Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Enforcement

    US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber

    05/05/2022

    The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.

    Fintech / Regtech

    FSC Korea Issues New Rules for Fractional Investing Services

    05/05/2022

    The FSC will classify fractional investment products as securities on a case-by-case basis and require issuing firms to adopt investor protection measures.

    Market Infrastructure

    RBA Calls on Major Banks to Enhance NPP Services

    05/05/2022

    The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.

    Capital / Liquidity

    ISDA to Recognise China as Clean Netting Jurisdiction

    04/05/2022

    ISDA plans to publish a legal opinion recognising China as a jurisdiction in which close-out netting can be applied, paving the way for a more diversified onshore derivatives transactions.

    APRA Scraps Expectations on Negative Rate Preparedness

    04/05/2022

    Banks asked for an extension on a 31 July 2022 deadline, citing market conditions and resource pressures due to other priorities.

    Fintech / Regtech

    S. Korea Set to Delay Capital Gains Tax for Crypto

    04/05/2022

    President-elect Yoon Seok-yeol is planning to defer the tax to 2025 to allow time for the enactment of a new set of regulations designed to protect consumers.

    Securities / Derivatives

    AIMA Publishes Institutional Investor Guide on Digital Asset Custody

    04/05/2022

    The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.

    AML / KYC

    BSP Sanctions BDO, UBP Over Unauthorised Bank Transfers

    04/05/2022

    The BSP said it has completed its investigation into the incident and sanctioned both BDO Unibank and UBP, but it did not specify the penalties.

    AML / KYC

    NAB Enters Undertaking to Uplift AML/CTF Compliance

    04/05/2022

    NAB’s action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.

    Enforcement

    UK Regulator Accuses HSBC of Greenwashing Through Advertising

    04/05/2022

    The UK’s advertising watchdog says HSBC misled customers by selectively promoting its green initiatives without mentioning its continued financing of fossil fuel businesses.

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