Tokenisation

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.

Reporting & Disclosures

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.

Reporting & Disclosures

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.

Conduct, Culture & Accountability

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.

Fraud, Scams & Cybercrime

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.

Clearing & Post-Trade

Hong Kong, Macao to Establish Bond Market Infrastructure Link

17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

Sustainable Finance

HKMA, DFSA to Deepen Collaboration on Sustainable Finance

17/09/2024

The HKMA and DFSA signed an MoU to deepen cross-border dialogue, information exchange and joint research on sustainable finance.

Fraud, Scams & Cybercrime

Australia Proposes Bill to Establish Scams Prevention Framework

16/09/2024

The framework creates obligations for banks, telcos and tech giants to prevent, detect, report, disrupt, and respond to scams.

Market Abuse

HKEX Offers New Guidance on Preventing Self-Matched Trades

12/09/2024

The guidance aims to help firms mitigate the risk of self-trades by different trading units that might be susceptible to inappropriate trading behaviour.