Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
Taiwan FSC Penalises Brokers for Lax Security Controls
04/03/2021
Cathay Securities, Concord Securities and SinoPac Securities were fined the most and barred from certain business and capital raising activities for three months.
Capital / Liquidity
APRA Finalises Reporting Standard for Operational Risk Capital
04/03/2021
APRA has introduced a 35 day lag before data submitted for ARS 115.0 will become non-confidential, to ensure an ADI’s financial disclosures are published first.
Capital / Liquidity
RBNZ Refines Principles Governing Insurance Solvency Review
04/03/2021
The RBNZ says it is confident that the revised principles are now robust, comprehensive and will guide the ongoing policy work on the review of solvency standards.
Market Infrastructure
NSE, INX, MCX to Jointly Set Up New GIFT City Bullion Exchange
04/03/2021
NSE, India INX, MCX, NSDL and CDSL have agreed to set up a bullion exchange, clearing corporation and depository at GIFT City.
Securities / Derivatives
Chinese SOEs to Issue Carbon Neutrality Bonds on Shanghai Bourse
04/03/2021
China Energy Investment Corp, State Power Investment Corp, China Huaneng Group Co and China National Nuclear Corp will issue carbon neutrality bonds on the SSE.
Capital / Liquidity
Korea Extends Loan Deferrals, Regulatory Support for Six Months
04/03/2021
Individuals and businesses who have already received deferrals on loan and interest payments can re-apply for further extensions.
Market Infrastructure
Japan’s Mizuho Bank Suffers Another Outage at ATMs
04/03/2021
Another system failure took down 29 Mizuho ATMs for three hours on Wednesday, just days after more than 5,000 ATMs went offline.
Enforcement
MAS Bans Four Individuals Following False Trading Convictions
04/03/2021
Three former remisiers and one former insurance agent were banned following convictions connected to false trading in Catalist-listed Koyo International.
Securities / Derivatives
CSRC Revises Rules on Corporate Bond Issuance, Ratings
04/03/2021
Companies will no longer be required to engage a rating agency and obtain a credit rating before they issue bonds for sale on the public market.
BNM Revises Guidance on Operational Risk Reporting
03/03/2021
The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.
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