Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
Thai SEC Updates Crypto Rules on Retail Access, Custody, Advertising
18/01/2024
The updates remove some restrictions on retail investors, support the creation of custodial wallet provider businesses, and reduce the documentary burden presented by advertising rules.
Fintech / Regtech
Australia to Establish Risk-based Guardrails for AI Development
18/01/2024
The government will establish mandatory guardrails to promote the safe design, development and deployment of AI systems.
Fintech / Regtech
Taiwan Advances to Third Phase of Open Banking
18/01/2024
The third phase of open banking covers transactions involving deposits, credit cards, loans, payments and mobile phones.
Sanctions
US Sanctions Prompt China Banks to Review Russia Business
18/01/2024
The threat of secondary sanctions has prompted Chinese state-owned banks to review their Russian business and sever ties with clients on the sanctions list.
ESG / Sustainability
UK FCA Forms New Sustainability Working Group for Advice Sector
18/01/2024
The working group will report in the second half of 2024 on how the financial advice sector can deliver good sustainable finance practices.
Sanctions
US Redesignates Yemen’s Houthis as Global Terrorist Group
18/01/2024
The designation comes with sanctions that target the group’s sources of financing and restrict its access to financial markets.
Market Infrastructure
India’s Proposal for T+0 Settlement Will Fragment Market: ASIFMA
18/01/2024
ASIFMA suggests that SEBI wait to see the impact from the US move to T+1 settlement before proceeding to a shorter settlement cycle in India.
Securities / Derivatives
China Reverses Course on Allowing Net Sellers of Equity – Report
18/01/2024
Regulators have reimposed restrictions on securities firms, asking them to avoid being net sellers of equities on certain days.
Securities / Derivatives
Korea to Make Capital Market More “Friendly” to Investors
17/01/2024
A new programme will be introduced to promote valuations improvements for companies and incentivise better disclosure practices.
Market Infrastructure
Xi Jinping Unveils Roadmap for Achieving ‘Financial Powerhouse’ Status
17/01/2024
The Chinese President highlighted the need for stronger connectivity between domestic and foreign financial markets and greater influence over international rules.
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