Securities / Derivatives

SEBI Issues Compensation Guidelines for Fund Managers

05/05/2021

20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.

AML / KYC

OFAC Penalises MoneyGram & SAP for Sanctions Violations

05/05/2021

In both cases, OFAC cited voluntary self-disclosures, the non-egregiousness of the violations, and remedial action as the reasons for the penalty amounts.

ESG / Sustainability

New Zealand Launches First Carbon Efficient Indices

05/05/2021

All S&P/NZX 50 companies are covered in the new indices. Constituent weights will be adjusted based on carbon intensity and emissions performance.

ESG / Sustainability

HKMA Issues Guideline on Green & Sustainable Finance Grant Scheme

05/05/2021

The grant amount for each bond issue will be half of the eligible expenses, capped at HK$2.5mn for rated bonds and HK$1.25mn  for unrated bonds.

Fintech / Regtech

Regulatory Reporting Lessons from Singapore and Australia

04/05/2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

Securities / Derivatives

China: Policy Banks Pilot Direct Bidding Mechanism for Bond Issuance

04/05/2021

The pilot could mark a significant revamp in how bond issuance is carried out in China, and is seen as another step by the government to attract foreign capital.

BOT Creates Database to Guard Against Factoring Fraud

04/05/2021

The database acts as a centralised repository of factoring-related transactions to guard against counterfeiting, double financing and fraud.

Market Infrastructure

Canada Establishes Regulatory Regime for Financial Benchmarks

03/05/2021

Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.

Securities / Derivatives

PBOC Approves Deutsche Bank as Qualified Primary Dealer

03/05/2021

Deutsche Bank has become the first Eurozone bank to be approved as a qualified primary dealer in China.