to Launch Digital Licensing Platform on WINGS

15/12/2021

New electronic licensing forms for licence applications, annual returns, notifications and regulatory filings are to be submitted through WINGS from 3 January.

AML / KYC

UK Court Convicts, Fines NatWest for AML Failings

15/12/2021

NatWest’s accepted cash deposits worth around GBP 264 million. The case represents the first time the FCA has pursued criminal charges for money laundering failings.

Enforcement

FMA Cancels Financial Advice Provider’s Transitional Licence

15/12/2021

This was the first transitional licence cancelled by the FMA, due to “serious misconduct” by the company’s sole financial adviser at a previous employer.

SAFE Revises Reporting Requirements for Banks’ Overseas Activity

15/12/2021

Banks will have to report new items related to the London Stock Connect and Wealth Connect, as well as additional details on their overseas subsidiaries.