Fintech / Regtech

Consortium of Japanese Firms to Test Digital Currency in April

24/11/2020

The consortium, which includes Japan’s three megabanks as members, aims to address a lack of interoperability between digital payment platforms in the country.

Securities / Derivatives

China Set to Allow Foreign Access to DCE Palm Oil Futures

24/11/2020

Dalian Commodity Exchange palm oil futures will become China’s seventh commodity futures product available to foreign investors.

Securities / Derivatives

SEBI Consults on Extra Disclosure Rules for Listed Companies

24/11/2020

The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

Uncategorised

SEC Thailand Proposes Rules to Support Sustainability-Linked Bonds

24/11/2020

The proposed regulations, based on ICMA’s Sustainability-Linked Bond Principles, will help issuers fund the sustainable transformation of their businesses

Enforcement

Australian Court Fines Responsible Entity Over Product Disclosures

23/11/2020

Theta Asset Management and its ex-managing director were fined a combined A$2.1mn for authorising the issue of five defective product disclosure statements.

Capital / Liquidity

RBI Working Group Proposes New Rules on Bank Ownership

23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

ESG / Sustainability

Malaysia, Japan Authorities Appointed to NGFS Steering Committee

23/11/2020

The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.

Industry Body Urges ASIC to Reconsider Reference Checking Model

23/11/2020

The Stockbrokers and Financial Advisers Association urges ASIC to look at the central register model used in the US, which treats advisers more fairly.

Securities / Derivatives

Thailand SEC to Remove Hardcopy Document Requirement for Takeovers

23/11/2020

Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.