Posts By Editors, Regulation Asia
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292HKMA, SFC to Proceed With Changes to FSP List
Editors, Regulation Asia June 27, 2022One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.
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321Korea FSS to Punish Illegal Business Lending by Savings Banks
Editors, Regulation Asia June 27, 2022Restrictions on household loans appear to have caused an increase in loans to businesses from savings banks to fund housing purchases.
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536China Approves Plans to Strengthen Payments, Fintech Regulation
Editors, Regulation Asia June 27, 2022The plan, approved by President Xi Jinping, calls for the "complete inclusion" of payments and other financial activities within regulations.
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305Chinese Courts Rule Sales Agreement Involving Crypto as Invalid
Editors, Regulation Asia June 27, 2022The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.
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263ASIC Demands More Transparent Communications from Super Trustees
Editors, Regulation Asia June 27, 2022The communication strategies of some trustees may have risked confusing or misleading members about their product’s performance, ASIC said.
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398Court Rules Foreign Banks Must Face LIBOR Lawsuits in US
Editors, Regulation Asia June 27, 2022The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.
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326CFFEX Proposes to Launch New Derivatives Based on CSI 1000 Index
Editors, Regulation Asia June 27, 2022New futures and options contracts will be based on the CSI 1000 index, which is considered a comprehensive reflection of the small A-share market.
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314SEBI Reviews Plans to Allow FPI Access to Commodity Derivatives
Editors, Regulation Asia June 26, 2022SEBI asked large market participants to recommend risk management measures needed to allow FPI participation in exchange-traded commodity derivatives.
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253RBI Gets Recommendations on Streamlining Regulatory Requirements
Editors, Regulation Asia June 26, 2022The RBI's Regulations Review Authority has also recommended the total elimination of paper-based returns.
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307OJK Indonesia Restricts Stock Trading by Finance Companies
Editors, Regulation Asia June 26, 2022Indonesia's OJK also introduced new reporting requirements for securities companies conducting business as underwriters and broker-dealers.
