Posts By Editors, Regulation Asia
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470Asia-PacificMyanmar to Set Up Alternative Market for Unlisted Companies
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.
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630EnforcementFSS Korea to Probe Major Banks for Mis-sold Financial Products
Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.
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318ChinaCBIRC Fines WeBank $285m for Multiple Lending Violations
An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.
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144KoreaKorea Eases Criteria for Professional Investor Registration
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.
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418AML / KYCSingapore Shell Companies Vulnerable to Money Laundering: MAS
While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.
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251Asia-PacificBSP Issues Guidelines for Banks on Managing IRRBB
Covered supervised institutions have until 1 January 2021 to develop or revise their policies and procedures in accordance with the guidelines.
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279Fintech / RegtechKoscom to Develop New Platform for Trading Unlisted Securities
The project, approved under the FSC's sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.
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321UncategorisedMalaysia to Introduce e-KYC for Money Services Businesses
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.
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367Australia & NZASIC Updates Guidance on Climate Risk Disclosures
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".
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254JapanTOCOM Electricity Futures Approved for 17 September Launch
The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.
