AI Risk & Governance

SEBI Forms New Advisory Committee on Technology

22/12/2021

The new committee will issue recommendations on existing technology projects and propose new suptech and regtech tools to improve SEBI’s capabilities.

Conduct, Culture & Accountability

Australia Announces Reforms to Proxy Advice Regime

22/12/2021

The reforms extend AFS licensing requirements to a greater range of proxy adviser activities, as well as enhance transparency of super funds’ voting records.

Conduct, Culture & Accountability

NSE India Launches New Corporate Governance Framework

22/12/2021

Listed companies that voluntarily choose to be part of ‘NSE Prime’ will need to comply with higher corporate governance standards and disclosure requirements.

Supervision & Enforcement

CSRC Launches Inspections at Financial Asset Exchanges

22/12/2021

Some exchanges were found to be illegally facilitating financing for property developers through the issuance of non-standard debt financing products.

Trading & Investment

SC Malaysia Finalises Enhancements to Unit Trust Framework

22/12/2021

The enhancements will enable retail funds to invest in and offer investors access to a wider range of investment instruments and activities.

Sustainable Finance

KRX Admits 20 Brokerage Firms to Carbon Emissions Market

22/12/2021

The addition of the 20 brokerages is expected to stimulate the carbon emissions trading market and facilitate more appropriate pricing of emissions.

Trading & Investment

Taiwan Extends Day Trading Transaction Tax Cut to 2024

22/12/2021

The extension keeps the transaction tax for day trading halved at 0.15 percent, a measure that has been in place since April 2017 and was set to expire on 31 December.

Payments & Settlements

HKMA Directs Banks to Use Name Matching in Fund Transfers

21/12/2021

Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.

CBDCs

ISSA Explores CBDC Impacts to Post-Trade Settlement

21/12/2021

CBDC is a critical and likely enabler for DLT-based securities settlement and collateral management, with stablecoins providing a possible alternative, the paper says.