Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
ASX Finalises Changes to Issuer Services Fee Model
06/06/2022
The changes will take effect from 1 July and result in a “substantially simpler, clearer and more predictable” fee model, ASX says.
Crypto / Digital Assets
Hong Kong SFC Issues Warning on NFT-related Risks
06/06/2022
Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.
HSBC, Hang Seng Suffer Internet Banking, ATM Disruption
06/06/2022
Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.
AML / KYC
EU Proposes to Make AML Compliance a Licence Condition
05/06/2022
EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.
RBNZ Proposes Changes to its Monetary Policy Remit
05/06/2022
The RBNZ suggests housing market objectives be excluded from the remit, just a year after it was amended to include house price considerations.
Securities / Derivatives
Dhaka Bourse to Launch First ETFs in Three Months
05/06/2022
BSEC has given consent to allow ETFs to launch in Bangladesh’s capital market. The minimum size of an ETF will be set at $5.6mn.
Securities / Derivatives
Foreign Firms Express Concern Over CSRC Cybersecurity Rules
05/06/2022
Financial firms are reportedly concerned that proposed new rules on cybersecurity could make them vulnerable to hackers and present sector-wide risks.
AML / KYC
Former CSRC Official Sentenced to Death With Reprieve
05/06/2022
A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.
Securities / Derivatives
Philippine: DOF to Have Oversight of FX Trades by Govt Entities
04/06/2022
The Department of Finance is directed through a presidential order to provide oversight of FX derivatives activities of non-bank government entities.
ESG / Sustainability
ESMA Issues Supervisory Guidance on Greenwashing in Funds
04/06/2022
ESMA says administrative measures, including enforcement, may be appropriate in cases where SFDR disclosures are misleading or do not match fund documentation.
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