Structural Regulation

SEBI Restricts Activities of AIFs Using Priority Distribution Models

26/11/2022

Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

Structural Regulation

FSC Korea Outlines Reforms to Provide Boost to Insurance Sector

26/11/2022

The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.

Reporting & Disclosures

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Cybersecurity

CSRC Issues Technology Standards for Securities, Futures Firms

26/11/2022

Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.

Sustainable Finance

ISDA Identifies Opportunities to Standardise SLD Terms

26/11/2022

ISDA describes sustainability-linked derivatives as typical derivatives transactions with an ESG add-on that affects payment flows.

Trade Based Money Laundering

Bangladesh Bank Call on Banks to Address Trade Mis-Invoicing

25/11/2022

Bangladesh Bank calls on banks and NBFIs to help stop over- and under-invoicing as they are causing the government to lose revenue and foreign currency.

Credit Risk

China Tightens Rules for Banks on Commercial Bill Business

25/11/2022

The changes will help prevent false trade invoices, promote the resilience of industrial supply chains, and improve overall market fairness and transparency.

Trading & Investment

SEBI Proposes Changes to Stock Buyback Process

25/11/2022

SEBI proposes to phase out the open market route as a buyback mechanism and to increase the limit for buybacks via the tender offer route.

Fraud, Scams & Cybercrime

INTERPOL Operation Sees $129m in Crypto Assets Seized

25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.