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
Enforcement
Australian Court Orders OnePath Custodians to Pay A$5m Penalty
03/12/2023
OnePath Custodians made false or misleading representations and deducted fees from members for advice services they did not receive.
Sanctions
OFAC Sanctions More Companies, Vessels for Breaching Russia Oil Price Cap
03/12/2023
Latest sanctions target companies in the UAE and Liberia and three vessels in response to breaches of the G7 price cap on Russian oil.
Securities / Derivatives
New Zealand FMA to Cooperate with FMSB on Market Standards
01/12/2023
Good industry standards can complement principle-based laws and drive robust operational practices among market intermediaries, the FMA said.
ESG / Sustainability
Four Banks and an Insurer Have Quit SBTi – Reports
01/12/2023
Standard Chartered, HSBC, Societe Generale, ABN Amro and Allianz have left the UN-backed Science Based Targets Initiative.
Securities / Derivatives
Bursa Malaysia Proposes Amendments to Listing Requirements
01/12/2023
The amendments will enhance transparency on fund-raising exercises and require disclosure of CEO remuneration on a named basis.
Enforcement
US PCAOB Fines Chinese Audit Firm and PwC Units
01/12/2023
PwC’s Hong Kong and China units were fined a combined $7mn for failing to prevent exam cheating by over 1,000 individuals between 2018 and 2020.
Sanctions
OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds
01/12/2023
OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.
Crypto / Digital Assets
US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms
30/11/2023
Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.
APRA Consults on Next Phase of Super Fund Reporting Requirements
30/11/2023
The new collections will include data on trustee boards, product distribution arrangements, investment governance, investment manager costs, and financial statements.
Enforcement
Korean Banks, Brokers, Execs Sanctioned Over Mis-sold Funds
30/11/2023
A number of CEOs and former CEOs were sanctioned over the mis-selling of funds tied to Lime Asset Management and Optimus Asset Management.
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