Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Korean Savings Banks Directed to Improve Internal Controls
17/01/2023
New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
EU Regulators to Scrutinise Financial Product Marketing
17/01/2023
A review will be undertaken this year to assess whether marketing and advertising comply with MiFID II disclosure rules.
Fintech / Regtech
Non-Resident Indians Allowed to Make UPI Transfers
17/01/2023
NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.
Securities / Derivatives
India to Complete Transition to T+1 on 27 January
17/01/2023
All large-cap and blue-chip stocks will move to the shortened T+1 settlement cycle on 27 January. Market liquidity and trading volumes are expected to improve.
Securities / Derivatives
Shanghai Seeks to Add ‘Green Equities’ to Stock Connect
17/01/2023
The Shanghai regulator is also seeking to explore the possibility of adding bond targets to the Hong Kong Stock Connect.
Crypto / Digital Assets
Korea FSS to Develop Crypto Market Monitoring Tool
17/01/2023
At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.
Crypto / Digital Assets
Iran, Russia Working on Gold-Backed Stablecoin – Report
17/01/2023
The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.
Enforcement
Taiwan Passes Law Changes to Deter Property Speculation
17/01/2023
The amendments introduce fines up to TWD 50 million for market manipulation and the spreading of false information regarding housing prices.
Market Infrastructure
China Directs Banks to Use Yuan in Cross-border Transactions
17/01/2023
Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.
Crypto / Digital Assets
Nepal ISPs Ordered to Block Crypto Websites, Apps
17/01/2023
Nepal declared crypto illegal in September 2021. The order for ISPs and email providers to block crypto websites and apps is new.
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