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
US Lawmakers Introduce Bills to Increase FinCEN Accountability
15/06/2023
One of the bills will delay the effective date for the upcoming beneficial ownership information reporting requirements.
Market Infrastructure
India Supervisory Regime for CCPs Gains UK Equivalence
15/06/2023
Indian CCPs have been facing the possibility of losing their ability to provide clearing services to UK market participants.
Capital / Liquidity
US Lawmaker Calls for Reversal of FSOC Plans for Nonbank FIs
14/06/2023
Patrick McHenry said the FSOC’s plans to designate non-bank financial entities as systemically important based on size rather than activities will be problematic.
Crypto / Digital Assets
US Federal Judge Declines to Freeze Binance.US Assets
14/06/2023
The federal judge overseeing the case ordered the SEC and Binance.US to negotiate other restrictions instead.
Crypto / Digital Assets
MAS Grants Crypto Bank Sygnum In-Principle Licence Approval
14/06/2023
Sygnum said it would expand its Singapore offering to include regulated crypto brokerage services, available to accredited and institutional investors.
India, Myanmar to Start Using Rupee for Trade Settlements “Soon”
13/06/2023
The RBI has so far authorised Punjab National Bank to open a special rupee vostro account for foreign trade settlements with Myanmar.
Fintech / Regtech
India in Talks to Extend UPI’s Reach to Gulf Countries
13/06/2023
India’s NPCI, with support from the RBI, is in talks to establish bank-to-bank transfer systems for cross-border remittances to Bahrain and Saudi Arabia.
Market Infrastructure
ASIC Invites Regulated Entities to Assess Cyber Resilience
13/06/2023
ASIC’s cyber pulse survey will measure entities’ current cyber security and controls, governance arrangements, and incident preparedness.
Securities / Derivatives
CSRC Proposes New Rules for Fund Investment Advisory Industry
13/06/2023
The draft rules seek to strengthen supervision and control of fund investment consulting businesses, and improve services for investors.
Enforcement
Taiwan FSC Raise Cap on Whistleblower Rewards by 25pc
13/06/2023
Whistleblowers can be paid up to TWD 5 million (USD 161,000) for reporting illegality, financial misconduct and fraud.
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