Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
SEBI Seeks Broader Powers to Pursue Securities Law Violations
25/03/2019
SEBI wants to be able to inspect the books of listed companies when it suspects any securities law violations, and to impose penalties for the manipulation of a company’s accounts.
Securities / Derivatives
S. Korea to Reduce Securities Transaction Tax This Year
25/03/2019
The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.
Capital / Liquidity
S. Korea to Make Loan Approvals More Startup Friendly
25/03/2019
The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.
ESG / Sustainability
FIs Should Consider Climate in Risk Management Frameworks – APRA
25/03/2019
Australia’s banking regulator will enhance its scrutiny on how banks, insurers and super funds are mitigating climate-related risks to their businesses.
Securities / Derivatives
JPX-TOCOM Merger Agreement Expected by End-March
22/03/2019
JPX and TOCOM plan to merge this year to create an all-in-one bourse that handles both stocks and commodity futures, but challenges will remain even after a final agreement is reached.
Enforcement
S. Korea FSS’ Integrity Questioned in Local Report
22/03/2019
As discussions progress on granting the FSS greater investigative powers, a local media report raised questions on the regulator’s integrity, citing its 2018 requests that fines against its staff be dismissed.
Enforcement
Singapore Court Issues First Jail Sentence for 2013 Penny Stock Crash
22/03/2019
Former Ipco International interim CEO Goh Hin Calm was sentenced to three years imprisonment for his role in the 2013 multi-billion-dollar penny stock crash.
Enforcement
UK FCA Fines UBS for MiFID Transaction Reporting Failures
22/03/2019
Over 9.5 years, UBS AG made 135.8 million errors in its transaction reporting, over a third of which involved erroneously reported transactions which were not in fact reportable.
Securities / Derivatives
ISDA Publishes Full Version of Derivatives Lifecycle Blueprint
22/03/2019
The ISDA Common Domain Model for interest rate and credit derivatives has been published, part of a push to standardise global derivatives trading and automate market practices.
Securities / Derivatives
SFC Orders Brokers to Freeze Client Assets in Market Manipulation Case
22/03/2019
The prohibition orders as part an investigation into suspicious trading which appeared to create a false market in China Ding Yi Feng shares leading to an “irrationally high share price”.
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