Securities / Derivatives

SFC Greenlights Appointment of Nicolas Aguzin as HKEX CEO

03/03/2021

The SFC gave its approval for Aguzin’s appointment on Tuesday after vetting him against its fit and proper criteria.

Securities / Derivatives

SFC, HKEX Directed to Explore SPAC Listings in Hong Kong

02/03/2021

Financial Secretary Paul Chan has directed the SFC and HKEX to study the feasibility of listing SPACs in Hong Kong.

ESG / Sustainability

China, US to Co-Chair G20 Sustainable Finance Study Group

02/03/2021

The Sustainable Finance Study Group is being re-established after a two-year suspension, with the PBOC and the US Treasury as its co-chairs.

Securities / Derivatives

Japan FSA Set to Revise Corporate Governance Code

02/03/2021

The new code will require listed companies to have more independent board directors, promote management diversity, and improve environmental disclosures.

Big Picture

ASIFMA Calls for Harmonised Approach to Public Cloud Regulation

02/03/2021

Varying regulatory approaches across jurisdictions pose significant challenges to FIs trying to implement the public cloud as part of their global strategy.

Securities / Derivatives

SEBI Drafts New Rules for Independent Directors of Listed Companies

02/03/2021

SEBI proposes to introduce a ‘dual approval’ system where appointments of independent directors must be approved by both majority and minority shareholders.

Australia Passes Bill to Enhance Financial Advice Fee Disclosures

02/03/2021

Financial advisers will have to provide clients an annual, forward-looking summary of fees and corresponding services, in addition to existing disclosures.

ESG / Sustainability

Malaysian FIs to Start Applying Climate Risk Taxonomy

02/03/2021

Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.

Capital / Liquidity

FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

02/03/2021

Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.