Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
China Consults on Company Law Revisions to Improve Governance
08/01/2023
The revisions impose stronger corporate social responsibility obligations and require shareholders to make capital contributions if a company cannot repay its debts.
AML / KYC
India: KYC Becomes Mandatory for All Insurance Policies
08/01/2023
KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.
Crypto / Digital Assets
UK Adds Cryptoassets to Investment Manager Exemption
08/01/2023
Global investors using UK investment managers will not be subject to UK tax if they include cryptoassets within their portfolios.
Taiwan FSC to Propose New Regulations for BNPL Sector
08/01/2023
Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.
Securities / Derivatives
First Bangladesh ETFs Secure Regulatory Approval – Report
07/01/2023
The ETFs will be actively managed, one by LankaBangla Asset Management and the other by Frontier Asset Management.
Fintech / Regtech
Korean Payment Firms Required to Improve Fee Transparency
07/01/2023
Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
Securities / Derivatives
China to Probe Corporate Bonds to Prevent Defaults
07/01/2023
Corporate bonds found to have debt repayment risks will be listed as “key focus objects” and subject to additional supervision by a special risk response team.
Crypto / Digital Assets
US SEC Objects to Binance Acquisition of Bankrupt Crypto Lender
07/01/2023
The SEC may be concerned about a possible co-mingling of funds between Binance’s US and global entities to fund the acquisition.
Capital / Liquidity
Indian Banks Can Withstand Even Severe Stress Conditions: RBI
07/01/2023
RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.
CBIRC Proposes Updated Rules for Auto Finance Sector
07/01/2023
Auto finance companies will be allowed to set up overseas subsidiaries to provide financial services to Chinese automakers pursuing international expansion.
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