Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
HK ICAC Charges Four for Concealing Backdoor Listing
28/11/2021
A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.
AML / KYC
SEC Thailand Proposes Regulations to Ban Privacy Coins
28/11/2021
The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.
Securities / Derivatives
Chinese, US Authorities Working to Resolve Audit Issues
28/11/2021
CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.
Enforcement
Hong Kong FRC to Increase Public Disclosures on Investigations
28/11/2021
The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.
Enforcement
ASIC Sues ANZ Over Home Loan Introducer Programme
27/11/2021
ASIC says ANZ breached credit laws by accepting customer information and documents from unlicensed individuals, some of which was fraudulent.
Securities / Derivatives
Korea FSS Asks Brokers to Prioritise Consumer Protection
26/11/2021
The FSS is reviewing a decision to penalise nine market-makers, taking into account “self-correcting measures” by individual firms.
ACCC Approves NAB Acquisition of Citi Consumer Business
26/11/2021
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction “would not substantially lessen competition”.
Crypto / Digital Assets
US Regulators Pledge to Provide Clarity on Crypto Next Year
26/11/2021
The Fed, OCC and FDIC plan to provide clarity on whether certain crypto-related activities conducted by banks are “legally permissible”.
Crypto / Digital Assets
FSC Korea Seeks to Criminalise Crypto Market Manipulation
26/11/2021
Those who obtain unfair profits from crypto trading would face at least one year in prison and at least three times the amount gained in fines.
Capital / Liquidity
RBI Proposes Scheme to Rescue PMC Bank Depositors
25/11/2021
PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.
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