The move is expected to incentivise more FIs to participate in the private pension scheme and improve their products and services to gain market share.
The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.
FCA Director of ESG Sacha Sadan underlines need for market confidence, highlights importance of investor engagement.
Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.
The stabilisation fund will be worth a reported $7bn and be used to inject money in the local stock market if it continues to fall.
The draft amendments specify the disclosures securities investment trust funds must make in their prospectuses if they are ESG-themed.
AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.
Phase one allows listed companies to submit ESG data to the platform. Phase two will enable the distribution of ESG data to the public domain within the Q2 2023.
Authorised brokers will deal in securities on HKSCC’s behalf. Up to 10 participants will be appointed and expected to start providing services tentatively in Q3 2023.
The guidance provides a reference for how independent directors should be selected, how they should perform their duties, and their role in audit committees.
Loading more posts...
Sorry, no more posts
No more pages to load