Enforcement

NZ FMA Expects Proactive Self-reporting of Misconduct Issues

08/11/2021

The minimum expectation for good conduct risk management is for firms to self-report potential breaches to the FMA, said acting general counsel Karen Chang.

Fintech / Regtech

MAS: SGFinDex Extended to Include Investment Holdings Data

08/11/2021

Individuals can now view information on their investment holdings at SGX’s central depository as part of their consolidated financial position.

HK to Introduce Licensing System for Agents Selling Foreign Property

08/11/2021

Under Hong Kong’s existing regime, estate agents who exclusively sell overseas properties are currently exempt from licensing requirements.

Market Infrastructure

Singapore, Philippines to Pursue Cross Border Payment Links

08/11/2021

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

ESG / Sustainability

HKEX Issues Guidance on TCFD-aligned Climate Disclosures

08/11/2021

The guidance has been published to help listed companies prepare for TCFD-aligned climate change reporting, which will become mandatory in Hong Kong by 2025.

AML / KYC

Australia Launches New Director ID Regime

07/11/2021

Directors will face penalties for not applying for a director ID on time, for providing false ID information, or intentionally applying for multiple director IDs.

HK Steering Group Reaffirms Green Finance Hub Ambitions

07/11/2021

The Steering Group welcomed initiatives from the IFRS Foundation and IPSF, saying it will continue efforts to develop Hong Kong into a carbon trading hub.

Enforcement

Prosecutors Abandon Criminal Cartel Case Against ANZ

07/11/2021

Prosecutors have decided to abandon the case against ANZ after being asked to refile their indictment a third time. The cases against Deutsche Bank and Citi will proceed.

Securities / Derivatives

SEC Approves PCAOB Framework for HFCAA Determinations

07/11/2021

The framework sets out how the PCAOB will determine that it is unable to inspect the foreign audit firm of a US listed company and force a delisting.