Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
PayNow-UPI Linkage is Ready for Launch: MAS Official
11/01/2023
MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.
ESG / Sustainability
SGX RegCo Finalises Rules on Independent Director Tenure
11/01/2023
Listing rule changes introduce a nine-year tenure limit for independent directors and requirements for enhanced remuneration disclosures in annual reports.
Market Infrastructure
Malaysia SC Revises Guidelines for Credit Rating Agencies
11/01/2023
The revised guidelines introduce higher standards on governance, internal controls and integrity in rating processes and assessments.
Securities / Derivatives
CSRC to Prevent IPOs from Firms in Non-Strategic Sectors
11/01/2023
The move is aimed at channelling resources into sectors that align with the national agenda, such as information technology and advanced manufacturing.
Securities / Derivatives
SEBI Proposes to Standardise Approach to AIF Portfolio Valuation
10/01/2023
SEBI proposes that PE funds, angel funds, and VC funds in India adopt the internationally recognised IPEV guidelines for portfolio valuation.
Securities / Derivatives
China to Crack Down on ‘Malicious Speculation’ in Iron Ore Market
10/01/2023
The NDRC said it will crack down on the spreading of false information, price gouging and speculation to ensure the smooth operation of the iron ore market.
CBIRC Drafts Revisions to Loan Management Rules for Banks
10/01/2023
Among other measures, the rules set requirements on the maximum term of different types of loans, to help banks guard against maturity mismatch risks.
AML / KYC
PBOC Fines Three FIs a Combined $20m for AML Rule Violations
10/01/2023
China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
ASIC: New Register to Specify Whether Advisers Provide Tax Advice
10/01/2023
AFS licensees are responsible for notifying ASIC by 1 February whether their financial advisers can provide tax (financial) advice services.
AML / KYC
Banks Can Perform Re-KYC Process Remotely, Says RBI
10/01/2023
If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.
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