Market Infrastructure

RBI to Require LEI Use in Large Cross-border Transactions

14/12/2021

From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.

Capital / Liquidity

PBOC Raises Forex Reserve Requirement for Banks

14/12/2021

The move will force Chinese banks to more foreign currency at the central bank, and help to contain the renminbi’s appreciation.

AML / KYC

Parallel Myanmar Government Recognises Tether as Official Currency

14/12/2021

The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.

ESG / Sustainability

Thai SEC Consults on Disclosure Guidance for SRI Funds

13/12/2021

Disclosures should include an investment strategy that details the securities analysis and selection process and investment benchmarks used.

Securities / Derivatives

SEBI Seeks to Regulate Algo Trading by Retail Investors

13/12/2021

SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.

Korea Extends Support for Key Industries Through Stabilisation Fund

13/12/2021

The regulator said financial support for key industries will be provided in the amount of KRW 10 trillion until end-December 2022.

China to Enhance Asset Sale Transparency at State-owned FIs

13/12/2021

Assets transfers by state-owned financial institutions must be through open transactions, such as on trading venues, auctions, and competitive negotiations.

ESG / Sustainability

HK Bourse Finalises New Rules on Governance, Board Diversity

13/12/2021

Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.

ESG / Sustainability

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.