
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

KYC & CDD
India: KYC Becomes Mandatory for All Insurance Policies
08/01/2023
KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.

Cryptocurrency
UK Adds Cryptoassets to Investment Manager Exemption
08/01/2023
Global investors using UK investment managers will not be subject to UK tax if they include cryptoassets within their portfolios.

Credit Risk
Taiwan FSC to Propose New Regulations for BNPL Sector
08/01/2023
Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.

Trading & Investment
First Bangladesh ETFs Secure Regulatory Approval – Report
07/01/2023
The ETFs will be actively managed, one by LankaBangla Asset Management and the other by Frontier Asset Management.

Payments & Settlements
Korean Payment Firms Required to Improve Fee Transparency
07/01/2023
Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.

Credit Risk
China to Probe Corporate Bonds to Prevent Defaults
07/01/2023
Corporate bonds found to have debt repayment risks will be listed as “key focus objects” and subject to additional supervision by a special risk response team.

Cryptocurrency
US SEC Objects to Binance Acquisition of Bankrupt Crypto Lender
07/01/2023
The SEC may be concerned about a possible co-mingling of funds between Binance’s US and global entities to fund the acquisition.

Credit Risk
Indian Banks Can Withstand Even Severe Stress Conditions: RBI
07/01/2023
RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

Emerging Prudential Risks
CBIRC Proposes Updated Rules for Auto Finance Sector
07/01/2023
Auto finance companies will be allowed to set up overseas subsidiaries to provide financial services to Chinese automakers pursuing international expansion.

Emerging Prudential Risks
China Allows Cities With Falling Home Sales to Lower Mortgage Rates
06/01/2023
China’s FSDC has also told banking and securities regulators to ensure extra support is provided to “systemically important” property developers.
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