The so-called ‘Myanmar Public Companies Board’ will serve as a stepping stone for domestic companies to list on the YSX, which still lists only 5 companies.
Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.
An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.
The move is expected to increase the pool of professional investors from under 2000 to over 370,000. A new trading venue for unlisted equity securities is also planned.
While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.
Covered supervised institutions have until 1 January 2021 to develop or revise their policies and procedures in accordance with the guidelines.
The project, approved under the FSC's sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.
BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.
The new guidance describes climate change as a "systemic risk that could have a material impact on the future financial position, performance or prospects of entities".
The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.