Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Securities / Derivatives
Malaysia SC Revises SPAC Framework to Spur Listings
16/12/2021
The minimum amount of funds required to be raised by a SPAC through its IPO has been reduced by a third, among other changes.
AML / KYC
Hong Kong, Singapore Authorities Arrest 10 in Joint Operation
16/12/2021
Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.
Big Picture
ESG Data, Regulation and the APAC Fragmentation Challenge
16/12/2021
Panellists at Regulation Asia’s ESG Tech & Data event discussed the need for methodology transparency and better company reporting.
HKMA Raises Concerns Over Outside Mandates of Bank Directors
16/12/2021
Banks have to report all outside mandates held by each director and chief executive, and address any conflicts of interest and time commitment issues.
Market Infrastructure
Shanghai Bourse Set to Launch New Bond Trading System
15/12/2021
The new system – to be launched on Monday – adds a night trading session, uses RTGS settlement, and allows multilateral netting, the SSE says.
Securities / Derivatives
SGX Unveils Roadmap for Mandatory TCFD-aligned Disclosures
15/12/2021
Mandatory climate reporting will be required by listed FIs from financial year 2023. Board diversity policies have to be disclosed in annual reports.
Capital / Liquidity
CBIRC to Scrap Foreign Ownership Cap for Insurance AMCs
14/12/2021
Foreign investors will be able to increase their stakes in insurance asset management companies to 100 percent and assume control.
Securities / Derivatives
SFC Sets Out Rules for Quarantine-free Travel to Mainland
14/12/2021
Staff or directors of licensed corporations whose main purpose of travel is for the management of the firm’s Mainland business are eligible.
Fintech / Regtech
Bursa Malaysia Concludes Dematerialised Structured Warrants PoC
14/12/2021
The PoC demonstrated that smart contracts can help to enable parties to share standardised and automated business processes and enable increased workflow efficiency.
Securities / Derivatives
US Sanctions Force Chinese AI Firm to Postpone HK IPO
13/12/2021
The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.
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