
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
KYC & CDD
Isle of Man, Guernsey, Jersey Pause Work on UBO Registers
30/12/2022
Further legal advice is needed following the November judgment by the EU Court of Justice, which found public access to UBO information interferes with the right to privacy.
Climate Risk
China ETS Sees Lower Than Expected Trading Performance
30/12/2022
Only 44 million tonnes of carbon allowances were traded during 2022, down from 179 million tonnes in 2021, though the market has now exceeded CNY 10 billion in cumulative turnover.
Cloud & Infrastructure
InvestHK Launches Platform to Promote Fintech Development
30/12/2022
The ‘FintechHK Community Platform’ allows users from fintechs, corporates, investors, and service providers to connect with one another.
Structural Regulation
FSC Korea to Introduce Takeover Bid Rule for M&A Deals
30/12/2022
The rule will require takeover bidders to offer minority shareholders an opportunity to sell their shares in a corporate merger or acquisition.
Data Privacy
Meta to Pay $725m to Settle Cambridge Analytica Claims
30/12/2022
Facebook allowed Cambridge Analytica to access data of 87 million users. The proposed settlement is the largest ever in a US data privacy class action.
Trading & Investment
UK Court Dismisses Case Seeking LME Disclosures on Cancelled Nickel Trades
30/12/2022
The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were “weak”.
Trading & Investment
NSE Chief Pushes to Extend Trading Hours for Indian Equities
30/12/2022
Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.
Climate Risk
HKMA Revises SPM to Embed Climate Risk in Supervisory Approach
30/12/2022
Revised SPM illustrates the HKMA’s approach to the supervision of emerging risks such as climate risk under its risk-based supervisory approach.
Conduct, Culture & Accountability
SGX RegCo Bars UOBKH from Acting as Issue Manager
29/12/2022
SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.
Sustainable Finance
BSP Unveils 11-Point Sustainable Central Banking Strategy
28/12/2022
The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.
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