Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
Philippine Bourse Seeks Higher Capital Requirements for Brokers
26/12/2019
In the aftermath of a 700-million-peso stock theft, PSE president Ramon Monzon will reportedly propose to more than triple current capital requirements for older firms.
Market Infrastructure
RBI Allows IFSC Banks to Open Foreign Currency Current Accounts
26/12/2019
IFSC Banking Units will be allowed to open foreign currency current accounts for entities operating in Gift City, including non-resident institutional investors and corporate borrowers.
Market Infrastructure
Taiwan FSC Outlines Bank Examination Priorities for 2020
26/12/2019
The FSC’s Financial Examination Bureau will reportedly focus on compliance with rules on AML, corporate governance, information security, consumer protection and personal data protection.
AML / KYC
DFAT to Establish New Australian Sanctions Office from 1 Jan
26/12/2019
As part of the establishment, Australia’s Department of Foreign Affairs and Trade will be rolling out changes to its online sanctions permit platform in early 2020.
Securities / Derivatives
SEBI to End Usage of Pool Accounts for Mutual Fund Transactions
26/12/2019
SEBI found that trading and clearing members used by mutual funds were diverting client funds and securities to meet their own or third-party margin or settlement obligations.
Capital / Liquidity
Australia Proposes Industry-Funded Compensation Scheme of Last Resort
25/12/2019
The scheme will ensure that consumers and small businesses receive a payout in cases where compensation has been awarded but the financial services provider is unable to pay.
Fintech / Regtech
ASIC Publishes Findings from 2019 Regtech Initiatives
25/12/2019
Participants said the exponential growth in data volume means the financial services industry must consider implementing regtech as an ‘imperative’ to undertake risk management and compliance functions.
AML / KYC
ISDA Calls For Guidance on Handling of Derivatives Impacted by Sanctions
25/12/2019
ISDA proposes 8 principles sanctions authorities can consider to ensure safe operation of markets, and minimise derivatives market disruption and economic consequences for non-sanctioned entities.
Market Infrastructure
ASIC, APRA Issue Updates on Governance, Accountability
25/12/2019
The updates are a response to the Royal Commission, which called on both regulators to reform their internal accountability frameworks to reflect requirements prescribed by BEAR.
Securities / Derivatives
HKEX to Shorten IPO Settlement to Single Day
25/12/2019
HKEX hopes to shorten Hong Kong’s five-day IPO settlement process to just one day by end-2020.
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