Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
SFC Fines Yardley Securities CEO for AML/CFT Breaches
05/07/2021
The processing and approval of suspicious third party fund transfers were attributable to the CEO’s failures to discharge his duties, the SFC said.
AML / KYC
Japan to Form Cross-agency AML Team Following FATF Review
05/07/2021
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
Enforcement
Westpac to Pay Remediation Over Corporate Actions Failures
04/07/2021
ASIC says it encourages all advice licensees and platform operators to consider their own corporate action management arrangements.
Capital / Liquidity
SEBI Allows Cross Margin Benefits in Commodity Futures Trades
03/07/2021
The move is part of efforts to improve efficiency in the use of the margin capital and enhance market liquidity.
Market Infrastructure
RBI Issues New Guidelines on Outsourcing for Coop Banks
03/07/2021
Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
Securities / Derivatives
BOJ Seeks to Stimulate Bond Market Trading Activity
03/07/2021
The BOJ has cut its bond purchase targets, reflecting a desire to make the market more active after its own policy led to stagnant trading.
AML / KYC
Indonesia, Brunei to Cooperate on AML/CTF in Payments
03/07/2021
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
Market Infrastructure
MAS: Remaining Amendments for BAA 2020 Take Effect
03/07/2021
Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.
Securities / Derivatives
SEBI Clarifies Application of Liquidity Risk Rules for Debt Funds
02/07/2021
Liquid assets requirements imposed in November mean that asset allocation limits only apply to the non-liquid portion of portfolios.
AML / KYC
FSC Korea Concerned of Embezzlement by Crypto Exchanges
02/07/2021
As the 24 September deadline for VASPs to register their businesses approaches, some businesses may close down, presenting risks to customer deposits.
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