Posts By Editors, Regulation Asia
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346EnforcementHK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws
Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan's regulator.
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236ChinaCSRC Loosens Rules on New Fundraising by Listed Firms
The CSRC has relaxed pricing and lock-up restrictions to incentivise listed companies to raise new funding from strategic investors through non-public offerings.
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855Australia & NZAustralia Blockchain Roadmap Receives Mixed Response
FinTech Australia chair Alan Tsen says the roadmap is disappointing, lacks vision and focuses on use cases that "felt like they’ve been written by a consulting firm space".
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509ChinaEx-China Development Bank Chairman Arrested for Bribes
Hu Huaibang is said to have used his position to help CEFC China Energy and HNA Group obtain billions of dollars in credit that fuel their expansions.
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320Asia-PacificVietnam Scraps Proposed Foreign Ownership Cap for Payments Firms
The SBV says the 49% foreign ownership limit proposed last November would hamper foreign investment in payments and fintech, and present difficulties for existing players.
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300Asia-PacificBOT Prepares Guidance for Banks on Service Fee Calculations
The guidance will cover fees for corporate, SME and retail banking customers, as part of a broader push for fairer fee structures.
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402AML / KYCOFAC Quietly Blocks Payments with Indirect Links to North Korea – Report
In private communications with banks, OFAC has been blocking usually-permissible payments with any overseas account that officials believe separately handled funds for North Korea.
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221Australia & NZASIC Asks Superannuation Trustees to Improve Member Communications
ASIC's review of communications material from 12 superannuation funds found that some trustees are not always sufficiently focused on their members’ needs.
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410Big PictureDTCC Calls For Coordinated Effort on DLT Security Framework
DTCC is calling for a cross-sectoral, coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.
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216EnforcementNissan Seeks Damages from Former Chairman Carlos Ghosn
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
