Conduct, Culture & Accountability

ASIC Launches First Court Action Alleging Whistleblower Victimisation

05/03/2023

ASIC alleges coal producer TerraCom and its directors and officers breached the whistleblower protection regulations which came into force in July 2019.

KYC & CDD

Pakistan to Launch Blockchain-based KYC Platform for Banks

04/03/2023

Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.

Reporting & Disclosures

ACCC Internet Sweep Reveals Widespread Greenwashing by Businesses

03/03/2023

Out of 247 businesses reviewed during the ACC’s internet sweep, 57 percent made “concerning claims about their environmental credentials”.

Conduct, Culture & Accountability

ASIC Issues New Guidance on Whistleblower Programmes

03/03/2023

The guidance is intended to help entities improve their whistleblower handling arrangements and encourage speak up.

Reporting & Disclosures

NZX Amends Corporate Governance Code to Raise ESG Bar

02/03/2023

The amendments cover ethics training, director independence, diversity policies, conflicts of interest, and ESG and climate reporting.

Trading & Investment

ASX Issues 3rd Consultation on Measures for Handling Outages

02/03/2023

ASX is consulting on enhancements to its test strategy, interconnectedness with other market operators, and its BCP strategy.

Reporting & Disclosures

ASIC Commences First Court Action for Alleged Greenwashing

28/02/2023

ASIC alleges Mercer Superannuation made misleading statements about investment options that were marketed as suitable for members ‘deeply committed to sustainability’.

Clearing & Post-Trade

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.

Conduct, Culture & Accountability

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The draft guidance covers any situation where an intermediary is involved in the distribution of a financial institution’s products or services.