Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
China Issues Draft Rules on Beneficial Ownership Identification
03/04/2021
FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.
Big Picture
ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral
03/04/2021
China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.
Securities / Derivatives
PSE Proposes to Exempt AIFs from Lock-up Rules
02/04/2021
Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.
ESG / Sustainability
SEBI Approves Listing Rule Changes, New ESG Reporting Requirements
02/04/2021
The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.
Securities / Derivatives
CSRC to Explore Creation of Domestic Exchange for Overseas Firms
02/04/2021
Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.
Market Infrastructure
HKMA, BOJ Launch Cross-border DvP Link for JGBs
02/04/2021
The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.
Capital / Liquidity
APRA Raises Macquarie’s Capital, Liquidity Requirements
02/04/2021
Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.
Securities / Derivatives
ASX Finalises, Defers Listing Rule Changes to June
01/04/2021
The listing rule changes deal with online forms, notification of security issues and corporate action timetables.
Market Infrastructure
FS-ISAC Warns Banks of Growing Threat from Cyber Attacks
01/04/2021
Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.
Market Infrastructure
BCBS Issues Principles for Operational Resilience and Risk
01/04/2021
Increasing banks’ resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.
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