
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Crypto / Digital Assets
US SEC Proposes to Tighten Custody Rules Including for Crypto
15/02/2023
The proposed change is expected to make it more difficult for asset managers to invest in crypto assets on behalf of clients.

Market Infrastructure
ASIC to Modify Scope of Clearing Derivatives Obligation
15/02/2023
ASIC proposes to replace products referencing USD LIBOR with OIS contracts referencing SOFR, and to remove AUD forward rate agreements.

Securities / Derivatives
CSRC Seeks Assurances from Warburg Pincus for Local Acquisition
15/02/2023
Warburg Pincus is planning to acquire a 23.3 percent stake in Zhong Ou Asset Management Co from Italy’s Intesa Sanpaolo.

ESG / Sustainability
Singapore Taskforce Issues Final Consultation on Green Taxonomy
15/02/2023
This third consultation seeks views on thresholds and criteria for five sectors. GFIT intends to publish the final taxonomy by 1H 2023.

Crypto / Digital Assets
FSS Korea to Prepare Industry Guidance on Security Tokens
15/02/2023
The FSS has formed a task force to support the industry in making determinations on whether virtual assets are securities.

Fintech / Regtech
UK Proposes Draft Legislation to Regulate BNPL Products
15/02/2023
The legislation will bring BNPL products under the FCA’s regulatory remit, and require BNPL providers to conduct affordability checks.

Market Infrastructure
Beijing Bourse Launches Margin Trading, Securities Lending
15/02/2023
On Monday, eligible securities firms were for the first time allowed conduct margin trading and securities lending transactions on the Beijing Stock Exchange.

Enforcement
Japan Court Orders SMBC Nikko to Pay 5 Billion Yen Penalty
15/02/2023
SMBC Nikko Securities propped up the prices of ten stocks before arranging block trades between major shareholders and investors.

Crypto / Digital Assets
EU Commission Launches Regulatory Sandbox for DLT Innovators
15/02/2023
The sandbox establishes a pan-European framework for regulatory dialogue to increase legal certainty for innovative blockchain solutions.

AML / KYC
EU Adds Four Countries to List of Uncooperative Tax Jurisdictions
15/02/2023
BVI, Costa Rica, Marshall Islands and Russia were added to the list. Hong Kong and Malaysia were granted an extension to complete reforms.
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