
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
South Pacific Nations Complete First Phase of KYC Facility Project
22/11/2020
The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.
Market Infrastructure
FSC Korea Set to Implement Financial Benchmark Act
22/11/2020
The FSC has enacted an enforcement decree setting out the requirements for benchmark administrators, contributors and users.
Enforcement
ASIC Orders Fund Manager to Stop Misleading Radio Advertising
22/11/2020
The stop order prohibits Skyring Funds Management from comparing its fixed income fund to bank-issued deposit products in advertising.
MAS Finalises New Rules for Insurers Managing Par Funds
22/11/2020
New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.
Market Infrastructure
Industry Bodies Call For Delay to EU Third-country Benchmarks Regime
22/11/2020
ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.
Capital / Liquidity
SGX to Enhance Clearing Member Default Management Process
22/11/2020
SGX proposes to align CDP’s default management practices with global standards and improve the efficiency and speed with which defaults may be resolved.
Securities / Derivatives
UPDATED – First Brokers Approved to Use TSE’s CONNEQTOR Platform
22/11/2020
CONNEQTOR enables institutional investors who want to trade a particular ETF at a particular quantity to send an RFQs to market makers.
Market Infrastructure
HKMA Expands List of Eligible Collateral for RMB Facility
21/11/2020
Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.
Securities / Derivatives
NAFMII Issues New Rules for Interbank Bond Market
20/11/2020
The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.
Capital / Liquidity
APRA Halves CBA Operational Risk Capital Add-on
20/11/2020
CBA has made “significant progress” in areas such as risk management and compliance, remuneration and risk culture, APRA says.
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