Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
India to Implement Payee Name Checking on RTGS, NEFT by April
05/01/2025
Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.
China NFRA Offers FIs Flexibility to Optimise Governance Structures
05/01/2025
As permitted by the revised Company Law, FIs can disband the board of supervisors and instead have its duties performed by the board-level audit committee.
Securities / Derivatives
HKIC Selects Four Firms to Manage New CIES Portfolio
05/01/2025
Betatron Venture Group, Inno Angel Fund, MindWorks Capital and Radiant Tech Ventures were appointed to manage the new CIES investment portfolio.
AML / KYC
China Consults on Draft CFT rules for Social Organisations
05/01/2025
Under the rules, social organisations have to undertake periodic TF risk assessments and implement risk prevention measures commensurate with their TF risks.
ESG / Sustainability
Philippine SEC Issues Draft Framework for Green Equity Offerings
05/01/2025
The ‘green equity’ designation signifies that over 50% of both revenue and investments are linked to green activities.
AML / KYC
Taiwan to Loosen Rules Imposed on Overseas Securities Clients
04/01/2025
The FSC will make account opening, order verification and fund deposits more convenient for overseas clients
Sanctions
US Sanctions Iranian, Russian Entities for Election Interference
04/01/2025
OFAC said affiliates of Iran’s IRGC and Russia’s GRU aimed to stoke socio-political tensions and influence the 2024 US election
Sanctions
BIS Proposes Rule to Address Foreign Threats in Commercial Drone Market
04/01/2025
The proposed rule seeks to safeguard the supply chain for unmanned aircraft systems or drones against foreign adversarial influences.
Capital / Liquidity
Taiwan FSC Amends FRTB and CVA Risk Requirements
04/01/2025
FSC announced changes to requirements for calculating capital for market risk, CVA risk, and securitisation exposures
Capital / Liquidity
OJK Indonesia Adjusts LCR, NSFR Regulations for Banks
04/01/2025
The amendments will require all conventional commercial banks including smaller banks to comply with the LCR and NSFR rules.
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