Enforcement

Hong Kong Court Confirms Legality of SFC-CSRC Information Sharing

12/12/2017

Judge rejects legal challenge to transfer of documents seized by SFC during execution of a search warrant to the Chinese securities regulator.

AML / KYC

Australia Makes Cryptocurrencies ‘Equivalent to Cash’ for AML/CTF Purposes

11/12/2017

**Australia joins Japan in recognising cryptocurrencies as a store of value, international transactions of $7,500 or more must be reported.
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Market Infrastructure

Hong Kong Rejects Japan-style Embrace of Cryptocurrencies

11/12/2017

Government official says Hong Kong will continue to regard cryptocurrencies as commodities, won’t legitimise through regulation.

Securities / Derivatives

Malaysia to Allow Retail Investment in Wholesale Bond, Sukuk Market

11/12/2017

**Securities regulator hopes to introduce regulations by first quarter of next year to democratise $300bn market.
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Securities / Derivatives

India to Allow Funds, Portfolio Managers to Invest in Commodity Derivatives

11/12/2017

Securities regulator says market has had insufficient institutional involvement, leading to poor price discovery and risk management.

Capital / Liquidity

PBOC Has Mixed Reaction to IMF Financial Stability Study

11/12/2017

China’s central bank says reports will guide regulatory approach, but disagrees with bank capital and non-performing loan assessments.

Market Infrastructure

Japan, Singapore Developing Cross-border DLT Trade Prototype

07/12/2017

Mitsubishi UFJ- NTT DATA  distributed ledger expected to make cross-border flows more secure through single, unified platform.

Market Infrastructure

China Introduces New Risk Management Rules for Exchange Members

07/12/2017

New rules, which go into effect on 1 June next year, include restrictions on buy-in of securities companies, fund companies and other participants.

AML / KYC

HK SFC Sees Criminal Charges Surge

07/12/2017

Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.