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
AML / KYC
UK Government Announces New National Fraud Strategy
04/05/2023
Cold calls for financial products will be banned. Banks may be given more time to process payments to allow suspicious payments to be investigated.
Enforcement
SEBI Seeks More Time to Complete Adani Group Probe
04/05/2023
The probe has made slow progress because of difficulties obtaining information from foreign regulators. Some foreign funds have also refused to identify their beneficial owners.
Enforcement
ASIC Penalises Stockbroker for Mishandling Stock Buyback
04/05/2023
During an on-market buyback, Ord Minnett executed a pre-arranged transaction to buy shares at above-market prices, giving “preferential treatment” to the selling client.
Enforcement
Former CITIC Bank Exec Engaged in Insider Dealing, SFC Says
04/05/2023
The former executive of China CITIC Bank International made HK$3mn from using inside information to trade shares of Bloomage BioTechnology Corporation.
Capital / Liquidity
More Credit Suisse AT1 Bondholders Sue FINMA
04/05/2023
The suit means that investors representing up to a third of the $17bn in AT1 bonds issued by Credit Suisse have now launched legal action.
HKMA Set to Implement New Rules for Trust Business
03/05/2023
Banks must report by 15 May on whether they and/or their subsidiaries carry on trust business in Hong Kong. The new rules commence on 1 June.
ESG / Sustainability
Australia: Taxonomy Needed to Effectively Combat Greenwashing
03/05/2023
Minister Stephen Jones said ASIC will only be able to catch the most egregious examples of greenwashing unless Australia gets its taxonomy right.
AML / KYC
SEBI Mandates LEI Reporting Requirement for Debt Issuers
03/05/2023
Issuers of listed non-convertible securities, securitised debt instruments and security receipts must obtain and report their LEI by 1 September.
AML / KYC
Taiwan to Release New Rules for Crypto in September
03/05/2023
The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.
Crypto / Digital Assets
OFAC Fines Crypto Firm Poloniex for 66,000 Sanctions Violations
03/05/2023
Poloniex allowed customers located in Crimea, Cuba, Iran, Sudan, and Syria to engage in online digital asset-related transactions worth $15.3mn.
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