Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
HKMA Says More Central Banks Will Join mBridge Platform
23/09/2023
HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.
Korea to Relax Rules to Boost Offshore Lending and Trade Finance
23/09/2023
The changes will enable financial institutions, including foreign banks operating in Korea, to transfer foreign currency denominated debt to overseas entities.
Securities / Derivatives
Malaysia SC Outlines Ongoing Initiatives to Boost Capital Market
23/09/2023
The measures include a lower stamp duty, the introduction of fractional share trading, and a faster IPO process.
Sanctions
US Sanctions Entities Linked to Iranian Drone Production
23/09/2023
The sanctions target entities in Iran, China, Russia, and Turkey for aiding the production, maintenance, and procurement of drones and military aircraft by Iran.
Securities / Derivatives
CSRC Plans Reforms to Drive Better Dividend Payouts by Listed Companies
22/09/2023
Companies that don’t pay dividends will be required to justify these decisions, and restrictions on stock sales may be imposed on their controlling shareholders.
Securities / Derivatives
China Considers Looser Restrictions on Foreign Ownership in Listed Companies
22/09/2023
China currently caps total foreign ownership in local listed companies at 30%, and subjects a single foreign shareholder to a 10% limit.
RBI Revises Guidelines on Identification of ‘Wilful Defaulters’
22/09/2023
Lenders will have just six months after an account is categorised as non-performing to classify the borrower as a wilful defaulter.
SFC Finalises Revisions to Takeovers and Share Buybacks Codes
22/09/2023
The amended Codes on Takeovers and Mergers and Share Buy-backs will be gazetted on 29 September 2023 and then take effect immediately.
APRA to Enhance Standards on Superannuation Member Outcomes
22/09/2023
Deputy chair Margaret Cole said updating SPS 515 was one of APRA’s most important policy priorities in superannuation.
Capital / Liquidity
RBI Extends Basel III Requirements to National Financial Institutions
22/09/2023
The five All India Financial Institutions will have to comply with Basel III capital adequacy requirements from April 2024.
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