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ESG / Sustainability
ESMA Proposes New Rules for ESG and Sustainability Labelled Funds
By Sanday Chongo Kabange | 21/11/2022
A fund with ESG-related terms in its name will have to use at least 80% of its investments to meet environmental or social characteristics or sustainable investment objectives.
AML / KYC
UK Parliamentary Report Calls for Overhaul of Approach to Fraud
By Manesh Samtani | 21/11/2022
The report says “failure to prevent fraud” should be introduced as a new corporate criminal offence, along with significant financial penalties.
AML / KYC
Western Allies Sanction Iran Over Protest Handling, Drone Sales
By Editors | 18/11/2022
The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.
ESG / Sustainability
EU Firms Face Streamlined Sustainability Reporting Regime
By ESG Investor | 18/11/2022
Following MEP backing for CSRD, disclosure requirements for the largest companies will go live from 2024.
ESG / Sustainability
EU Watchdogs Ask for Input on Greenwashing Risks
By ESG Investor | 16/11/2022
The feedback may lead to further supervisory or enforceable action to reduce greenwashing risks; ESAs also call for an extension to the PAI review.
Securities / Derivatives
ESMA Recognises Bursa Malaysia Derivatives Clearing as TC-CCP
By Editors | 16/11/2022
The recognition will make it easier and more cost-effective for European counterparties to access Malaysia’s derivatives market.
Market Infrastructure
Chinese Firms Continue to List GDRs on SIX Swiss Exchange
By Editors | 16/11/2022
Since July eight Chinese companies have raised more than USD 2.5 billion via GDR listings on the SIX Swiss Exchange.
Crypto / Digital Assets
EU Parliament Adopts DORA Text, Enforcement Expected in 2025
By Editors | 14/11/2022
New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.
ESG / Sustainability
Overwhelming Majority for CSRD Secured in EU Parliament
By ESG Investor | 14/11/2022
The EU Parliament has adopted new sustainability reporting rules for large companies under the Corporate Sustainability Reporting Directive.
Capital / Liquidity
India Resists ESMA Requirements on CCP Recognition – Reports
By Manesh Samtani | 14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
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