Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
EBA on Heightened Security Alert Following Cyber Attack
09/03/2021
Tens of thousands of organisations in Asia, Europe and the US were targeted in a campaign that exploited vulnerabilities in different versions of Microsoft’s mail server software.
Market Infrastructure
HKMA Issues Guidance for Bond Connect FX Settlement Banks
09/03/2021
Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.
Securities / Derivatives
Bursa Malaysia Revamps Crude Palm Kernel Oil Futures Contract
09/03/2021
The enhancements aim to create an effective hedging instrument against the physical market and provide an alternative instrument for participants.
Enforcement
Australian Court Penalises Dover Financial Advisers for Misconduct
09/03/2021
The penalty is part of the fallout from a 2019 federal court judgment that Dover Financial Advisers engaged in “false, misleading or deceptive conduct”.
Capital / Liquidity
FSC Korea Issues New Rules for Non-holding Financial Groups
08/03/2021
Non-holding financial groups deemed to have financial soundness problems will be required to draw up and submit business improvement plans.
AML / KYC
HK Bourse Offers Guidance on Compliance with BCAN Requirements
08/03/2021
Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.
Market Infrastructure
BOJ Governor Says Climate Change Should Guide Monetary Policy
08/03/2021
The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.
AML / KYC
KoFIU’s New AML System Showing ‘Significant Improvements
08/03/2021
The new STR filing system and the screening and analysis process have been made more efficient, while guaranteeing better system security and stability.
Securities / Derivatives
Indonesia Stock Exchange Considers Allowing SPAC Listings
08/03/2021
IDX’s decision has reportedly prompted concerns about governance, investor protection and inflated valuations for early-stage companies.
ESG / Sustainability
IFRS Foundation Outlines Plans for Sustainability Reporting Board
08/03/2021
The Trustees remain on track to make a final determination about a new board in advance of the November 2021 United Nations COP26 conference.
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