Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Singapore Proposes to Permanently Allow Electronic Meetings
10/02/2023
Under proposed amendments, companies, VCCs and business trusts will continue to have the option of conducting fully virtual or hybrid general meetings.
AML / KYC
Japan FSA Issues Draft Rules for Travel Rule Implementation
10/02/2023
The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.
Crypto / Digital Assets
US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme
10/02/2023
Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.
Chinese Regulators Uneasy Over Surge in Early Mortgage Repayments
09/02/2023
The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.
Fintech / Regtech
Thailand Securities Depository Enhance Digital Services
09/02/2023
TSD enhanced its Investor Portal and launched a new service that provides shareholder meeting notices and documents in electronic format.
Korea Enhances Loan Refinancing Programme for Small Business
09/02/2023
From March, the programme can be used by more small businesses. Loan limits and the permitted tenure will also be doubled.
Fintech / Regtech
US Treasury Calls for Caution When Adopting Cloud Tech
09/02/2023
Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.
Capital / Liquidity
Korea FSS to Target Bank Governance in 2023 Workplan
09/02/2023
Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.
Enforcement
ASIC to Restructure to Enable Faster Enforcement Decisions
09/02/2023
ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.
Crypto / Digital Assets
US SEC Close to Settling Probe Against Crypto Firm Kraken
09/02/2023
Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.
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