Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
AML / KYC
China Imposes Retaliatory Sanctions Against US Officials
13/07/2020
The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.
Market Infrastructure
SEBI Allows Foreign Stock Exchanges to Set Up in Gift City
13/07/2020
Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.
Fintech / Regtech
MAS, Temasek, JPM Complete Final Phase of Project Ubin
13/07/2020
The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.
Enforcement
CSRC Imposes Underwriting Restrictions on GF Securities
13/07/2020
14 GF Securities officers have also been barred from investment banking. The enforcement action is related to a $12.6bn fraud at drugmaker Kangmei Pharmaceutical.
AML / KYC
US Sanctions Chinese Officials Over Uyghur Human Rights
12/07/2020
US persons and financial institutions are prohibited from conducting financial transactions with any of the four designated individuals.
Securities / Derivatives
China Allows Foreign Bank Branches to Enter Fund Custody Business
12/07/2020
Applicant banks must be of “high quality”, specifically in relation to risk management, international reputation, operating performance, profitability and market share.
Market Infrastructure
Hong Kong Passes Limited Partnership Fund Bill
12/07/2020
The limited partnership fund regime is aimed at attracting private equity, real estate, and venture capital funds to set up and operate in Hong Kong.
Securities / Derivatives
Malaysia Revises Circuit Breaker Mechanism, Price Limits
12/07/2020
The temporary revisions to the static and dynamic price limits, and the circuit breaker, are being implemented to provide added market stability and confidence.
Enforcement
Taiwan FSC Fines Chang Hwa Bank Over Client Theft
11/07/2020
A Chang Hwa Bank consultant was found to have used over $2mn of client money to make up losses for other clients over a ten year period.
Japan FSA Pushes for Sustainability in Bank Business Models
10/07/2020
Management changes may be needed at regional banks that lack sustainability in their business models, says the FSA’s Toshihide Endo.
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