Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
India Establishes Protocols for Interoperable Regulatory Sandbox
17/10/2022
The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
Fintech / Regtech
China to Interlink All Credit Reporting Systems Nationwide
17/10/2022
The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single “credit file”.
Securities / Derivatives
Philippine SEC Authorises Country’s First Corporate Debt Vehicle
17/10/2022
The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.
Securities / Derivatives
SEBI Issues Framework for Dealing with CRA Licence Cancellations
17/10/2022
The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.
ESG / Sustainability
ABS Launches Sustainability Guidelines for Private Banking
17/10/2022
A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.
Securities / Derivatives
Taiwan: 12 Fund Managers Selected to Receive Policy Concessions
17/10/2022
Ten foreign fund managers and two investment trust companies will receive preferential treatment for one year.
Enforcement
Hong Kong Court Convicts Former Fulbright Securities AE
17/10/2022
The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.
AML / KYC
FCA Fines UK Challenger Bank for Weak AML Controls
17/10/2022
Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.
AML / KYC
Thailand Creates Working Group to Tackle Social Media Scams
16/10/2022
Facebook accounts will be tracked and websites will be blocked if they are found to be promoting fraudulent investment schemes or raising funds illegally.
Crypto / Digital Assets
China Blocks 13 Crypto Apps Found to be Locally Accessible
16/10/2022
13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team