Securities / Derivatives

SEBI Grants Mutual Funds More Time to Comply with New Norms

20/12/2021

SEBI has issued new guidelines on the use of pool accounts by mutual funds and deferred implementation of new risk management and benchmarking norms.

ESG / Sustainability

Malaysia SC Seeks Feedback on Principles-based SRI Taxonomy

20/12/2021

The Sustainable and Responsible Investment taxonomy features environment, social and sustainability components, as well as guiding principles on transition finance.

Capital / Liquidity

RBNZ Updates Disclosure Requirements for Banks

20/12/2021

The updates align disclosures with the new RBNZ’s capital adequacy requirements, which will be phased in over seven years starting from July 2022.

Capital / Liquidity

RBI Issues Draft Rules for Banks on Operational Risk Capital

20/12/2021

The draft directions, aligned with the Basel III standards, are open for consultation until 31 January 2022 and expected to take effect on 1 April 2023.

AML / KYC

Taiwan Amends AML Rules to Prevent Risk in Overseas Remittances

19/12/2021

The amendments specify obligations to ensure policies, procedures and internal controls are in place to prevent risks associated with overseas remittances.

Securities / Derivatives

Malaysia Set to Lift Restrictions on Intraday Short Selling

19/12/2021

Intraday short selling will resume on 1 January 2022, with enhanced control measures including the automated application of the “at-tick rule”.

AML / KYC

New Zealand DIA, FMA Issue Directions on Outsourced CDD

19/12/2021

Outsourced CDD does not exist in isolation from reporting entities’ wider CDD procedures and obligations, the DIA and FMA said.

ESG / Sustainability

HK Steering Group Announces Next Steps in Green Transition

18/12/2021

HKMA to develop new ECF module on Green and Sustainable Finance. Steering Group to explore local taxonomy and voluntary carbon market.

Securities / Derivatives

Korea to Improve Foreign Access to Domestic Currency Market

17/12/2021

The move is aimed at helping Korea win inclusion in the MSCI developed markets index. Currently, there is no offshore currency market for the won.