Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
Korean Regulator Promises to Punish Convertible Bond Abuse
25/01/2023
The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.
AML / KYC
France Maintains Public Access to Beneficial Owners Register
25/01/2023
The French government plans to define the future methods of access “soon”, taking into account the November decision by the CJEU.
JFSA, ECB Agree to Cooperate on Banking Supervision
25/01/2023
The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.
Enforcement
US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures
25/01/2023
SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.
Crypto / Digital Assets
NYDFS Issues Guidance on Crypto Custody and Related Disclosures
25/01/2023
The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.
Capital / Liquidity
BNM Consults on Standardised Approach to Credit Risk Capital
25/01/2023
FIs are asked to provide feedback and complete an accompanying Quantitative Impact Study reporting template.
Crypto / Digital Assets
Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests
25/01/2023
Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.
Crypto / Digital Assets
BISIH London Invites Firms to Test Retail CBDC API Platform
25/01/2023
Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.
Capital / Liquidity
EU Lawmakers Back Draft Law to Implement Basel III
25/01/2023
The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
Market Infrastructure
NYSE System Issue Causes Trading Halts on Major Stocks
25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.
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