Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Sanctions
India, Russia to Explore Cross-border Payment Linkages
02/05/2023
India agreed to explore the acceptance of Russian Mir cards, a link with Russia’s Faster Payments System, and adoption of Russia’s financial messaging system.
Sanctions
US Authorities Issues First ‘Wrongful Detention’ Sanctions
02/05/2023
Russia’s Federal Security Service, Iran’s Islamic Revolutionary Guard Corps Intelligence Organization, and four Iranian officials were designated.
Securities / Derivatives
SEBI Bans Brokers from Pledging Client Funds for Bank Guarantees
01/05/2023
Existing bank guarantees created from client funds must be wound down by 30 September, to prevent misuse of investors’ money.
AML / KYC
US Court Convicts Hip Hop Artist Over Jho Low Connection
01/05/2023
Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.
Market Infrastructure
New BOJ Governor to Review Past Monetary Policy Moves
01/05/2023
The review will look into various monetary policy moves taken over the past 25 years, and not be tied to near-term policy shifts.
Enforcement
Chinese Police Question Staff at Bain & Co Shanghai Office
01/05/2023
The news comes after Chinese authorities closed the Beijing offices of Mintz Group and launched a cybersecurity probe into US chipmaker Micron.
Market Infrastructure
PBOC Issues Rules to Facilitate Introduction of Swap Connect
01/05/2023
Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.
AML / KYC
Singapore: 1st Phase of Financial Services and Markets Act Commences
01/05/2023
The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.
Fintech / Regtech
ASX Issues Update on CHESS Replacement Partnership Programme
01/05/2023
Under the A$70mn Partnership Programme, ASX will offer payouts to stakeholders to support their efforts in meeting project milestones.
Securities / Derivatives
Korea Exchange to Jointly Develop Indices With Cboe
01/05/2023
Cboe Global Indices and KRX will publish advanced strategic indices based on Korean derivatives, including KOSPI 200 options.
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