Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
NAFMII Launches Asset-backed Commercial Paper Pilot
04/06/2020
The pilot programme has so far helped 270 small and micro businesses obtain financing by selling their accounts receivables and notes to be securitised.
Securities / Derivatives
ESMA Clarifies Transparency Rules, Position Limits for Non-EU Venues
04/06/2020
ESMA has clarified its application of post-trade transparency requirements and the position limits regime to third-country trading venues.
Enforcement
CSRC Issues Warning Against CICC-controlled Fund Manager
04/06/2020
CICC-Qianhai Development Fund Management is said to have failed to fulfil its due diligence obligations and promised investors minimum returns, contrary to regulations.
Securities / Derivatives
CSRC Green-lights China Pacific Insurance LSE Listing
03/06/2020
If approved by the LSE, China Pacific Insurance will become only the second company to issue GDRs via the Shanghai-London Stock Connect since its launch in June 2019.
ESG / Sustainability
Singapore Banks Pledge Relief to Landlords Providing Rent Waivers
03/06/2020
Singapore authorities, with the support of banks, have announced a package of measures that will help landlords with existing loan commitments and cashflow needs.
Fintech / Regtech
MAS to Assess Covid-19 Impact on Digital Bank Applicants
03/06/2020
MAS will reportedly interview digital bank applicants to understand the changes in their strategy as a result of Covid-19, including any impacts on their funding and profitability plans.
AML / KYC
Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft
03/06/2020
Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.
AML / KYC
US DOJ Unseals Indictment Against North Korea Money Launderers
03/06/2020
The indictment names 28 North Korean and 5 Chinese nationals who were charged for operating a network of over 250 shell companies around the world to procure goods for North Korea.
Enforcement
SEBI Orders Special Audit of Shuttered Franklin Templeton Funds
03/06/2020
A forensic audit firm has reportedly been tasked with determining whether Franklin Templeton colluded with bond issuers and if conflicts of interest were present at the firm.
Securities / Derivatives
China to Launch Low Sulfur Fuel Oil Futures from 22 June
03/06/2020
The CSRC has granted approval for the Shanghai International Energy Trading Center to launch low-sulfur fuel oil futures trading, including for foreign investors.
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