SECURITIES / DERIVATIVES

    ESG / Sustainability

    Former SEC Chairman Embraces Climate-Related Disclosure

    By ESG Investor | 01/03/2021

    Jay Clayton had previously defended voluntary ESG disclosures as opposed to mandatory, insisting that flexible requirements would be effective.

    Enforcement

    HK Audit Regulator to Probe Convoy Financial Statements

    By Ranamita Chakraborty | 01/03/2021

    Zhonghui Anda CPA Limited may have failed to express an appropriate audit opinion in three years of Convoy’s financial statements, the Financial Reporting Council said.

    Crypto / Digital Assets

    Thailand SEC to Enhance Protections for Digital Asset Investors

    By Editors | 01/03/2021

    The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

    Sanctions

    NYSE Announces Decision to Delist Chinese Oil Major CNOOC

    By Editors | 01/03/2021

    The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.

    Crypto / Digital Assets

    IOSCO Publishes Work Programme for 2021-2022

    By Editors | 28/02/2021

    New priorities will be to address the risks of NBFI activities and risks exacerbated by the Covid-19 pandemic such as misconduct, fraud and operational resilience.

    Enforcement

    FSC Korea Fines Ten Foreign Firms for Short Selling Violations

    By Editors | 28/02/2021

    The FSC did not name the firms that were penalised, but said the highest fine was KRW 180 million against a firm that committed four violations.

    Enforcement

    CSRC Issues Warning Letters to Audit, Asset Appraisal Firms

    By Editors | 28/02/2021

    Warning letters have been issued to 8 audit firms, 28 certified public accountants, 6 assessment agencies, 27 asset appraisers and 6 practitioners.

    ESG / Sustainability

    SGX, OneConnect Partner to Develop ESG Reporting Platform

    By Editors | 26/02/2021

    The platform will help SGX listed companies to efficiently manage their sustainability disclosures, make them more transparent, and improve overall ESG performance in the long run.

    Market Infrastructure

    New Initiatives Announced to Promote Hong Kong Capital Market

    By Manesh Samtani | 25/02/2021

    Paul Chan spoke of measures to boost green bond issuance, launch southbound Bond Connect, expand Stock Connect, and subsidise REITs, fund managers and family offices coming to Hong Kong.

    Market Infrastructure

    HK to Introduce Incentives for Insurance-linked Securities Issuance

    By Ranamita Chakraborty | 25/02/2021

    Under the proposed ILS Grant Scheme, the amount of grant for each issuance will be capped at HK$12mn, depending on the maturity of the ILS.

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