Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
RBI Removes Business Restrictions on Two Edelweiss Group Firms
22/12/2024
The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.
Market Infrastructure
Korea Advances Bill to Open Up Corporate Credit Rating Market
22/12/2024
The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions.
Market Infrastructure
China Finalises New Regulations for Foreign Accounting Firms
22/12/2024
The regulations allow foreign accounting firms that need to conduct “temporary activities” in China to do so without establishing a representative office, subject to conditions.
Securities / Derivatives
HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond
22/12/2024
Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market.
Sanctions
US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis
22/12/2024
The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list.
New Zealand Proposes Caps on Visa and Mastercard Interchange Fees
21/12/2024
The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.
Sanctions
US, UK Impose Human Rights Sanctions Against Georgian Officials
21/12/2024
The sanctions were imposed over a violent crackdown by Georgia’s government against protestors, opposition figures and members of the media
Crypto / Digital Assets
US SEC Fines Unit of Jump Trading Over TerraUSD Collapse
21/12/2024
The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.
Market Infrastructure
China Expands Cross-border FX Pilot for Multinational Companies
21/12/2024
The pilot programme launched in March 2021 is being extended to more provinces and the policies are being further streamlined.
Fintech / Regtech
Indonesia Launches NFC-based QRIS Tap Payments Trial
20/12/2024
The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025
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