Enforcement

SFC Reaches Compensation Deal for Shareholders of Delisted Firm

17/09/2024

If approved by the court, three former directors who siphoned money from a now-delisted company will pay HK$192mn in compensation to minority shareholders.

Market Infrastructure

Hong Kong, Macao to Establish Bond Market Infrastructure Link

17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

ESG / Sustainability

HKMA, DFSA to Deepen Collaboration on Sustainable Finance

17/09/2024

The HKMA and DFSA signed an MoU to deepen cross-border dialogue, information exchange and joint research on sustainable finance.

AML / KYC

Australia Proposes Bill to Establish Scams Prevention Framework

16/09/2024

The framework creates obligations for banks, telcos and tech giants to prevent, detect, report, disrupt, and respond to scams.

Securities / Derivatives

HKEX Offers New Guidance on Preventing Self-Matched Trades

12/09/2024

The guidance aims to help firms mitigate the risk of self-trades by different trading units that might be susceptible to inappropriate trading behaviour.

ASIC Directs Product Issuers to Improve DDO Compliance

11/09/2024

ASIC’s Alan Kirkland called on issuers to ensure that their product design and distribution practices are “up to scratch”.

ACCC Updates Guidelines on Interim Authorisation

11/09/2024

The updated guidelines seek to clarify expectations around how the ACCC makes decisions on granting interim authorisation.

AML / KYC

Australia Introduces AML/CTF Reform Bill to Parliament

11/09/2024

The amendment bill will bring tranche 2 entities into scope and modernise the regulation of virtual assets and payments tech.

ESG / Sustainability

Australia Releases Interim Report on Taxonomy Development

11/09/2024

The report sets out the progress made towards the development of Australia’s sustainable finance taxonomy.