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Enforcement
SGX RegCo Bars UOBKH from Acting as Issue Manager
By Editors | 29/12/2022
SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.
ESG / Sustainability
BSP Unveils 11-Point Sustainable Central Banking Strategy
By Editors | 28/12/2022
The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.
Enforcement
ASIC Fines Super Fund Trustee Diversa for Alleged Greenwashing
By Editors | 28/12/2022
ASIC said the statements made by Diversa Trustees were too broad, potentially misleading consumers about its investment screens.
HK Regulators Identify Issues in Sales of Tax-deductible Products
By Sanday Chongo Kabange | 28/12/2022
Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
Securities / Derivatives
Korean Brokers Put on Notice for Selling, Lending Practices
By Sanday Chongo Kabange | 28/12/2022
The concerns relate to self-issued equity and derivative-linked bonds sold by securities firms, and the offering of high interest credit loans to investors.
Market Infrastructure
BSP Issues Rules for Participants of RTGS Payment System
By Editors | 28/12/2022
Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
Sanctions
Russia, Iran Spend Billions on New Trade Route – Report
By Sanday Chongo Kabange | 28/12/2022
Russia and Iran are investing an estimated USD 25 billion in the new 3,000 km trade route. The existing route is 14,000 km long.
Big Picture
IETA Shines Light on Carbon Market Evolution
By Editors | 28/12/2022
The 2022 GHG Market Report features carbon market reforms underway in the EU, Korea, Japan and China, among other markets.
Fintech / Regtech
Korea to Enhance KCIS Data to Facilitate SME Lending
By Editors | 28/12/2022
More granular information on SMEs will be added to the public credit registry. Additional measures will enhance competition in the credit rating market.
ESG / Sustainability
India Plans to Develop Carbon Market by 2026 – Report
By Editors | 28/12/2022
A compliance market and voluntary market will be set up, along with a stabilisation fund to support prices of carbon credits.
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