Securities / Derivatives

Hong Kong Introduces Bill to Boost REITs, Options Markets

12/11/2024

The bill will remove stamp duties payable on transfers of REITs shares or units and jobbing business of options market makers.

AML / KYC

HKMA Fines Fubon Bank for Transaction Monitoring Lapses

11/11/2024

HKMA said Fubon had deficiencies in the controls for transmission of transaction data from the core banking system to its transaction monitoring system.

BSP, Banque de France Sign MOU on Currency Operations

08/11/2024

The MOU enables BSP and BdF to share best practices and expertise on currency management and operations, and cooperate on digital payments.

Market Infrastructure

BSP Issues New Operational Resilience Requirements for FIs  

07/11/2024

Larger FIs have two years to develop and integrate operational resilience frameworks into their governance structures and risk management processes.

ESG / Sustainability

BSP Invites Indonesia, Malaysia to Explore Philippine Islamic Finance Sector

07/11/2024

The BSP has been engaging with FIs in Indonesia and Malaysia about exploring opportunities in the Philippines Islamic finance sector.

AML / KYC

Australia Introduces “Landmark” Anti-Scam Legislation to Parliament

07/11/2024

The bill will establish a ‘scams prevention framework’ and introduce certain mandatory obligations for banks, telcos and social media platforms.

ESG / Sustainability

ASIC Consults on Draft Sustainability Reporting Guidance

07/11/2024

ASIC drafted the guidance to help reporting entities in complying with the new sustainability reporting regime commencing in January.

Enforcement

SFC Imposes 15-Year Ban on Former Hedge Fund Exec

07/11/2024

The SFC barred the former chief investment officer of a hedge fund from re-entering the industry for 15 years for false trading.

HKMA Sets Expectations for Banks on Handling ‘Autopay’ Arrangements

06/11/2024

The circular addresses situations where a merchant has suspended operations or shut down while customers have active direct debit authorisations in place.