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
Big Picture
A New Zero Tolerance Era for ESG Reporting
22/09/2020
As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.
Enforcement
SFC Suspends Former Licensed Rep for Over Discretionary Trading
22/09/2020
The former Ewarton Securities representative placed his own orders within 30 seconds ahead of those placed for the client’s account.
Market Infrastructure
PBOC Issues New Measures on Financial Consumer Protection
22/09/2020
From 1 November, banks and payment institutions that try to restrict consumers from choosing financial products and services offered by other institutions can be penalised.
AML / KYC
Pakistan Passes Three More FATF-related Bills
22/09/2020
A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan’s progress next month.
India: Parliament Passes Bill on Cooperative Bank Supervision
22/09/2020
The bill is aimed at protecting depositors and allows the RBI to restructure a cooperative bank without a moratorium period.
AML / KYC
US Imposes Sanctions on 27 Iranian Entities, Individuals
22/09/2020
Any foreign FI that knowingly facilitates a significant transaction for the designated individuals or entities could be subject to US sanctions.
AML / KYC
China Issues Implementing Rules for ‘Unreliable Entity List’
22/09/2020
Foreign firms and individuals could be hit with trade, investment and visa restrictions is they fail to “correct” their behaviour within a time limit.
Enforcement
Saxo Japan Ordered to Bolster Controls After Data Breach
22/09/2020
The breach included clients’ names, contact details, date of birth, bank account information, and identity verification documents of 750 clients.
Enforcement
Korea FSS Fines Four Foreign Fund Managers for Naked Short Selling
22/09/2020
One firm was fined KRW 360mn for failing to borrow KRW 13mn worth of stock prior to short-selling, a penalty of more than 27 times the amount short-sold.
Korea FSS to Ease Restrictions on External Network Access
21/09/2020
The FSS will ease restrictions on external access to network systems at local financial firms, in line with new norms amid the Covid-19 pandemic.
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