Securities / Derivatives

CSRC Revises Rules on Corporate Bond Issuance, Ratings

04/03/2021

Companies will no longer be required to engage a rating agency and obtain a credit rating before they issue bonds for sale on the public market.

BNM Revises Guidance on Operational Risk Reporting

03/03/2021

The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.

Enforcement

ASIC Charges Former Apogee Financial Adviser for Deception

03/03/2021

The ex-financial adviser obtained over A$1.5 million from Nulis Nominees, the trustee for the MLC Super Fund, on behalf of 168 clients.

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.