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Singapore Securities Industry Council ("SIC" Or The "Council") Public Statement On Merger Of Mapletree Commercial Trust And Mapletree North Asia Commercial Trust

Date 15/02/2024

Background

1  On 31 December 2021, Mapletree Commercial Trust Management Ltd. (the “MCT Manager”) and Mapletree North Asia Commercial Trust Management Ltd. (the “MNACT Manager”) announced (the “Joint Announcement”) the proposed merger of MCT and MNACT (the “Merger”) to form Mapletree Pan Asia Commercial Trust (“MPACT”). The Merger was effected through the acquisition by MCT of all the units of MNACT (the “MNACT Units”) by way of a trust scheme of arrangement (the “Trust Scheme”) in accordance with the Singapore Code on Take-overs and Mergers (the “Code”) and the deed of trust constituting MNACT. The Merger was approved by MCT and MNACT unitholders at their respective extraordinary general meetings and the Trust Scheme became effective on 21 July 2022. 

UK Financial Conduct Authority Requests Information From Firms About Delivery Of Their Ongoing Advice Services And The Consumer Duty

Date 15/02/2024

The FCA is today writing to a number of financial adviser firms requesting information about their delivery of ongoing services, for which their clients continue to be charged after advice has been given.

New Appointment To UK Financial Conduct Authority Board Announced

Date 15/02/2024

The Economic Secretary to the Treasury Bim Afolami has appointed Bryan Zhang to the board of the Financial Conduct Authority (FCA).

Request For UK Regulators To Publish An Update On Their Strategic Approach To AI: Secretary Of State Letters

Date 15/02/2024

Letters requesting a set of regulators to update their strategic approach to AI, with the intention of increasing the transparency around how they are implementing the AI Regulation White Paper proposals.

Economist Impact Report For Temenos: Europe’s Banks Are Challenging The Challengers - Europe’s Banks See Migrating Core Banking Systems To The Cloud And SaaS As A Strategic Priority, To Improve Customer Experience And Ensure Operations Are Agile And Secure

Date 15/02/2024

New research from Economist Impact supported by Temenos finds that European banks are fighting back against competition from platform players, neobanks and payment providers.

Advisory Committee On Sustainability Reporting Invites Public Feedback On Proposed Use Of ISSB Standards In Malaysia

Date 15/02/2024

The Advisory Committee on Sustainability Reporting (ACSR) today published a consultation paper to seek public feedback on the proposed use of the sustainability disclosure standards issued by the International Sustainability Standards Board (ISSB Standards).

Advancing Cross-Border Payments And Financial Inclusion, Federal Reserve Governor Michelle W. Bowman, At the 19th BCBS-FSI High-Level Meeting For Africa, Cape Town, South Africa

Date 15/02/2024

Introduction
Thank you to the Financial Stability Institute of the Bank for International Settlements and especially to its Chair, Fernando Restoy for the invitation to speak about these important topics. I'd also like to thank the South African Reserve Bank for hosting this gathering. It is a pleasure to join you in Cape Town, and I am delighted to speak with you about advancing cross-border payments and financial inclusion. I find great value in engaging with and learning from our international colleagues on these international and domestic issues.

Additional Estimates 2023/2024 Opening Statement, 15 February 2024 - Opening Statement By ASIC Chair Joe Longo At The Additional Estimates 2023/2024, 15 February 2024

Date 15/02/2024

I am pleased to appear before the Committee once more today. I am joined by Deputy Chair Sarah Court and Commissioner Kate O’Rourke. I am also pleased to welcome today our newest Commissioners Alan Kirkland and Simone Constant, who commenced at ASIC in November last year.

Bursa Malaysia, IDX, SET, And SGX Group Collaborate To Develop An ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE)

Date 15/02/2024

Bursa Malaysia Berhad (Bursa Malaysia), Indonesia Stock Exchange (IDX), The Stock Exchange of Thailand (SET), and Singapore Exchange (SGX Group), collectively referred to as Participating Exchanges in this context, have announced a collaboration on the ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE), to advance ASEAN’s sustainable development through the implementation of common ESG metrics in their respective data infrastructures. 

ASIC Consults On Changes To OTC Derivative Transaction Rules

Date 15/02/2024

KEY POINTS

• ASIC is consulting on proposed changes to the ASIC Derivative Transaction Rules (Reporting) 2024 and ASIC Derivative Transaction Rules (Clearing) 2015.
• Feedback on the proposals is welcome. Email your submission to otcd@asic.gov.au by 28 March 2024.