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
Anti-Bribery & Corruption
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.
Supervision & Enforcement
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.
Structural Regulation
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.
Anti-Money Laundering
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.
Sustainable Finance
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.
Conduct, Culture & Accountability
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.
Structural Regulation
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.
Trading & Investment
UK Exchange Derivatives to Switch to SONIA on 17 June
14/05/2021
The FCA and BOE are encouraging market participants to prepare for and implement changes to standard trading conventions on 17 June.
Market Abuse
Korea: New Rules for Chinese Walls to Take Effect from 20 May
14/05/2021
Financial investment businesses are required to establish internal control standards to prevent information sharing of material nonpublic information between units.
Market Abuse
Hong Kong: Six Current & Former Directors Fined Over Inside Information
14/05/2021
Timely disclosure of inside information is central to the orderly operation of the market and underpins a fair and informed market, the SFC said.
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