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AML / KYC
MAS Identifies AML/CFT Control Lapses at VCCs
By Manesh Samtani | 14/09/2022
MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
Market Infrastructure
Japan FSA Proposes New Derivatives Reporting Guidance
By Editors | 14/09/2022
The draft guidelines explain the data fields that need to be included in reporting, along with technical specifications and best practices for reporting.
Securities / Derivatives
“No Consensus” on ESG Reporting Standards at Exchanges
By ESG Investor | 14/09/2022
The WFE said exchanges report increased demand from investors for ESG disclosures, but limited progress in providing common guidance on reporting standards.
Securities / Derivatives
Singapore Introduces Bill to Enhance Business Trust Governance
By Editors | 13/09/2022
CEOs will have to disclose interests in transactions. Unlisted business trusts will have to obtain and maintain information on beneficial ownership of their units.
Crypto / Digital Assets
US SEC to Establish New Office for Crypto-related Filings
By Manesh Samtani | 13/09/2022
In a recent speech, SEC chair Gary Gensler highlighted the need for better disclosures for crypto investors. He also said the “vast majority” of crypto tokens are securities.
Crypto / Digital Assets
SFC Allows HashKey to Manage Funds Comprising 100% Crypto
By Editors | 13/09/2022
HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations
Securities / Derivatives
Moscow Exchange Reopens Equity Market to Foreign Investors
By Editors | 13/09/2022
The equity market is reopened for non-resident investors from “friendly jurisdictions” and non-residents controlled by Russian legal entities or individuals.
ESG / Sustainability
SGX RegCo to Further Enhance Corporate Governance Rules
By Manesh Samtani | 13/09/2022
SGX RegCo will consult on mandatory requirements for listed companies to disclose the dollar values of director and CEO remuneration.
Crypto / Digital Assets
CME Group Announces Launch Of Ether Options
By Editors | 12/09/2022
The new options contract is being launched in anticipation of the upcoming Ethereum Merge, which CME sees as a “potentially game-changing update”.
Securities / Derivatives
RBI Warns Against Use of Unauthorised FX Platforms
By Editors | 12/09/2022
The RBI lists 34 FX trading platforms it says are not authorised to operate in India. The list include FXCM, XTB, TD Ameritrade, eToro, and IG Markets.
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