Market Infrastructure

New Supervisory Framework for Internationally Active Insurers

15/11/2019

The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.

Crypto / Digital Assets

HSBC, SGX, Temasek Jointly Explore DLT for Singapore Bond Markets

15/11/2019

The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline bond issuance and servicing workflows.

AML / KYC

MAS to ‘Take Another Crack’ at KYC Utility Project

15/11/2019

The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.

Market Infrastructure

ASIC Offers Guidance to Help Companies Establish Whistleblower Policies

14/11/2019

ASIC is offering guidance to help companies and implement whistleblower policies. It will be a legal requirement to have a policy in place from 1 January.

Securities / Derivatives

Malaysia Central Bank Revises Repo Rules

14/11/2019

New rules increase repo transaction tenor to five years and expand the list of eligible securities allowed in repo transactions.

Crypto / Digital Assets

Regulation Asia Awards for Excellence 2019 – Results Announcement

14/11/2019

Regulation Asia held its second annual Awards ceremony on 13 November 2019 to recognise technology companies, legal and consulting firms, and exchanges that have helped shape the regulatory landscape in Asia Pacific over the past year.

Enforcement

UPDATED – South Korea Cracks Down on High-Risk Derivatives Sales

14/11/2019

Penalties for mis-selling are being toughened to include fines up to 30 million won and punitive fines up to 50 percent of unfair gains. New standards for professional investors also established.

AML / KYC

Inaugural FATF Supervisors’ Forum Meets in China

14/11/2019

The Supervisors’ Forum brought together supervisors from over forty countries to discuss ways in which oversight on ML/TF risks can be enhanced.

Press Release

Regulation Asia Awards: PwC Wins Consulting Firm of the Year

14/11/2019

PwC’s consulting practice in Singapore has won the Consulting Firm of the Year category in the 2nd Regulation Asia Awards for Excellence 2019.