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

Market Infrastructure
US CHIPS Network Completes Migration to ISO 20022
11/04/2024
The CHIPS network, operated by The Clearing House, has become the first high-value payment system in the US to adopt ISO 20022.

Securities / Derivatives
China Launches New Repo Clearing Service for Interbank Market
11/04/2024
The National Interbank Funding Center and Shanghai Clearing House launched a new general repo clearing service for the interbank bond market.

Market Infrastructure
EU Seeks to Coordinate T+1 Transition with UK, Switzerland
11/04/2024
The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.

Japan Attempts to Tackle Investment Scam Ads on Social Media
11/04/2024
A bill has been submitted to the Diet to implement requirements for social media platform operators to take action against false advertisements.

Fintech / Regtech
Chinese Authorities Issue New Directions to Enhance Payment Services
11/04/2024
The new measures require certain hotels and tourist attractions to accept domestic and overseas bank cards and cash, and offer foreign exchange services.

Securities / Derivatives
US Treasury Proposes Rules for New Stock Buyback Excise Tax
10/04/2024
Corporations that undertake stock buybacks will have to pay a 1% excise tax on the fair market value of net repurchased shares during a tax year.

AML / KYC
Taiwan FSC Calls for Greater Use of Technology to Combat Fraud
10/04/2024
The FSC brought together government agencies as well as the financial, telecommunications, and technology industries to discuss anti-fraud measures.

AML / KYC
Korea: Telecom and Financial Industries Join Forces to Combat Fraud
10/04/2024
Authorities overseeing both industries will quickly share new fraud methods with each other and disseminate this information to individual firms.

Capital / Liquidity
HKMA Consults on Revisions to Bank Disclosure Guidelines
10/04/2024
The revisions are related to the implementation of the Basel III final reform package. The consultation is open until 7 May 2024.

Enforcement
China Launches New Round of Inspections of Regulators, State Banks
10/04/2024
The upcoming inspections will target 34 bodies including financial regulators, stock exchanges, and state-owned banks and insurers.
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