AML / KYC

BSP Identifies Other Banks, Non-banks Involved in BDO Hack

23/12/2021

A BSP task force will submit recommendations to the Monetary Board by mid-January 2022, which may include sanctions and penalties for the involved banks.

Fintech / Regtech

SEBI Forms New Advisory Committee on Technology

22/12/2021

The new committee will issue recommendations on existing technology projects and propose new suptech and regtech tools to improve SEBI’s capabilities.

Securities / Derivatives

Australia Announces Reforms to Proxy Advice Regime

22/12/2021

The reforms extend AFS licensing requirements to a greater range of proxy adviser activities, as well as enhance transparency of super funds’ voting records.

Securities / Derivatives

NSE India Launches New Corporate Governance Framework

22/12/2021

Listed companies that voluntarily choose to be part of ‘NSE Prime’ will need to comply with higher corporate governance standards and disclosure requirements.

Enforcement

CSRC Launches Inspections at Financial Asset Exchanges

22/12/2021

Some exchanges were found to be illegally facilitating financing for property developers through the issuance of non-standard debt financing products.

Securities / Derivatives

SC Malaysia Finalises Enhancements to Unit Trust Framework

22/12/2021

The enhancements will enable retail funds to invest in and offer investors access to a wider range of investment instruments and activities.

Securities / Derivatives

KRX Admits 20 Brokerage Firms to Carbon Emissions Market

22/12/2021

The addition of the 20 brokerages is expected to stimulate the carbon emissions trading market and facilitate more appropriate pricing of emissions.

Securities / Derivatives

Taiwan Extends Day Trading Transaction Tax Cut to 2024

22/12/2021

The extension keeps the transaction tax for day trading halved at 0.15 percent, a measure that has been in place since April 2017 and was set to expire on 31 December.

HKMA Directs Banks to Use Name Matching in Fund Transfers

21/12/2021

Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.