Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Enforcement

    Japan SESC Recommends $22mn Fine for Nissan Underreporting

    11/12/2019

    The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.

    Fintech / Regtech

    KRX to Tighten Rules on Algorithmic and AI-based Trading

    11/12/2019

    Algorithmic trading is not illegal in Korea, but authorities have long been concerned that the practice may cause market confusion and disadvantage retail investors.

    Enforcement

    Samsung Execs Jailed for Burying Evidence in Accounting Probe

    11/12/2019

    Employees were ordered to destroy and conceal internal documents, including by burying nearly two dozen computers and notebooks as well as computer servers beneath factory floors.

    Market Infrastructure

    RBI to Make NEFT System Available 24×7

    11/12/2019

    From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.

    Fintech / Regtech

    Bank of Papua New Guinea Launches Regulatory Sandbox

    11/12/2019

    Local and foreign financial institutions and fintech firms are welcome to apply to test new products and services that could enhance financial inclusion and the provision of financial services.

    Malaysia’s RHB Bank to Shutter Hong Kong Operations

    11/12/2019

    The move is said to be the result of an “increasingly challenging” operating and broking environment, largely attributed to a slow economy and ongoing civil unrest.

    Enforcement

    SEBI Bans Fidelity Trader and Family Members for Front-Running

    10/12/2019

    The trader used non-public information to front-run impending trades of Fidelity Group entities with his mother and sister’s trading accounts from Hong Kong.

    Securities / Derivatives

    RBI Relaxes Restriction on Foreign Exchange Hedging

    10/12/2019

    Residents and non-residents will be allowed to undertake OTC currency derivative transactions up to $10mn without having to evidence underlying exposure.

    Securities / Derivatives

    SFC, HKMA to Launch New Survey to Assess Product Selling Risks

    10/12/2019

    The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.

    Big Picture

    Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

    10/12/2019

    Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

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