AI Risk & Governance

Guangzhou to Pilot Regulatory Sandbox for Capital Markets

26/03/2022

Applications from capital markets firms looking to participate in the fintech regulatory sandbox are being accepted until 15 April 2022.

Structural Regulation

Philippines Relaxes Foreign Ownership Caps in Key Sectors

26/03/2022

The 85-year-old Public Service Act has been amended to allow full foreign ownership in the airlines, telecommunications, shipping, railway and irrigation sectors.

Conduct, Culture & Accountability

Taiwan FSC Warns Funds Against Intervening in Management Disputes

26/03/2022

Investment trust companies should not use investors’ funds to intervene in disputes over the management rights of investee companies.

Structural Regulation

NSE, BSE Harmonise Industry Classification Structure for Listed Firms

26/03/2022

The India Industry Classification will come into effect from 31 March, harmonising industry classifications of companies listed and traded on NSE and BSE.

Structural Regulation

India Suspends Plan to Allow Direct Overseas Listings

25/03/2022

Domestic companies can only list overseas after first listing in India. Rule changes that would have allowed direct overseas listings have reportedly been suspended.

Anti-Money Laundering

FSC Korea Starts Enforcing Travel Rule in Crypto Industry

24/03/2022

Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.

DeFi & Web3

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

Cryptocurrency

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

Reporting & Disclosures

IFRS Foundation, GRI to Align Sustainability Reporting Work

24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.