Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Bangladesh Regulator Approves Rules for ‘Alternative Trading Board’
06/12/2019
The Bangladesh Securities and Exchange Commission has approved a set of rules to enable the trading of non-listed companies on a new ATB board.
Capital / Liquidity
CBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units
06/12/2019
The regulator has fixed the minimum net capital for commercial lenders’ wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.
Enforcement
ASIC Files Criminal Charges Against Ex-APRA Manager for False Documents
06/12/2019
The former APRA senior manager has been criminally charged for providing false documents to the regulator while serving as CEO of a credit union.
Enforcement
Nomura Releases New Code of Conduct for Employees
05/12/2019
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
ASIC Bans Cold Call Selling of Life Insurance, CCI Products
05/12/2019
The ban on unsolicited cold-call sales of direct life and consumer credit insurance follows a A$700,000 penalty against CBA’s CommInsure for hawking offences.
Fintech / Regtech
Korea Announces New Measures to Boost Fintech Development
05/12/2019
Among other measures, the FSC said that it would promote the use of regulatory sandboxes to produce at least 100 cases of innovative financial services by March 2020.
Crypto / Digital Assets
ASIC Takes Legal Action Against Unregistered SMSF Scheme Operators
05/12/2019
Investors were encouraged to roll superannuation monies into a self-managed super fund to invest – by way of a loan – in an unregistered scheme operated a former AMP adviser.
Securities / Derivatives
China Extends Income Tax Exemptions for Stock Connect Participants
05/12/2019
Mainland investors’ profits made through Stock Connect and the MRF scheme will be exempt from income tax until 31 December 2022.
Securities / Derivatives
Hong Kong SFC Waives Licensing Fees Amid ‘Challenging’ Environment
05/12/2019
The decision was made to relieve the regulatory cost burden on the securities and futures industry, taking into account the “current challenging market environment”.
AML / KYC
New Zealand Police Releases AML/CTF Assessment
04/12/2019
NZ Police assessment identified trusts as attractive money laundering vehicles given government plans to exclude them from strengthened beneficial ownership disclosure regime
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team