Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Taiwan FSC Not Considering Introducing SPAC Listings
03/10/2021
The practice of allowing companies to go public without any actual business or revenue is in conflict with practices in Taiwan, said the FSC’s Kuo Chia-chun.
Cambodia Central Bank Introduces Overnight Lending Facility
03/10/2021
The industry has welcomed the MLF as a measure that will allow FIs to support their operations, protect the financial sector, and continue lending.
Customers Not Informed in Premium Financing Arrangements
03/10/2021
The HKMA and IA found in joint inspections that customers may not be sufficiently informed about the potential impact of premium financing arrangements.
Capital / Liquidity
RBI Removes Indian Overseas Bank From PCA Framework
03/10/2021
The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.
AML / KYC
PBOC Directs Banks to Offer ‘Simple’ Account Opening
03/10/2021
Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.
Securities / Derivatives
SGX Adds RFQ Functionality for FX Derivatives on OTC Platform
03/10/2021
The RFQ function allows market participants to negotiate and transact block trades in FX futures and options on the Titan OTC Pro platform.
Big Picture
FMSB Offers Guidance on Mitigating Risks of Hybrid Working
02/10/2021
In a new Spotlight Review, the FMSB outlines steps firms can take to promote equivalent conduct outcomes in a hybrid environment.
Crypto / Digital Assets
MAS Grants Two New Licences to Provide DPT Services
02/10/2021
DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.
Capital / Liquidity
SEBI to Raise Net Worth Requirements for Market Intermediaries
02/10/2021
SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.
Enforcement
CFTC Penalises Interactive Brokers Over Negative Oil Prices
02/10/2021
Interactive Brokers was penalised for not adequately preparing for and configuring its electronic trading system to recognise negative prices on 20 April 2020.
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