Fintech / Regtech

Thailand Finalises Tax Policy for Income from Crypto Trading

02/02/2022

Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.

ESG / Sustainability

Japan Considers Removing Quarterly Reporting Requirements

02/02/2022

A summary report setting out key considerations for the removal of quarterly reporting is expected to be released in the coming months.

Capital / Liquidity

APRA Commences Initiative to Modernise Prudential Architecture

02/02/2022

APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.

Market Infrastructure

China Issues New Rules to Promote Overseas Lending in RMB

02/02/2022

The new rules expand the ability of Chinese banks to lend RMB overseas and cooperate with overseas banks in their loan businesses.

Securities / Derivatives

HKEX Calls for Improved Transparency in Annual Reports

02/02/2022

HKEX has referred cases to the SFC involving newly listed issuers entering investments or arrangements with the professional parties who helped them list.

Market Infrastructure

Chi-X Australia Completes Initial Integration with Cboe

01/02/2022

Cboe Global Markets acquired Chi-X in June 2021. The ongoing integration will bring the BIDS block trading model to the Australian market.

AML / KYC

EBA Launches EuReCA, a Central Database for AML/CFT

01/02/2022

EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

Enforcement

Korea FSS Proposes to Partially Suspend Hana Bank Operations

01/02/2022

The FSS is also proposing to force Hana Bank executives and employees involved in DLF mis-selling to pay penalties.

AML / KYC

Preparatory Work to Implement Basel III is Progressing: HKMA

01/02/2022

The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.