Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
Japan’s Soramitsu to Study CBDC in Vietnam, Fiji, Philippines
27/06/2022
Japan’s METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.
Securities / Derivatives
HKMA, SFC to Proceed With Changes to FSP List
27/06/2022
One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.
Enforcement
Korea FSS to Punish Illegal Business Lending by Savings Banks
27/06/2022
Restrictions on household loans appear to have caused an increase in loans to businesses from savings banks to fund housing purchases.
Fintech / Regtech
China Approves Plans to Strengthen Payments, Fintech Regulation
27/06/2022
The plan, approved by President Xi Jinping, calls for the “complete inclusion” of payments and other financial activities within regulations.
Crypto / Digital Assets
Chinese Courts Rule Sales Agreement Involving Crypto as Invalid
26/06/2022
The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.
Securities / Derivatives
ASIC Demands More Transparent Communications from Super Trustees
26/06/2022
The communication strategies of some trustees may have risked confusing or misleading members about their product’s performance, ASIC said.
Market Infrastructure
Court Rules Foreign Banks Must Face LIBOR Lawsuits in US
26/06/2022
The 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.
Securities / Derivatives
CFFEX Proposes to Launch New Derivatives Based on CSI 1000 Index
26/06/2022
New futures and options contracts will be based on the CSI 1000 index, which is considered a comprehensive reflection of the small A-share market.
Securities / Derivatives
SEBI Reviews Plans to Allow FPI Access to Commodity Derivatives
26/06/2022
SEBI asked large market participants to recommend risk management measures needed to allow FPI participation in exchange-traded commodity derivatives.
RBI Gets Recommendations on Streamlining Regulatory Requirements
25/06/2022
The RBI’s Regulations Review Authority has also recommended the total elimination of paper-based returns.
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