News Centre

UK Financial Conduct Authority: Future Consultation On Strengthening Investor Protections In Special Purpose Acquisition Companies (SPACs)

Date 31/03/2021

We confirm that we will be consulting shortly on amendments to our Listing Rules and related guidance to strengthen protections for investors in Special Purpose Acquisition Companies (SPACs). The consultation will consider the structural features and enhanced disclosure, including a minimum market capitalisation and a redemption option for investors, required to provide appropriate investor protection. Our proposals will help to ensure that SPACs operate within a framework of high regulatory standards and oversight. Where such protections are in place, we consider that the existing presumption of suspension of the listing for such companies at the point of announcement of an acquisition target is no longer required and we therefore intend to consult on this basis, aligning this element of our rules more closely with other major jurisdictions.

Securities Commission Malaysia Investigates Syndicate Suspected Of Running Unlicensed Investment Schemes

Date 31/03/2021

The Securities Commission Malaysia (SC) is investigating a syndicate suspected of running five unlicensed investment schemes, including two clone firm schemes, that had duped hundreds of investors of over RM7 million into unlicensed investment activities. 

UAE Securities And Commodities Authority Is To Launch A Campaign In April, Under The Slogan “Effective Governance Is The Foundation Of Sustainable Development”, To Raise Awareness Of The Importance Of The Governance Of Listed Companies

Date 31/03/2021

As part of the Gulf Investment Awareness Program dubbed “Mulem”, the GCC financial market regulators, in collaboration with the GCC General Secretariat, continue their efforts to raise the investment awareness of market participants and interested parties in the capital markets operating across the GCC member states through a fourth campaign that will be launched by the Securities and Commodities Authority (United Arab Emirates) in April.

Aquis Exchange PLC - Final results For The Year Ended 31 December 2020

Date 31/03/2021

• Final results for the year ended 31 December 2020
• Strong growth across the Group delivers maiden full year profit

Appointments To Hong Kong Securities And Futures Commission Committees

Date 31/03/2021

The Securities and Futures Commission (SFC) is pleased to announce new appointments and reappointments to the following committees with effect from 1 April 2021:

MNI China Liquidity Index™ – Falls To 26.2 In March

Date 31/03/2021

Key Points – March Report

Liquidity eased in March, as the People’s Bank of China was perceived maintaining an ‘ample’ supply of cash, the latest MNI Liquidity Conditions Index shows.

Singapore To Join International Efforts To Support IMF’s Initiatives For Vulnerable Low-Income Countries Impacted By COVID-19

Date 31/03/2021

The Monetary Authority of Singapore (MAS) announced today that Singapore intends to join international efforts to enhance the capacity of the International Monetary Fund (IMF) to assist vulnerable low-income countries in dealing with the economic fallout from the COVID-19 pandemic. This will enable the IMF to support the surge in requests for financial assistance, from these countries.

ASIC Prosecutes Companies For Failing To Lodge Financial Reports

Date 31/03/2021

ASIC prosecuted three companies between 1 July 2020 to 31 December 2020 for failing to comply with their financial reporting obligations.

The Council Of Experts Concerning the Follow-Up Of Japan’s Stewardship Code And Japan’s Corporate Governance Code

Date 31/03/2021

• List of members of the Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code (PDF:86KB)
• Establishment of “Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code”
• Procedures to Run the "Council of Experts Concerning the Follow-Up of Japan's Stewardship Code and Japan's Corporate Governance Code"(PDF:85KB)

Joint Statement Of The 7th ASEAN Finance Ministers And Central Bank Governors’ Meeting (AFMGM)

Date 31/03/2021

Video Conference Meeting, 30 March 2021

1.      The 7th Joint Meeting of the ASEAN Finance Ministers and Central Bank Governors (AFMGM) was convened under the co-chairmanship of Hon. Dato Dr. Mohd Amin Liew Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II of Brunei Darussalam, and Hajah Rokiah Haji Badar, Managing Director of the Autoriti Monetari Brunei Darussalam. The Meeting was held via video conference due to the lingering effects of the COVID-19 pandemic.