SECURITIES / DERIVATIVES

Enforcement

FSC Korea Uses Enhanced Penalties Regime for the First Time

By Editors | 13/03/2023

Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

ESG / Sustainability

Fitch Rating Analyses ESG Fund Regulation Globally

By ESG Investor | 13/03/2023

New Fitch report compares fund-level ESG regulatory developments across North America, Europe and Asia.

Securities / Derivatives

Australia to Commence Review of Managed Investment Schemes

By Editors | 13/03/2023

The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.

Market Infrastructure

HK to Amend Clearing Rules to Account for IBOR Reforms

By Editors | 13/03/2023

Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.

ESG / Sustainability

Integrating Natural Capital and Biodiversity in the Investment Process

By Siva Ramachandran | 12/03/2023

Siva Ramachandran and Phoebe Chan call on investment professionals to integrate natural capital into their investment process, staff training and risk analysis.

Market Infrastructure

CSRC Finalises New Cybersecurity Rules for Securities, Futures Industry

By Editors | 12/03/2023

The rules include requirements relating to stress testing, data backups, emergency response measures, and management of third-party suppliers.

Big Picture

Australian Asset Owner Mandates Omit Climate

By ESG Investor | 10/03/2023

Only a “small number” issuing specific decarbonisation or net zero requirements; IGCC urges investors to “translate aspirations into action”.

Securities / Derivatives

Credit Suisse Approved to Launch China Wealth Management Business

By Editors | 10/03/2023

Credit Suisse has received investment consultancy and proprietary trading licences, and an expansion of its brokerage licence.

Securities / Derivatives

SFC Fines City International Futures for AML Compliance Failures

By Editors | 10/03/2023

City International Futures is the 6th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.