Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Capital / Liquidity
New Zealand Introduce Bill to Enhance Depositor Protections
28/09/2022
The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers’ directors.
Market Infrastructure
SEBI Developing New Settlement Process for Stock Market
28/09/2022
Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.
Crypto / Digital Assets
DBS Rolls Out Crypto Services to 100,000 More Investors
28/09/2022
Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.
Crypto / Digital Assets
Korea FSS Finds More Suspicious Crypto-Linked FX Transactions
28/09/2022
FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
Market Infrastructure
Indonesian Lawmakers Pass Personal Data Protection Law
28/09/2022
The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.
ESG / Sustainability
ESMA Publishes Final Guidelines on MiFID II Suitability Requirements
28/09/2022
Firms will need to help clients understand the concept of sustainability preferences and explain differences between products with and without sustainability features.
AML / KYC
Malaysia Announces New Measures to Combat Financial Scams
28/09/2022
Malaysian banks will migrate SMS OTP to a more secure form of authentication, and further tighten detection rules and triggers to block scam-related transactions.
Enforcement
ASIC Finalises Guidance on Completing Timely Remediations
28/09/2022
ASIC says it should not have to oversee remediations in order for consumers to receive fair and timely outcomes.
Securities / Derivatives
NZ FMA Proposes to Update Guidance on Broker Obligations
28/09/2022
The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
HKMA Launches Enhanced Competency Framework on Compliance
28/09/2022
The ECF-Compliance establishes a set of common and transparent competency standards for practitioners working in banks’ compliance functions.
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