Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
SFC Fines Yardley Securities for AML/CFT Breaches
17/03/2021
Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.
Capital / Liquidity
Banks Facing FRTB Data and Modeling Difficulties
17/03/2021
Data was the number one challenge identified for FRTB implementation, with 59% of 131 respondents to a Bloomberg poll citing it as their main challenge.
Securities / Derivatives
PSE Proposes Tighter Rules for Listings via Reverse Takeover
17/03/2021
Companies will be required to conduct a public offering of at least 10 percent of their shares within one year from closing a transaction that results in a backdoor listing.
Enforcement
Australia Considers Legislation to Make Boards Liable for Cyber Risk
17/03/2021
Legislation currently before Parliament includes security obligations for entities responsible for critical infrastructure, a list that will be significantly expanded.
Capital / Liquidity
Thai Banks Announce Lower Dividends Amid Declining Profitability
17/03/2021
The dividend announcements are in line with the central bank’s requirements for banks to limit payouts to 50 percent of 2020 net profit.
Securities / Derivatives
Taiwan FSC Directs More Firms to File Reports in English
17/03/2021
A total of 657 listed companies are required to file English-language reports this year, up from 351 firms last year.
Securities / Derivatives
SEC Thailand Introduces New Securities Licence Types
17/03/2021
The two new licences are for firms that serve as intermediaries only for equity instruments, and for firms managing private funds.
Big Picture
New Report Explores Outlook for Hong Kong Virtual Banks
17/03/2021
The paper features case studies of Revolut and Tinkoff Bank, as well as insights from interviews with all eight Hong Kong virtual banks.
Fintech / Regtech
SGX, Marex Spectron Join Forces on Ferrous Analytics Tools
17/03/2021
Marex Spectron will apply its analytics tools on publicly available data for SGX commodity derivatives to provide Titan OTC participants with in-depth analysis and richer datasets
Securities / Derivatives
ESMA to End 0.1% Threshold for Short Position Reporting
16/03/2021
ESMA says the current financial market environment no longer resembles the emergency situation that required it to tighten short position reporting rules last March.
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