Enforcement

Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

24/03/2022

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.

Fintech / Regtech

Singapore Working Group to Develop BNPL Framework

24/03/2022

The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.

Fintech / Regtech

Thailand Bans Use of Crypto as Means of Payments

24/03/2022

From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.

Capital / Liquidity

RBNZ Raises Transparency of Regulatory Breaches by Banks

24/03/2022

The RBNZ has launched a new register to improve transparency about material breaches of key prudential requirements by banks.

Fintech / Regtech

Malaysia SC Registers Two IEO Platform Operators

24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Securities / Derivatives

SET to Step Up Measures to Address Irregular Trading

23/03/2022

The Stock Exchange of Thailand has received SEC approval to tighten its market surveillance measures, effective from 4 April.

Enforcement

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Securities / Derivatives

ASX to Implement Fallbacks in OTC Interest Rate Derivatives

23/03/2022

From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.

Securities / Derivatives

Chinese Firms Asked to Prepare Audit Documents for US Regulators

23/03/2022

US-listed companies including Baidu, JD.com and Alibaba have reportedly been asked by Chinese regulators to prepare audit documents for US regulators.