Market Infrastructure

Australia Publishes Details on Reforms to Foreign Investment Regime

03/05/2024

Greater scrutiny will apply to foreign investments in sensitive sectors. Passive investors with a strong track record would receive less scrutiny.

AML / KYC

NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

03/05/2024

NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

AML / KYC

HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

02/05/2024

The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

Enforcement

Hong Kong ICAC Charges MPF Intermediary with Fraud

02/05/2024

A former insurance agent of FWD Life allegedly conspired with four clients to apply for early withdrawal of their MPF using false documents.

Enforcement

QLD Police Charge Four for ‘Boiler Room’ Investment Fraud

01/05/2024

Approximately 30 people were defrauded of over A$1.5 million between 2018 and 2021. Four people were arrested and charged.

ESG / Sustainability

NZX Amends Listing Rules to Clarify Climate Disclosure Obligations

29/04/2024

The amendments also introduce requirements for issuers to appoint authorised representatives and provide NZX with their contact details.

Fintech / Regtech

Hong Kong Launches Cross-Industry Platform to Boost Fintech Adoption

29/04/2024

‘FiNETech’ will enable financial institutions and tech firms to explore collaboration in the areas of wealthtech, insurtech, greentech, AI and DLT.

Crypto / Digital Assets

ATO Asks Crypto Firms to Hand Over User Data

27/04/2024

The ATO says the data collection effort is to ensure that crypto traders are fulfilling their tax lodgment, reporting and payment obligations.

Australia: MFAA Issues Updated Advertising Guidelines

26/04/2024

The updated guidelines are intended to facilitate compliance by members of the Mortgage and Finance Association of Australia.