Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Securities / Derivatives
CSRC Issues New Rules on Investment Fund Fees and Disclosures
22/04/2024
The rules prohibit passive stock funds from using commissions to pay for research and lower the concentration of transaction fees that can be distributed to a single brokerage.
Shanghai to Merge Two State-owned Investment Firms – Report
22/04/2024
The merger will create a $18.2bn investment company, controlled by Shanghai’s government, to back innovation and technology startups.
Securities / Derivatives
NYSE Considers Introducing Round-the-clock Stock Trading
22/04/2024
NYSE is surveying the market on whether round-the-clock trading should take place only through the five-day work week or over weekends as well.
Enforcement
HKMA Fines Hua Nan Commercial Bank Over AML/CFT Controls
22/04/2024
HKMA identified deficiencies in the bank’s ability to continuously monitor some customer relationships over a six-year period.
Enforcement
ECB to Order UniCredit, Raiffeisen to Cut Russia Business – Reports
22/04/2024
Italy’s UniCredit and Austria’s Raiffeisen Bank International are expected to be ordered by the ECB to pare back their Russia business.
Enforcement
Hong Kong AFRC Probing Whistleblower Allegations Against PwC
22/04/2024
The probe was prompted by an anonymous “whistle-blower report” circulating in the media which PwC says contains “inaccurate statements and false allegations”.
Enforcement
OFAC Penalises Thai Petrochemical Firm for Sanctions Violations
21/04/2024
A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.
Enforcement
Australian Court Fines Macquarie for Inadequate Controls
21/04/2024
Macquarie failed to prevent a now jailed financial adviser from fraudulently withdrawing A$2.9mn from customer accounts between 2016 and 2019.
ESG / Sustainability
ISDA Offers Recommendations to Address Greenwashing in VCMs
21/04/2024
Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.
Sanctions
US Sanctions Four Entities Over Pakistan Missile Inputs
21/04/2024
One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.
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