Trading & Investment

Hong Kong: New Sovereign Fund Starts Deploying Capital

13/06/2024

The HKIC, established in 2022, will make its first batch of investments in start-ups beginning this month.

Trading & Investment

New Zealand FMA Proposes New Rules for Derivatives Issuers

12/06/2024

The FMA proposes to limit the amount of leverage that derivative issuers can offer, and to require them to conduct suitability checks.

Conduct, Culture & Accountability

Australia Consults on Draft Regulations for Financial Advice Reforms

12/06/2024

The consultation proposes regulations to support the delivery of the first tranche of reforms to increase access to affordable financial advice.

Trading & Investment

Korea: Short Selling Monitoring System To Be Ready in March 2025

11/06/2024

South Korea’s ban on short selling can only be lifted after the new Naked Short Selling Detection System is in place.

CBDCs

HSBC China Launches e-CNY Services for Corporate Clients

11/06/2024

HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

Anti-Money Laundering

Australia Court Orders SkyCity to Pay A$67m AML Penalty

07/06/2024

SkyCity’s failures “over many years allowed high-risk customers to move millions of dollars through the casino”.

Structural Regulation

Australia Introduces Legislation to Regulate BNPL Sector

06/06/2024

BNPL providers will need to hold a licence and comply with existing credit laws, including requirements to conduct affordability checks.

Fraud, Scams & Cybercrime

SFC Obtains Asset Freeze Orders from Canadian Regulator

06/06/2024

The preservation orders were made to restrain the assets of a former Hong Kong CEO pursuant to the IOSCO EMMoU.

Reporting & Disclosures

Active Super Engaged in Greenwashing, Australia Court Rules

06/06/2024

Active Super made “misleading” and “deceptive” representations regarding exclusions applied to gambling, coal mining, Russian entities and oil tar sands investments.