Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Australia Consults on Possible Changes to ASIC Funding Model
04/10/2022
Discussion paper asks whether there are opportunities to simplify the design, structure, and legislative framework for ASIC’s industry funding model.
Capital / Liquidity
RBI Categorises 16 Large NBFCs in Upper Layer
04/10/2022
The NBFCs are directed to put in place a board approved policy for adoption of the RBI’s enhanced regulatory framework for NBFCs within 24 months.
Enforcement
China FX Regulator Fines Ten Banks for Violations
04/10/2022
China Development Bank was handed the largest penalty, amounting to CNY 42.7 million. The other nine banks were fined a combined CNY 6.6 million.
Securities / Derivatives
HKSCC Calls for Applicants to Become Authorised Brokers
04/10/2022
Authorised brokers will deal in securities on HKSCC’s behalf. Up to 10 participants will be appointed and expected to start providing services tentatively in Q3 2023.
ESG / Sustainability
TWSE Issues Governance Guidance for Listed Company Directors
04/10/2022
The guidance provides a reference for how independent directors should be selected, how they should perform their duties, and their role in audit committees.
Securities / Derivatives
SEBI to Amend IPO Framework, Introduce Bond Platform Rules
04/10/2022
At its board meeting, SEBI also decided to allow net settlement between the cash and derivatives segments, which will enable netting benefits and reduce margins.
China: Banks Directed to Boost Movable Asset-Based Financing
04/10/2022
New regulatory guidance calls on banks to offer businesses movable property- and rights-based financing, and to expand the types of collateral they accept for loans.
Fintech / Regtech
ISDA Nears Completion of Work to Digitise CFTC Reporting Rules
04/10/2022
ISDA working groups are transforming CFTC swap data reporting rules into machine-executable code ahead of implementation on 5 December.
AML / KYC
Australian Regulators Propose Measures to Address De-Banking
04/10/2022
A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.
Crypto / Digital Assets
US SEC Fines Celebrity Kim Kardashian for Promoting Crypto
04/10/2022
Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.
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