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Trading & Investment
Tax Incentives Prompt Raft of IPO Listings in Sri Lanka
By Duruthu E Chandrasekera | 27/11/2021
Companies will be able to maintain a reduced corporate tax rate for three years after listing. The CSE’s listing framework was also revamped earlier this year.
Sustainable Finance
South Korea Set to Launch Second ‘New Deal’ Fund
By Sanday Chongo Kabange | 27/11/2021
The KRW 100 billion fund will comprise KRW 80 billion from the private sector and retail investors and KRW 20 billion from the government.
Conduct, Culture & Accountability
Korea FSS Asks Brokers to Prioritise Consumer Protection
By Editors | 26/11/2021
The FSS is reviewing a decision to penalise nine market-makers, taking into account “self-correcting measures” by individual firms.
Structural Regulation
ACCC Approves NAB Acquisition of Citi Consumer Business
By Editors | 26/11/2021
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction “would not substantially lessen competition”.
Trading & Investment
ASIC Imposes Licence Conditions on ASX Over 2020 Outage
By Sanday Chongo Kabange | 26/11/2021
ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
Sustainable Finance
Singapore Strengthens Financial Connectivity with Chongqing
By Mark Johnston | 25/11/2021
Ten MOUs were signed between Singapore and Chongqing banks and industry bodies at the 4th China-Singapore (Chongqing) Connectivity Financial Summit.
Structural Regulation
SEBI Relaxes Rule on Daily Fines for Disclosure Violations
By Sanday Chongo Kabange | 25/11/2021
Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.
KYC & CDD
MAS Proposes Amendments to the Business Trusts Act
By Editors | 25/11/2021
Business trusts will have to obtain and maintain information on beneficial ownership and disclose their CEOs’ interests in transactions.
Conduct, Culture & Accountability
BSP Issues Revised Corporate Governance Rules for FIs
By Editors | 25/11/2021
Non-Filipino citizens can become members of a bank’s board of directors, to the extent of foreign ownership in the institution.
Payments & Settlements
Taiwan FSC Increases Limits on Digital Deposit Accounts
By Darien Choong | 24/11/2021
The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.
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