Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
FSB Explores Impact of Data Regulation on Cross-border Payments
14/12/2021
The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.
Market Infrastructure
RBI to Require LEI Use in Large Cross-border Transactions
14/12/2021
From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.
Capital / Liquidity
PBOC Raises Forex Reserve Requirement for Banks
14/12/2021
The move will force Chinese banks to more foreign currency at the central bank, and help to contain the renminbi’s appreciation.
AML / KYC
Parallel Myanmar Government Recognises Tether as Official Currency
14/12/2021
The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.
ESG / Sustainability
Thai SEC Consults on Disclosure Guidance for SRI Funds
13/12/2021
Disclosures should include an investment strategy that details the securities analysis and selection process and investment benchmarks used.
Securities / Derivatives
SEBI Seeks to Regulate Algo Trading by Retail Investors
13/12/2021
SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.
Korea Extends Support for Key Industries Through Stabilisation Fund
13/12/2021
The regulator said financial support for key industries will be provided in the amount of KRW 10 trillion until end-December 2022.
China to Enhance Asset Sale Transparency at State-owned FIs
13/12/2021
Assets transfers by state-owned financial institutions must be through open transactions, such as on trading venues, auctions, and competitive negotiations.
ESG / Sustainability
HK Bourse Finalises New Rules on Governance, Board Diversity
13/12/2021
Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.
ESG / Sustainability
Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs
13/12/2021
Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.
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