Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
South Korea Seizes Assets from Crypto Lender Delio
25/07/2023
Prosecutors and the FSC seized “all company and customer assets, including Delio’s cold wallets and ledgers”.
Capital / Liquidity
Ukraine Government Nationalises Russian-owned Sense Bank
25/07/2023
A bill was signed into law in June that allows Ukraine’s government to nationalise banks owned by sanctioned Russian actors
Crypto / Digital Assets
Banque de France Releases New Findings from CBDC Experiments
25/07/2023
Banque de France has determined that wholesale CBDC would improve cross-border payments, settlement finality, and security for a “vast range of financial assets”.
Capital / Liquidity
UBS Penalised $388m Over Credit Suisse’s Archegos Failings
25/07/2023
US, UK, and Swiss regulators took coordinated action to punish the “unsafe and unsound” risk management practices at Credit Suisse.
Securities / Derivatives
Enhancements to Wealth Connect, Bond Connect Coming ‘Soon’
25/07/2023
Regulators to include more products in Wealth Connect and southbound Bond Connect, while allowing more investors to participate.
Market Infrastructure
China Issues Draft Rules to Boost Cross-Border Trade and Investment
25/07/2023
China’s foreign exchange regulator, SAFE, proposes draft rules to advance cross-border trade, calling for public input until 2 August 2023.
ESG / Sustainability
IFRS Publishes Comparative Analysis of IFRS S2 and TCFD
25/07/2023
The comparative analysis highlights that the requirements outlined in IFRS S2 are consistent with the TCFD recommendations.
AML / KYC
Disgraced Former CSRC Official Has a New Job at PBOC – Report
25/07/2023
Former CSRC chief Liu Shiyu was previously punished for using his position and power to seek personal gains for others.
Securities / Derivatives
CSRC Issues Rules on Short-term Stock Trading by Company Insiders
25/07/2023
The rules apply to major shareholders, directors, supervisors, and senior managers of listed companies, as well as their spouses, parents, and children.
Market Infrastructure
EU Reaches Agreement on Rule Enhancements for Investment Funds
25/07/2023
AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.
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