Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
Hong Kong, US to End Mutual Recognition of Accountants
29/05/2022
An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.
Enforcement
Korea FSS to Extend Woori Bank Embezzlement Probe
29/05/2022
The FSS will seek to understand why Woori’s internal control system failed to detect embezzlement by its employee over ten years.
Securities / Derivatives
SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds
29/05/2022
ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.
Securities / Derivatives
ASIC Proposes to Extend Retail Ban on Binary Options
29/05/2022
ASIC’s product intervention order is due to expire on 7 October 2022. ASIC proposes to extend it until 1 October 2031.
Securities / Derivatives
Japan FSA Revises Rules on Best Execution Policy
28/05/2022
Securities firms are required to provide customers with easy-to-understand descriptions of their best execution policy.
Securities / Derivatives
SSE Proposes to Increase Transparency of Disciplinary Processes
28/05/2022
The SSE is revising its rules on disciplinary actions, reviews and hearings to enhance transparency, standardisation and efficiency.
Capital / Liquidity
MAS Raises OCBC Capital Requirement for Scam Incident
27/05/2022
OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.
Fintech / Regtech
ISLA, ICMA Advance Work to Digitise Industry Documentation
27/05/2022
ISLA and Linklaters are working to automate securities lending contract negotation. ICMA is looking to digitise repo documentation.
ESG / Sustainability
BSP Consults on Sustainable Investment Guidelines for Banks
27/05/2022
The guidelines offer three recommended approaches to help banks assess the sustainability of their prospective investments.
Securities / Derivatives
WFE Sheds Light on Effectiveness of Circuit Breakers
26/05/2022
The study shows that the circuit breakers triggered during the March 2020 volatility contributed to alleviating financial market pressures.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team