Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
CSRC Loosens Rules on New Fundraising by Listed Firms
15/02/2020
The CSRC has relaxed pricing and lock-up restrictions to incentivise listed companies to raise new funding from strategic investors through non-public offerings.
Fintech / Regtech
Australia Blockchain Roadmap Receives Mixed Response
15/02/2020
FinTech Australia chair Alan Tsen says the roadmap is disappointing, lacks vision and focuses on use cases that “felt like they’ve been written by a consulting firm space”.
Enforcement
Ex-China Development Bank Chairman Arrested for Bribes
14/02/2020
Hu Huaibang is said to have used his position to help CEFC China Energy and HNA Group obtain billions of dollars in credit that fuel their expansions.
Fintech / Regtech
Vietnam Scraps Proposed Foreign Ownership Cap for Payments Firms
14/02/2020
The SBV says the 49% foreign ownership limit proposed last November would hamper foreign investment in payments and fintech, and present difficulties for existing players.
BOT Prepares Guidance for Banks on Service Fee Calculations
14/02/2020
The guidance will cover fees for corporate, SME and retail banking customers, as part of a broader push for fairer fee structures.
AML / KYC
OFAC Quietly Blocks Payments with Indirect Links to North Korea – Report
14/02/2020
In private communications with banks, OFAC has been blocking usually-permissible payments with any overseas account that officials believe separately handled funds for North Korea.
ASIC Asks Superannuation Trustees to Improve Member Communications
14/02/2020
ASIC’s review of communications material from 12 superannuation funds found that some trustees are not always sufficiently focused on their members’ needs.
Big Picture
DTCC Calls For Coordinated Effort on DLT Security Framework
14/02/2020
DTCC is calling for a cross-sectoral, coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.
Enforcement
Nissan Seeks Damages from Former Chairman Carlos Ghosn
14/02/2020
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
Capital / Liquidity
HKMA Convenes Special Teleconference on SME, Personal Lending
14/02/2020
The Banking Sector SME Lending Coordination Mechanism discussed ways to extend greater support to SME and retail customers, in light of the Covid-19 threat to cashflows.
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