Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
BOK Selects 2022 Market Makers for Won-Yuan Direct Market
04/01/2022
Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.
Securities / Derivatives
Malaysia Raises Stamp Duty on Stock Transactions
03/01/2022
The stamp duty on share contract notes has been raised from 0.1 percent to 0.15 percent, subject to a MYR 1,000 cap.
Enforcement
Taiwan FSC Fines Three Banks Over Client Fund Embezzlement
03/01/2022
CTBC Bank was fined TWD 14 million, Bank SinoPac was fined TWD 4 million, and Bank of Panhsin was fined TWD 2 million.
Fintech / Regtech
IndusInd Bank, NPCI Partner on UPI-based Cross Border Payments
03/01/2022
Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.
Securities / Derivatives
CCB Issues First Green Bond Under Common Ground Taxonomy
03/01/2022
$500mn worth of floating rate senior green notes were issued by China Construction Bank’s Macau branch using the China-EU Common Ground Taxonomy.
ESG / Sustainability
Taiwan FSC Reveals Focus Areas of 2022 Inspections
03/01/2022
The 7 core focus areas include consumer protection, real estate credit, information security, conflicts of interest, and green finance.
Fintech / Regtech
Tokyo Bourse Tests Earnings Report Disclosure in HTML Format
03/01/2022
HTML will make text conversion, mechanical processing, and Japanese-to-English translation of the disclosed information easier compared to PDF, the TSE said.
AML / KYC
SG Police Warns of Phishing Scams Impacting OCBC Customers
02/01/2022
At least 469 victims have fallen prey to phishing SMS scams during December 2021, with losses amounting to at least SGD 8.5 million.
ESG / Sustainability
Malaysia, Thailand Launch Phase 2 of QR Payments Linkage
02/01/2022
Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.
AML / KYC
UK Court Hands Down Longest Ever Jail Terms for Money Laundering
02/01/2022
A Russian and Lithuanian were sentenced to 16 and 17 years in prison, respectively, for laundering £70mn over four years.
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