Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
Ant Group Ordered to Separate Lending Apps from Alipay
13/09/2021
Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
Enforcement
Another Top China Development Bank Exec Probed for Corruption
13/09/2021
He Xingxiang is the second most senior official at China Development Bank to become the subject of a corruption probe.
Fintech / Regtech
MAS Grants RMO Licence to Digital Asset Platform SDAX
13/09/2021
SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.
Securities / Derivatives
SEC Committee Endorses Stricter Enforcement of SPAC Rules
13/09/2021
The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor’s role.
Enforcement
Bursa Malaysia Punishes RHB Investment Bank Representatives
13/09/2021
The dealer’s representatives engaged in discretionary trading without proper authorisation, causing “significant losses” to a client.
AML / KYC
Three More Korean Crypto Exchanges Secure Deals with Banks
13/09/2021
Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.
Market Infrastructure
RBC Capital Markets to Launch FX Infrastructure in Singapore
12/09/2021
RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.
Securities / Derivatives
Hong Kong SPAC Framework to Prohibit Retail Access – Report
12/09/2021
Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.
Market Infrastructure
Mizuho Suffers Seventh System Failure For the Year
12/09/2021
The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.
Enforcement
KRX to Temporarily Exempt Market Makers from Obligations
12/09/2021
KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.
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