Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
CBIRC Instructs Banks to Halt Risky Crude Oil Products – Reports
28/04/2020
The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.
Big Picture
Privacy Concerns, Bank Mistrust Lead to Higher Cash Use: Study
28/04/2020
The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.
Securities / Derivatives
SGX, CITIC Securities Agree to Collaborate Across Borders
28/04/2020
SGX and CITIC Securities will collaborate on FICC, REIT, equity, debt and related derivatives markets, among other areas.
SFC, Competition Commission Agree to Cooperate, Share Information
28/04/2020
The SFC and the Competition Commission can consult each other on issues with significant implications for the other and share information where appropriate.
Enforcement
CSRC Vows Cross-border Cooperation in Luckin Fraud Case
28/04/2020
The CSRC has been communicating with US regulators, looking to deepen cross-border cooperation to combat misconduct and fraud and to protect investors.
Securities / Derivatives
Shenzhen’s ChiNext Moves Closer to Market-based IPO System
28/04/2020
The new registration-based IPO system will simplify the months or years companies typically have to wait before listing their shares.
Securities / Derivatives
Malaysia Extends Short Selling Ban by Two Months
28/04/2020
The short-selling suspension will now last until 30 June 2020, to ensure to manage risks and mitigate any excessive speculative activities.
Market Infrastructure
China: Critical Technology Subject to Cybersecurity Review from 1 June
28/04/2020
The new regulations, jointly released by 12 government agencies, are not intended to restrict or discriminate against foreign products or services, an official said.
AML / KYC
Digital Identification in a Post-COVID World
28/04/2020
Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.
Securities / Derivatives
SEBI Defers Margin Framework, Halves Broker Turnover Fees
28/04/2020
In addition, the filing fees on offer documents for public issues, rights issue and share buybacks have been reduced by 50 percent.
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