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Conduct, Culture & Accountability
ASIC Publishes New Indigenous Financial Services Framework
By Editors | 19/02/2023
ASIC encourages the financial services industry to improve their understanding of First Nations peoples and embed this into their engagement approach.

Clearing & Post-Trade
UK CCPs Directed to Update Outsourcing Agreements by Feb 2024
By Mark Johnston | 19/02/2023
New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.

Credit Risk
Korea to Improve System for Requesting Lower Loan Rates
By Editors | 17/02/2023
The right to request a lower loan interest rate was made law but acceptance of such requests in the financial sector has continued to be rare.

Market Data & Technology
China Trials Platform for Investors to Check Fund Holdings
By Editors | 17/02/2023
A “Fund E Account” platform will provide a “one-stop” service for individual investors to query information about all their holdings in public funds.

Structural Regulation
Australia Proposals to Regulate BNPL Gains Widespread Support
By Editors | 17/02/2023
AFCA has received more than 3,300 complaints against BNPL providers since 2018. ASIC supports regulating BNPL under the National Credit Act.

Structural Regulation
Some APAC Regulators Not Fully Operationally Independent: IOSCO
By Editors | 17/02/2023
Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Conduct, Culture & Accountability
Court Issues Australia’s Largest Ever Fine for Disclosure Failures
By Editors | 17/02/2023
Former ASX-listed GetSwift was ordered to pay A$15mn. Three former directors were also penalised.

Market Data & Technology
CFTC to Require UPIs in Swaps Reporting Starting Jan 2024
By Editors | 17/02/2023
UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.

Tokenisation
Hong Kong Issues First-of-its-kind Tokenised Green Bond
By Editors | 17/02/2023
Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

Market Data & Technology
Bursa Malaysia Launches Low Latency Connectivity Solution
By Editors | 17/02/2023
International market participants can access Bursa Malaysia’s data feed via more than 900 data centres in 32 countries.
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