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Data Privacy
Hong Kong CR to Shield Some Director Info from Public View
By Editors | 30/10/2022
Residential addresses and full ID numbers will be replaced with correspondence addresses and partial ID numbers. FIs can still apply for access to the full data.
Conduct, Culture & Accountability
US SEC Finalises Clawback Rule on Erroneously Paid Compensation
By Editors | 30/10/2022
The rule will require issuers to develop and implement a clawback policy for compensation that was erroneously awarded based on incorrect financial statements.
Sustainable Finance
HKEX Launches Carbon Market to Support Net Zero Transition
By Sanday Chongo Kabange | 30/10/2022
The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.
Structural Regulation
China Eases Foreign Investment Access With New Catalogue, Incentives
By Editors | 30/10/2022
The catalogue lists 519 sectors in which foreign investment are encouraged. Measures to facilitate foreign investment and attract foreign talent were also announced.
Credit Risk
Hong Kong to Tighten Lending Rate Caps from 30 December
By Editors | 29/10/2022
Banks should start notifying customers of the new interest rate limits as soon as practicable and not later than 14 November.
Structural Regulation
China Proposes Rules to Improve Disclosures by Accounting Firms
By Editors | 29/10/2022
The rules are aimed at helping market entities understand the professional competence of individual firms so they can choose their auditor.
Structural Regulation
PNGX Proposes New Listing Rules for Consultation
By Mark Johnston | 28/10/2022
ASX, NZX, SGX, and SPX issuers would have to comply with only a minimal number of PNGX rules for a dual listing. The proposals also provide a framework for SPAC listings.
Payments & Settlements
SWIFT Defers ISO 20022 Migration to March 2023
By Editors | 28/10/2022
The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.
Trading & Investment
HKEX Suspends VCM on HSI Futures Due to Software Issue
By Editors | 28/10/2022
An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.
Conduct, Culture & Accountability
HKMA Issues Regtech Guide for Sales and Suitability Practices
By Manesh Samtani | 28/10/2022
The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.
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