Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
BNM Amends Rules on Managing Financial Adviser Conduct
15/08/2021
Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
Securities / Derivatives
FMA Files Suit Against Company Director Over Online Posts
15/08/2021
The CEO of NZX-listed New Talisman Gold Mines made false and misleading representations in an online investor forum without disclosing his involvement with the company.
Market Infrastructure
Refinitiv Launches Prototype USD Fallback Rates for Cash Products
13/08/2021
There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.
Securities / Derivatives
HKEX to Launch of New Options on Futures Contracts
12/08/2021
Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.
Securities / Derivatives
CSRC to Increase Scrutiny on Fund Manager Governance
12/08/2021
The CSRC will revise certain rulesets and establish a new evaluation system to assess the quality of corporate governance at individual firms.
Fintech / Regtech
DBS Vickers Receives ‘In-principle Approval’ to Provide DPT Services
12/08/2021
DBS Vickers is working through the necessary follow-ups with a view to meeting MAS’ requirements for a digital payment token services licence.
AML / KYC
BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches
12/08/2021
BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.
Market Infrastructure
DSB Signs MoU on UPI Governance Arrangements
12/08/2021
The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.
Securities / Derivatives
Bursa Malaysia to Enhance Framework for Main Market Advisers
11/08/2021
The amendments will make available a wider pool of qualified corporate finance advisers to act as a Recognised Principal Adviser on the Main Market.
Market Infrastructure
Japan, UK Regulators Exchange Letters on CRA Supervision
11/08/2021
The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.
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