Australia Consults on Further Revisions to Tax Agents Code of Conduct

26/09/2024

The revisions aim to address industry concerns about obligations to correct false or misleading statements and disclosures that must be made to clients.

Enforcement

ASIC Fines Macquarie for ‘Serious’ Gatekeeper Failure

26/09/2024

Macquarie was fined for failing to act promptly and appropriately to prevent manipulation in the electricity futures market.

Hong Kong FSDC, Beijing Financial Bureau Sign Collaboration Pact

26/09/2024

The pact seeks to nurture a conducive environment for growth and innovation for the Hong Kong and Beijing financial sectors.

Market Infrastructure

APRA Releases New Performance Metrics for Super Funds

26/09/2024

APRA seeks to improve member outcomes by bringing together performance metrics of the performance test and superannuation heatmaps.

Market Infrastructure

Digital Asset, DTCC Complete Pilot Test on Tokenised US Treasuries

26/09/2024

Digital Asset, DTCC and other industry project participants executed 100 transactions using tokenised US Treasuries as collateral.

Enforcement

Australian Court Orders Vanguard to Pay Record Greenwashing Fine

25/09/2024

The court ordered Vanguard to pay A$12.9mn for making false or misleading representations about its ESG exclusionary screens.

AFRC Identifies Gaps in Hong Kong Accounting Profession

18/09/2024

The AFRC has directed the HKICPA to improve its processes for developing and improving the quality of CPD training courses.

FMA Consults on New Reporting Rules Under CoFI Regime

17/09/2024

The regulatory returns ask firms to provide details on their business structure and the fair conduct programmes they must maintain under CoFI.

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.