Market Infrastructure

GFXC Calls for Greater Transparency in Global FX Market

24/08/2021

The GFXC is providing templates for disclosures on algo due diligence and TCA data, as well as disclosure cover sheets for liquidity providers and electronic trading platforms.

ESG / Sustainability

SFC Finalises Climate Risk Requirements for Fund Managers

22/08/2021

Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

Market Infrastructure

China Passes New Personal Data Protection Law

22/08/2021

The law establishes a set of rules for the collection, processing and protection of personal information, effective from 1 November.

Market Infrastructure

FSS Korea Launches Probe into Electronic Payment Providers

20/08/2021

The probe is a response to a growing scandal involving a local gift card provider, which offered users of its app large discounts and then changed its terms.

Market Infrastructure

ATO Consults on Tax Implications of IBOR Reform

20/08/2021

The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.

Market Infrastructure

HKMA Sets Conditions for Issuing New USD LIBOR Contracts

20/08/2021

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.

AML / KYC

Philippine President to Prioritise Bill to Ease Bank Secrecy Rules

20/08/2021

The BSP welcomed the move, saying the bill will provide the central bank tools to investigate illegal activity and improve the safety of the banking system.

Market Infrastructure

China Huarong Announces Bailout from State-owned Enterprises

19/08/2021

Huarong will issue new shares to Citic Group, China Insurance Investment, China Life Asset Management, China Cinda Asset Management and Sino-Ocean Capital Holding.

Securities / Derivatives

China Pledges to Open Up Corporate Credit Bond Market

19/08/2021

Coordinated efforts will be made to unify access arrangements for foreign institutional investors and streamline requirements on the management of cross-border capital.