
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Sanctions
EU Sanctions Five Israeli Individuals and Three Entities
17/07/2024
The sanctions were imposed under the EU’s Global Human Rights Sanctions Regime for human rights abuses against Palestinians.

Chinese Firms Claw Back Executive Bonuses Paid in Hong Kong
17/07/2024
Hong Kong-based executives and former employees of some state-owned FIs have been asked in recent months to pay back part of their past bonuses.

Capital / Liquidity
BCBS Finalises Targeted Adjustments to IRRBB Standard
17/07/2024
The BCBS adjusted the specified interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.

Crypto / Digital Assets
Korean Lawmakers Propose Revision Bill to Postpone Crypto Tax
17/07/2024
The financial investment income tax, which would impose a 20-25% capital gains tax on stock, bond and fund investments, is also expected to be abolished or postponed.

Market Infrastructure
UK FCA Finalises Guidance for New Derivatives Reporting Framework
17/07/2024
The FCA finalised Q&As and validation rules to support implementation of the new framework from 30 September 2024.

Market Infrastructure
IAIS Launched Final Public Consultation on Climate Risk
16/07/2024
The fourth and final consultation includes proposed new supporting material to better reflect climate-related risk as part of effective supervisory practice.

Securities / Derivatives
HKEX to Launch ID-based Self-Match Prevention Service on 22 July
16/07/2024
The new “ID-based SMP” service will be available in the derivatives market from 22 July. An optional connectivity test will be provided on 20 July.

Fintech / Regtech
China Issues New Marketing Guidelines for Online Loans
16/07/2024
NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.

Fintech / Regtech
Korea, Indonesia Sign Cross-border Payments MoU
16/07/2024
The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.

Securities / Derivatives
Chinese Commodity Exchanges Lower Hedging Transaction Fees
16/07/2024
The SHFE and INE will halve their hedging transaction fees from 22 July, while the DCE will do so from 1 August.
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