Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
US Investment Ban on 59 Chinese Companies Takes Effect
04/08/2021
US persons that have not yet divested their holdings in 59 companies that operate in the defence or surveillance technology sectors have until 3 June 2022 to do so.
Enforcement
Hong Kong SFC Fines UBS Over Regulatory Breaches
03/08/2021
The breaches involve research report disclosures, telephone recordings, client derivatives knowledge assessments, and structured product sales.
AML / KYC
EBA Issues Guidance on Role of AML Compliance Officers
03/08/2021
Where a financial services firm is part of a group, the guidelines provide that a group AML/CFT compliance officer be appointed at the parent company level.
Capital / Liquidity
RBNZ to Tighten Mortgage Lending Standards From October
02/08/2021
The RBNZ will further restrict high-LVR lending, and also consider the use of DTI restrictions and interest rate floors.
Market Infrastructure
OSE, TOCOM Set to Launch J-GATE 3.0 on 21 September
02/08/2021
The next-generation derivatives trading system known as J-GATE3.0 will go live on 21 September 2021.
ESG / Sustainability
JPX Sets Organisational Targets to Achieve Carbon Neutrality
02/08/2021
JPX is researching the possibility of generating renewable energy through its own energy generation facilities.
Market Infrastructure
China, Hong Kong to Strengthen Legal, Judicial Cooperation
02/08/2021
China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.
Enforcement
Korea: Daishin Securities Ordered to Compensate Lime Investors
02/08/2021
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
AML / KYC
Western Australia Man Jailed for Dealing in Criminal Proceeds
02/08/2021
The man was sentenced to five years jail over A$6.1mn in cash discovered as a result of intelligence gained during Operation Ironside.
Securities / Derivatives
ISDA, ICMA, ISLA Sign MoU on Common Domain Model
02/08/2021
The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.
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