Securities / Derivatives

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Enforcement

CSRC Probes Haitong Securities in Financial Reporting Fraud Case

By Editors | 10/09/2021

Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.

ESG / Sustainability

MAS to Set New Disclosure Standards for Retail ESG Funds

By Manesh Samtani | 10/09/2021

Enhanced disclosures will be required from retail ESG funds next year. NUS will launch a new centre of excellence this year to groom ESG talent.

Big Picture

ISDA Publishes New Papers Examining ESG Market

By Editors | 10/09/2021

The papers focus on KPIs for sustainability-linked derivatives and the accounting treatment for ESG transactions.

Securities / Derivatives

First BlackRock Mutual Fund in China Raises $1bn

By Editors | 10/09/2021

BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.

Securities / Derivatives

Australian Carbon Exchange Expected to Launch in 2023

By Editors | 10/09/2021

Australia’s Clean Energy Regulator has invited 13 companies including ASX to participate in an RFP to develop an exchange-traded market and registry for carbon offset units.

Enforcement

Global Regulators Heighten Scrutiny Over ESG Mislabelling – Reports

By Sanday Chongo Kabange | 09/09/2021

Increased scrutiny from US, EU and UK regulators have forced asset managers to review current practices for classifying funds as ESG-focused.

Market Infrastructure

Sri Lanka Passes New SEC Act to Bolster Capital Market

By Duruthu E Chandrasekera | 09/09/2021

SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.

Enforcement

Korea FSS to Impose Penalties on 9 Market Makers

By Editors | 08/09/2021

Three foreign firms and six local firms are accused of disturbing market order through their negative influence on stock prices.