Enforcement

Taiwan’s Shin Kong Bank Fined Over Misappropriated Client Funds

04/01/2024

The FSC said the bank failed to establish internal controls and prevent the misappropriation of client funds by a former wealth manager.

Market Infrastructure

India Launches UPI Block Facility for Stock Market Trades

04/01/2024

Investors can block funds in their bank accounts for secondary market stock trades rather than transfer them to brokers upfront.

AML / KYC

China: Regulator Calls on Banks to Improve FX Business Processes

04/01/2024

Banks should adopt “differentiated” review measures in their FX exchange business and deal with customers according to the level of risk they present.

Securities / Derivatives

Korea Issues Standards for Evaluating Accounting Management Systems

04/01/2024

The FSS issued evaluation and reporting standards and new guidelines for listed companies’ internal accounting management systems.

Securities / Derivatives

AllianceBernstein Wins Approval to Launch China Funds Business

04/01/2024

The approval makes AllianceBernstein the fifth foreign-owned asset manager to win authorisation to start operating mutual funds in China.

Sanctions

EU Sanctions World’s Largest Diamond Producer

04/01/2024

The move is in line with the ban on Russian diamonds introduced as part of the EU’s 12th package of sanctions last month.

Securities / Derivatives

China Adopts Company Law Revisions to Improve Governance

03/01/2024

The revised Company Law, which takes effect from 1 July 2024, improves protections for small and medium-sized shareholders.

Securities / Derivatives

SFC Sets Out Trigger Events Requiring Disclosure by ETF Managers

03/01/2024

The circular lists examples of events that may trigger ongoing disclosure requirements by management companies of ETFs.

Press Release

Regulation Asia: Top 20 News Stories for 2023

02/01/2024

This list presents the most-read news stories published by Regulation Asia in 2023, based on aggregated user traffic analytics.