Structural Regulation

Taiwan: FSC Offical Says No Need for BNPL Regulation

28/02/2024

FSC official said judicial and police authorities can already take action against BNPL operators that engage in illegal activities such as usury or illegal debt collection.

Data Privacy

China Expands State Secrets Law to Include “Work Secrets”

28/02/2024

The expanded law may make it more difficult for foreign firms to access information for making decisions regarding their China operations.

Trading & Investment

HKEX to Launch Self-Match Prevention Service Within Q1

27/02/2024

Testing of the service for the securities market is complete. Firms are encouraged to join a practice session on 9 March to ensure readiness for the launch.

Trading & Investment

Malaysia Commits to Cutting IPO Approval Time to Three Months

27/02/2024

IPO applications submitted from 1 March 2024 will take just 3 months for approval, down from the current 4-12 months typically required.

Trading & Investment

EU Council Adopts New AIFMD, UCITS Rules

27/02/2024

The new rules enhance the integration of asset management markets in Europe, the European Council said.

Structural Regulation

Malaysia SC Extends REITs Annual Report Timeline

27/02/2024

This adjustment aligns the reporting timeline for listed REITs with that of public-listed companies, the SC said.

PEPs & Sanctions

Ukraine Calls on FATF to Take Stronger Action on Russia

26/02/2024

Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.

PEPs & Sanctions

Sanctions Against Chinese Firms are “Unlawful” – MOFCOM

26/02/2024

China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.

Structural Regulation

Australian Senator Calls for New Financial System Inquiry

26/02/2024

Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has “had its day”.