Trading & Investment

BOT Issues First Floating Rate Bonds Based on THOR

25/03/2021

Investor interest was stronger than expected, with subscriptions amounting to more than four times the proposed issue size.

Structural Regulation

APRA Completes Superannuation Data Transformation Phase One

25/03/2021

Most of the new data will be submitted from September 2021, however trustees will be allowed to defer submission of some less critical data for one year.

Data Privacy

CBIRC Fines Citic Bank for Failure to Protect Customer Data

25/03/2021

The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.

ESG Data

ICMA Calls for ESG Metrics, Standards for Securitised Assets

25/03/2021

Unless ABS investors have better access to standardised and relevant data, they will be unable to appraise ESG risks and satisfy sustainability objectives.

Market Abuse

CSRC Issues Revised Disclosure Rules for Listed Companies

25/03/2021

The new rules introduce additional safeguards against insider trading and improve the timing of disclosure of major events.

Trading & Investment

CSRC Bans Haitong Securities from Advisory Work for One Year

25/03/2021

The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal’s CNY 1 billion default.

Structural Regulation

US SEC Consults on ‘Holding Foreign Companies Accountable’ Rules

25/03/2021

The SEC is seeking public comments on its process for identifying companies that fail to meet the new standards, as well as submission and disclosure requirements.

Structural Regulation

Internet-only LINE Bank Commences Trial Operations in Taiwan

25/03/2021

Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.

Conduct, Culture & Accountability

SFC Fines GEO Securities for Breaching Licence Conditions

25/03/2021

The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.