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

    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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