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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.
Enforcement
SFC, FRC to Enhance Regulatory Cooperation in Capital Markets
By Editors | 25/02/2021
Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.
Market Infrastructure
DTCC Proposes Move to T+1 in US Markets by Mid-2023
By Editors | 25/02/2021
In a new paper, DTCC outlines plans to modernise post-trade processes and facilitate an industry-wide shift to T+1 settlement in the equities market.
Market Infrastructure
SEBI, FinMin Order NSE to Explain Three Hour Trading Halt
By Editors | 25/02/2021
NSE had attributed the trading halt to issues with their links to two telecom service providers. An interim report is expected within 24 hours.
Enforcement
ASIC Offers Immunity to Market Misconduct Whistleblowers
By Editors | 25/02/2021
Under ASIC’s new immunity policy, individuals who have engaged with others to commit market misconduct offences can seek immunity by reporting the misconduct.
Enforcement
FSS Korea Orders Woori, IBK to Compensate Lime Investors
By Editors | 25/02/2021
The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
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