Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
SET Revises Rules to Encourage Listings by Foreign Firms
24/02/2022
Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.
Malaysia Announces New Programme to Boost MSME Funding
23/02/2022
Prime Minister Datuk Seri Ismail Sabri Yaakob said the programme include direct loans, financing guarantees and equity injections.
Fintech / Regtech
Korean Think Tank Classifies Some NFTs as Virtual Assets
23/02/2022
NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.
Enforcement
Seoul Court Declares Lime Asset Management Bankrupt
23/02/2022
Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
Big Picture
GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs
23/02/2022
A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.
China: Banks, SOEs Ordered to Report on Ant Group Exposures
23/02/2022
China’s National Audit Office, the CBIRC and other authorities have reportedly asked SOEs and banks to report on their exposures to Ant, its subsidiaries and its shareholders.
FSB Seeks Market Views on Resolving Debt Overhang Issues
23/02/2022
Debt overhang of corporates could create a drag on economic recovery of jurisdictions and pose risks to financial stability, the FSB says.
Enforcement
Australian Court Orders Super Trustee to Pay A$20m
22/02/2022
Aware Financial Services Australia charged over 25,000 customers over AUD 50 million in fees for financial services it did not provide.
Securities / Derivatives
Hang Seng Indexes Company Proposes to Create New China Index
22/02/2022
The proposed index would be comprised of HSCEI constituents as well as some A-shares, according to the consultation paper.
Capital / Liquidity
Bank Liquidity Has Improved Amid Pandemic: BCBS
22/02/2022
Capital shortfalls for the final Basel III requirements are at a historically low level, due at least in part to capital distribution constraints during the pandemic.
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