ESG / Sustainability

China Launches ESG Disclosure Guidance for Insurance Industry

21/12/2023

The Insurance Association of China says the guidance will help improve the quality of ESG disclosures in the insurance industry.

Enforcement

Bursa Malaysia Fines Ten Serba Dinamik Directors for Listing Rule Breaches

20/12/2023

Timely and accurate disclosure of financial statements and material information are fundamental obligations of listed companies, Bursa Malaysia said.

Fintech / Regtech

BSP Retains Moratorium on InstaPay and PESONet Fee Increases

20/12/2023

The moratorium will remain in place as the BSP works to eliminate fees entirely for small e-payment transactions.

Securities / Derivatives

CFTC Approves Rule to Allow UPI Use in Swaps Reporting

19/12/2023

The use of the UPI in the reporting of OTC derivatives in the US will start on 29 January 2024.

ESG / Sustainability

ASIC Fines Northern Trust for Alleged Greenwashing

19/12/2023

ASIC said Northern Trust was responsible for its statements, not the third party that incorrectly applied the exclusion screen specified.

AML / KYC

HKMA Fines SVF Licensee TNG for AML Compliance Failures

19/12/2023

The HKMA said TNG had no audit trail from MLRO reviews and did not take appropriate steps to assess whether STRs should be filed.

ESG / Sustainability

BSP Approves New Incentives to Promote Sustainable Finance

19/12/2023

The measures include extra lending capability and a reduced reserve requirement rate on sustainable bonds issued by banks.

Capital / Liquidity

BNM Finalises Capital Rules for Operational Risk, CCP Exposures

18/12/2023

BNM consulted on the new requirements late last year. The new requirements will take effect on 1 January 2025.

Securities / Derivatives

SC Malaysia Simplifies Process for ACE-to-Main Market Transfers

14/12/2023

The new transfer process will incentivise ACE Market companies to improve corporate value and achieve sustainable growth.