ASIC Consults on Internal Dispute Resolution Reporting Requirements

20/12/2020

ASIC has adopted feedback on the data reporting requirements from an earlier consultation. Additional feedback is needed before it confirms the next steps for implementation.

BNM Launches New Financing Facility for ‘High Tech’ SMEs

20/12/2020

The facility will cater to SMEs in advanced manufacturing and services sectors as well as those participating in key government programmes.

Market Infrastructure

Philippine SEC to Mandate New Cybersecurity Rules for Capital Markets

20/12/2020

Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.

AML / KYC

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.

Market Infrastructure

CSRC Issues Draft Rules on Cybersecurity Incident Handling

20/12/2020

The draft rules provide new standards for categorising cybersecurity incidents based on severity, enhance incident reporting efficiency, and introduce added flexibility for punishments.

Securities / Derivatives

SFC Consults on Amendments to Code on Pooled Retirement Funds

20/12/2020

Given the wide participation in Hong Kong by employers and employees in ORSO schemes which invest in PRFs, appropriate investor protection should apply.

Securities / Derivatives

Bursa Malaysia, Global Compact to Collaborate on Sustainability Agenda

20/12/2020

The collaboration will include the development of a Corporate Sustainability Competency Framework, which will serve as a reference for corporate sustainability professionals.

Market Infrastructure

BCBS, CPMI Warn of Continued Risks Associated with FX Settlement

20/12/2020

Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Pandemic Environment

18/12/2020

In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.