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Securities / Derivatives
ESG / Sustainability
UK to Start Regulating ESG Ratings Later This Year
By ESG Investor | 08/03/2024
Budget statement confirms that the UK will regulate ESG ratings, with full consultation and legislative steps due to be announced later this year.
Capital / Liquidity
Taiwan FSC to Allow Insurers to Issue Capital Bonds Overseas
By Editors | 07/03/2024
Cathay Life Insurance has already announced it will establish an SPV in Singapore to issue bonds, which would make it the first to take advantage of the revision.
Securities / Derivatives
India’s AMFI Relaxes Rule on Payments to Fund Distributors
By Ajoy K Das | 07/03/2024
AMCs can pay trail commissions to new distributors after assets have been transferred from an old distributor by an investor, after 6 month cooling-off period.
Enforcement
ASIC Issues First Ever Penalty Against Market Operator
By Sanday Chongo Kabange | 07/03/2024
ASX has paid A$1.05mn for a pre-trade transparency failure caused by “carelessness rather than recklessness or intentional misconduct”.
ESG / Sustainability
US SEC Adopts Mandatory Climate Disclosure Rules
By Manesh Samtani | 07/03/2024
The final rules allow large companies to report Scope 1 and 2 emissions only if they are material, and remove requirements to also disclose Scope 3 emissions.
Securities / Derivatives
CSRC Promises Stricter Regulation, Supervision of Capital Market
By Manesh Samtani | 07/03/2024
Chairman Wu Qing said the CSRC would “act decisively” in the stock market, improve its rules framework, and strengthen investor protection.
ESG / Sustainability
SGX RegCo Consults On Integrating ISSB Standards Into Listing Rules
By Nithya Subramanian | 07/03/2024
SGX RegCo proposes to make it mandatory for listed companies to report on sustainability, compared to the current “comply or explain” approach.
ESG / Sustainability
Philippine SEC Adopts Sustainable Finance Taxonomy
By Sanday Chongo Kabange | 06/03/2024
The SEC said issuers of securities should refer to the taxonomy when making investment decisions or designing sustainable financial products and services.
Securities / Derivatives
Bursa Malaysia to Launch New Soyoil Futures on 18 March
By Editors | 06/03/2024
The new futures contract is made possible by a licensing agreement signed with the Dalian Commodity Exchange last year.
Enforcement
SFC, HKEX Jointly Take Action Against GEM-Listed Firm
By Sanday Chongo Kabange | 06/03/2024
Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.
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