Fintech / Regtech

APRA to Set Out Expectations for FIs Dealing in Digital Assets

11/04/2022

APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.

Crypto / Digital Assets

Indonesia to Start Taxing Crypto Investments, Fintech Services in May

10/04/2022

Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.

Enforcement

Westpac Super Trustee Fined for Overcharging Commissions

10/04/2022

On top of a A$20mn penalty, BT Funds Management will pay A$9.8mn in remediation to over 9.900 superannuation members.

Securities / Derivatives

HSBC Raises Stake in China Securities Venture to 90pc

10/04/2022

HSBC Qianhai Securities was set up in 2017 and primarily engages in securities underwriting, brokerage and investment advisory services

Securities / Derivatives

Thai SEC to Allow Use of Foreign Custodians in DR Issuance

10/04/2022

Under revised guidelines, depository receipt issuers can directly appoint a global custodian or foreign agent to hold overseas securities.

ESG / Sustainability

Smaller Super Funds Face Bigger Sustainability Challenges: APRA

10/04/2022

On the whole, assets in small and medium sized super funds are declining. Large super funds can more easily spread their costs over a wider membership base.

Central Bank Official Shot as Myanmar Imposes New FX Controls

10/04/2022

The shooting came days after an order requiring all foreign currency held in bank accounts to be converted to kyats. New limits are also being imposed on international cards issued by domestic banks.

Securities / Derivatives

ASX Proposes to Enhance Rules for SPPs, Material Placements

09/04/2022

ASX is seeking views on two alternative bases proposed for conducting a scale-back on security purchase plans, and proposes new disclosure requirements for material placements.

MAS Publishes Compliance Toolkit for Financial Advisers

09/04/2022

The toolkit provides guidance to facilitate compliance by financial advisers with MAS approval and reporting requirements.