Market Infrastructure

ASIC Directs ASX to Produce ‘Special Reports’ on CHESS System

23/02/2023

The reports will help ensure ASX is adequately addressing findings from an external review, and whether any further regulatory action is warranted.

NZ FMA Drafts New Conduct Guidance for Financial Products Sales

22/02/2023

The draft guidance covers any situation where an intermediary is involved in the distribution of a financial institution’s products or services.

ESG / Sustainability

Malaysia SC Revises Guidelines for SRI Funds

22/02/2023

The revised guidelines incorporate requirements for SRI funds seeking to qualify as an ASEAN Sustainable and Responsible Fund, among other changes.

Australia: Big Banks to Face Scrutiny from Parliamentary Committee

20/02/2023

The big four will face questions about how they set interest rates, protect customers from scams, and support the flow of credit to small businesses.

Enforcement

Enforcement ‘At the Heart’ of ASIC’s Work: Joe Longo

16/02/2023

ASIC warns that it will target greenwashing, predatory lending and misleading insurance pricing promises.

Securities / Derivatives

SEBI Proposes Stronger Protections for Mutual Fund Investors

16/02/2023

Consultation paper sets out the core responsibilities of mutual fund trustees and proposes to make the boards of AMCs more accountable.

Fintech / Regtech

BSP Finalises New Requirements for E-money Issuers

14/02/2023

Amended regulations require e-money issuers to meet higher liquidity and capital requirements, to ensure the industry’s resilience.

Fintech / Regtech

EU Parliamentarians Back Eurozone Digital Wallet Framework

12/02/2023

The EU Digital Identity Wallet, expected to go live in 2024, will make it possible to store personal credentials within a single digital ID.

Capital / Liquidity

RBNZ Liquidity Policy Review Advances to Second Stage

12/02/2023

The RBNZ is seeking feedback on whether the LCR and NSFR standards should be adopted in New Zealand.