News Centre

Hong Kong Securities And Futures Commission Suspends Wang Pei Yi For 10 Months

Date 15/12/2022

The Securities and Futures Commission (SFC) has suspended Ms Wang Pei Yi, a former licensed representative of SinoPac Securities (Asia) Limited (SinoPac), for 10 months from 14 December 2022 to 13 October 2023.

ASIC Industry Funding: Annual Dashboard And Summary Of Variances

Date 15/12/2022

• ASIC has released our 2021-22 annual dashboard outlining our regulatory costs by sector and subsector under the industry funding model (IFM).
• We have also published details about the variance between our estimated and actual costs by subsector.
• 2021-22 levies under the IFM are based on our actual regulatory costs for each subsector and invoices for these levies will be issued to entities between January and March 2023.

Japan Financial Services Agency, - Guideline For Supervision Of Funds Transfer Service Providers - Provisional Translation

Date 15/12/2022

The revised Payment Services Act (Act No. 59 of 2009, hereinafter referred to as “the Act”) came into effect in May 2021, whereby multiple categories of Funds Transfer Service Providers were newly established.

ASIC – Reserve Bank Of Australia Further Regulatory Response Regarding The ASX CHESS Replacement Program

Date 15/12/2022

Today ASIC and the Reserve Bank of Australia (RBA) (the regulators) have taken further action to ensure that all necessary steps are taken by ASX to support and maintain current CHESS until its replacement is successfully implemented.

Japan Financial Services Agency: Finalization Of “The Code Of Conduct For ESG Evaluation And Data Providers”

Date 15/12/2022

1. Finalization of the Code of Conduct for ESG Evaluation and Data Providers

Based on the recommendations of the "Report by the Expert Panel on Sustainable Finance
 (Building A Financial System that Supports a Sustainable Society)" published in June 2021, the Financial Services Agency (FSA) established the Technical Committee for ESG Evaluation and Data Providers, etc. in February 2022 and extensively discuss the current status of ESG evaluation and data, challenges faced by relevant parties in ensuring that ESG evaluation and data are appropriately provided and used, and future developments that are expected.

SGX-Listed Issuers To Return To Physical General Meetings When Govt’s (Temporary Measures) Orders Cease From 1 July 2023

Date 15/12/2022

Singapore Exchange Regulation (SGX RegCo) notes that the Ministry of Law intends to revoke the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings) Orders (Orders) from 1 July 2023.  

ASX Acknowledges ASIC And Reserve Bank Of Australia Requirements Related To CHESS

Date 15/12/2022

ASX acknowledges that the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have set out their immediate requirements and expectations of ASX about current CHESS and the plan to replace it.

Japan Financial Services Agency: Guidelines For Supervision Of Issuers Of Prepaid Payment Instruments （Provisional Translation）

Date 15/12/2022

If an inquiry, etc. is received with regard to the scope, etc. of Prepaid Payment Instruments prescribed in the Payment Services Act (Act No. 59 of 2009, hereinafter referred to as the “Act”), the scope shall be determined as follows.

Singapore: Proposed Alternative Arrangements For Meetings Following The Cessation Of The COVID-19 (Temporary Measures) Orders

Date 15/12/2022

The Ministry of Law earlier today announced  that the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings) Orders (“the Orders”) which enable entities to hold meetings through electronic means, will cease with effect from 1 July 2023. These entities include companies, variable capital companies and business trusts.

New Zealand Financial Markets Authority Warns Pencarrow Private Equity Management For AML/CFT Record-Keeping Failures

Date 15/12/2022

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has formally warned Pencarrow Private Equity Management Limited for breaching record-keeping requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act.