Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Enforcement
CSRC Launches Probe into Allegations of Market Manipulation
17/05/2021
A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.
AML / KYC
RBI Relaxes Restrictions on the Use of Video-based KYC
17/05/2021
Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.
Securities / Derivatives
SEBI Consults on Measures to Protect Client Collateral
17/05/2021
The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.
Enforcement
China: Former Trust Company Chair Jailed for Corruption
17/05/2021
Gao Fubo is the third chairman of state-owned Jilin Trust to be convicted on corruption and bribery charges. A fourth is awaiting trial.
AML / KYC
US DOJ Repatriates $460m of Seized 1MDB Funds to Malaysia
16/05/2021
Seized and repatriated 1MDB funds are being utilised to repay and service 1MDB and SRC’s debts, which remain above $10.2billion.
Securities / Derivatives
PCAOB Proposes Framework for HFCAA Determinations
16/05/2021
The PCAOB will use the proposed framework to determine when it is unable to carry out inspections of overseas audit firms of US-listed companies.
AML / KYC
US DOJ Penalises Swiss Life for Facilitating Tax Evasion
16/05/2021
Swiss Life and its subsdiaries created and marketed insurance products specially designed for US persons seeking to hide offshore assets and evade tax.
ESG / Sustainability
COP Presidency Calls for Ambitious Climate Commitments
16/05/2021
Private financial institutions are encouraged to join a net zero alliance, publish transition plans, phase out of coal, and commit to nature-positive finance.
Enforcement
CBIRC Issues Warning Against Improper Sales Practices
16/05/2021
In a notice, the CBIRC points to regulatory violations by Ping An Bank in its credit card sales practices which violated the rights and interests of consumers.
Securities / Derivatives
SEBI Proposes to Reduce Promoter Lock-in Period
14/05/2021
SEBI proposes to reduce the lock-in period for the minimum promoter’s contribution to an IPO from 3 years to one year.
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