Japan would become the first G7 government to use its foreign reserves for ESG investments, as it ramps up efforts to combat climate change.
Greater flexibility is provided for securities investment trust funds to invest in IPO stocks, CoCo bonds and TLAC bonds.
Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.
The circular follows the $30mn issuance of Hong Kong's first catastrophe bond by Greater Bay Re, a state-sponsored special purpose vehicle.
The new contract will commence trading next week. The certification means it can be offered and sold to persons in the US.
Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were "persistent and systemic".
During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.
Firms sold investment products with an aggregate transaction amount of HKD 5.7 trillion during 2020, with the participation of over 700,000 investors.
Under two separate initiatives, eight foreign fund managers and four investment trust companies will receive preferential treatment for one year.
The IMF, World Bank and OECD are working on classification systems to harmonise and support the development of sustainable finance markets.
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