ESG / Sustainability

Korea Postpones Implementation of ESG Disclosure Rules

17/10/2023

Korean regulators will postpone the introduction of a mandatory ESG disclosure system for listed companies for at least a year.

Securities / Derivatives

China Tightens Short Selling Rules to Bolster Stock Market

16/10/2023

The margin ratio for securities lending has been raised, and restrictions are being imposed on listed company executives and strategic shareholders.

Crypto / Digital Assets

Australia Consults on Proposed Regulatory Framework for Crypto

16/10/2023

Digital asset platforms would be subject to existing financial services laws and required to obtain a licence from ASIC.

Enforcement

HK Investment Banks Face Naked Short Selling Fines in Korea

16/10/2023

The FSS said it uncovered illegal short selling by two global investment banks. The banks were identified by local media as BNP Paribas and HSBC.

AML / KYC

HKMA Announces Enhancements to Anti-Fraud Initiatives

15/10/2023

FMLIT expanded to include more AIs; FINEST to cover more banks; FPS to gain pre-transaction alert mechanism.

Securities / Derivatives

MAS Issues Liquidity Risk Management Guidance for Funds

13/10/2023

The new information paper sets out expectations in four areas: governance, product design, ongoing LRM, and stress testing.

Crypto / Digital Assets

US Regulators File Suit Against Former CEO of Voyager Digital

13/10/2023

The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.

Securities / Derivatives

SFC Proposes New Guidelines for Market Soundings

12/10/2023

The proposed guidelines introduce a common set of “Core Principles” for market soundings to prevent misuse of non-public information.

AML / KYC

ML/TF Risks Facing the Australian Legal Profession: Report

11/10/2023

Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.