Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
FSS Korea Confirms Misconduct Case at Lotte Card Co
30/08/2023
Two Lotte Card employees conspired to help a subcontractor win a deal and then the three shared in the proceeds.
Crypto / Digital Assets
UK Proposes Blanket Ban on Cold Calls for Financial Services
30/08/2023
The ban on cold calling, as proposed, would cover banking, payments, insurance, mortgages, various tangible investments, and cryptoassets.
Fintech / Regtech
Singapore, India Complete First Interoperable eBL Transaction
29/08/2023
Supported by Enterprise Singapore, DBS Bank completed the transaction in partnership with Maptrasco using IMDA’s TradeTrust framework.
Securities / Derivatives
Malaysia SC Further Liberalises Fund Management Industry
29/08/2023
The measures are designed to give high net worth entities and institutional investors access to a wider range of investment options.
Market Infrastructure
Japan Cyber Agency Hit by State-Sponsored Hack – Report
29/08/2023
THe breach initially occurred in October last year. NISC did not spot the problem until June this year and then disclosed it on 4 August.
Taiwan Tightens Telemarketing Rules for Banks
29/08/2023
The new rules will take effect after a nine-month grace period to allow time for banks to make adjustments to their systems and processes.
Enforcement
ASIC’s New 4-Year Plan Highlights Heavy Enforcement Focus
29/08/2023
ASIC will target scams, digitally-enabled misconduct, predatory lending, and greenwashing, while also “closely monitoring” the use of AI.
Crypto / Digital Assets
HashKey Announces Launch of Retail Crypto Trading Service
29/08/2023
HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.
Market Infrastructure
KSD-Euroclear Trading Link to Open in H1 2024
29/08/2023
The link will enable international investors to access Korean government bonds via an omnibus account opened by Euroclear at the KSD.
Securities / Derivatives
SEBI to Require Intermediaries to Sever Ties with Unregistered ‘Finfluencers’
28/08/2023
SEBI-registered intermediaries and regulated entities would also be required to stop disbursing referral fees to unregistered entities such as “finfluencers”.
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