Fintech / Regtech

Ant Group Separates Loan Services from Partner Lending

30/11/2021

Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group’s lending services.

ESG / Sustainability

APRA Finalises Guidance on Climate Change Financial Risks

29/11/2021

The new climate change prudential practice guide covers governance, risk management, scenario analysis and disclosure.

South Korea Set to Launch Second ‘New Deal’ Fund

27/11/2021

The KRW 100 billion fund will comprise KRW 80 billion from the private sector and retail investors and KRW 20 billion from the government.

Market Infrastructure

ASIC Imposes Licence Conditions on ASX Over 2020 Outage

26/11/2021

ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.

Enforcement

FSC Korea Cancels Business Licence of Optimus Asset Management

25/11/2021

The FSC has also fined Optimus and ordered board member removals, over “numerous counts of violations and inappropriate fund management activities”.

Securities / Derivatives

SEBI Relaxes Rule on Daily Fines for Disclosure Violations

25/11/2021

Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

GBA Wealth Connect Pilot Records ¥200m in Transactions

24/11/2021

Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Related-Party Transactions

24/11/2021

Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

South Korea Divests Key Stake in Woori Financial Group

24/11/2021

State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.