Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
RBI Allows Banks to Introduce Card Token Facilities
09/10/2023
Card token creation has until now only been available through merchant applications or websites, not issuer banks.
Enforcement
Korean Investors Warned About Illegal Overseas Trading
09/10/2023
The FSC and FSS say there has been a recent increase in the number of foreign investigations involving Korean investors.
Securities / Derivatives
SEBI Forms 16 Working Groups to Focus on Rule Simplification
09/10/2023
SEBI is additionally inviting suggestions from the public and regulated entities on ways to simplify, ease and reduce cost of compliance.
Securities / Derivatives
Taiwan: 11 Fund Managers Selected to Receive Policy Concessions
09/10/2023
Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.
ESG / Sustainability
European Parliament Adopts New Standards for Green Bonds
09/10/2023
The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.
Citi Announces Deal to Sell China Consumer Business to HSBC
09/10/2023
Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.
Market Infrastructure
India, UAE Sign Agreement to Interlink Payment Systems
09/10/2023
India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.
Securities / Derivatives
ESMA Consults on Potential Move to Shorter Securities Settlement Cycle
08/10/2023
ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.
MAS and Industry Bodies Publish Financial Planning Guide
08/10/2023
Financial advisory firms and their representatives are asked to refer to the guide in their financial planning conversations with customers.
Crypto / Digital Assets
China Establishes CBDC Connectivity with Hong Kong FPS
07/10/2023
Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.
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