ESG / Sustainability

NZ FMA Issues Guidance on Climate-related Scenario Analysis

19/07/2023

The information sheet offers guidance on the disclosures firms have to make about the methods and assumptions underlying their scenario analysis and how the process has been conducted.

Market Infrastructure

Hong Kong to Launch New eMPF Platform in Q2 2024

19/07/2023

Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.

Fintech / Regtech

Korea FSS Launches New Online Licence Application Platform

18/07/2023

The new “S.T.A.R.T” platform allows applicants to submit licensing, registration and accreditation applications digitally.

Korea Issues Revised Guidelines on Accounting Fraud Investigations

17/07/2023

The guidelines require external auditors to notify companies of any accounting fraud worth more than KRW 5 billion.

Market Infrastructure

APRA Finalises New Cross-industry Standard on Operational Risk

17/07/2023

Boards should pay particular attention to ventures that may give rise to material or novel operational risks, including activities associated with crypto assets.

Enforcement

Cigno, BHF Solutions Breached National Credit Act, Court Rules

15/07/2023

Australia’s Federal Court said the lending model the firms operated was specifically intended to avoid provisions of the National Credit Act.

Enforcement

Korea Prosecutors Arrest Three on Stock Manipulation Charges

14/07/2023

The trio allegedly generated $27.9mn in illicit profits by manipulating the stock prices of five companies, prosecutors said.

Capital / Liquidity

Hong Kong Proposes to Raise Bank Deposit Protection

14/07/2023

The Deposit Protection Board proposes to raise the bank deposit protection limit from HK$500,000 to HK$800,000.

Enforcement

SFC, AFRC to Jointly Target Misconduct By Listed Issuers

14/07/2023

The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.