ASIC Issues Draft Guidance on Consumer Remediation

18/11/2021

ASIC has expanded its consumer remediation guidance to cover all financial services licensees, credit licensees and retirement service providers.

Market Infrastructure

FMA Issues Guidance on Mandatory Climate Disclosure Regime

18/11/2021

In-scope climate reporting entities with a 31 March balance date will have to file their first climate statements by 31 July 2024, says the FMA’s Sarah Vrede.

Malaysia to Enact New Consumer Credit Act in 2022 – Reports

17/11/2021

The Consumer Credit Act will provide a regulatory framework for the issuance of consumer credit and strengthen oversight of non-bank credit providers.

Securities / Derivatives

Korea Completes Development of Fractional Stock Trading System

16/11/2021

20 securities firms will be able to launch fractional stock trading services using the KSD system as early as this year, depending on their readiness.

New Zealand to Issue First Sovereign Green Bonds in 2022

16/11/2021

New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.

Securities / Derivatives

Malaysian Regulators Pledge Support to Mid-Tier IPO Hopefuls

15/11/2021

Bursa Malaysia and the SC will collaborate on efforts to help mid-tier companies become “investment-ready” and learn about governance requirements.

Market Infrastructure

RBI Combines Ombudsman Schemes for Regulated Entities

15/11/2021

The new scheme combines the existing ombudsman schemes for banks, NBFCs and payment system operators and centralises complaints filing and processing.

Market Infrastructure

Beijing Stock Exchange Starts Trading With 81 Listings

14/11/2021

The first batch of listings will start trading today (15 November), just two months after the SME-focused exchange was proposed by President Xi Jinping.

Enforcement

Bursa Malaysia Facing Legal Action from Listed Company

14/11/2021

Oil and gas engineering group Serba Dinamik alleges Bursa was “acting in excess of power” by requiring the disclosure of findings from a special independent review.