Manesh Samtani
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
Articles by Manesh Samtani
AML / KYC
MAS Consults on Proposed AML Notices for Foreign Offices, FRCs
12/05/2021
MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.
Market Infrastructure
Australia’s Financial Sector Welcomes 2021‑22 Budget Initiatives
12/05/2021
The measures include an FMI reform package, relief for foreign financial service firms, changes to the superannuation system, and a new commencement date for the CCIV regime.
Market Infrastructure
DSB Launches Second Consultation on UPI Fee Model
12/05/2021
The consultation covers UPI data access mechanisms, file download timing, user fees, a proposed contingency fund, cost allocation, invoicing, and capex amortisation.
Securities / Derivatives
CSRC Adds Environment & Social Responsibility to Disclosure Rules
12/05/2021
A new chapter on environmental and social responsibility has been added to the disclosure rules for publicly listed companies. The consultation is open until 7 June.
AML / KYC
Malaysia Files 22 Civil Suits to Recover 1MDB Losses
11/05/2021
Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.
Capital / Liquidity
APRA Consults on Additional Revisions to Capital Rules
10/05/2021
In an October 2019 consultation, APRA proposed that banks would have to hold more capital against equity investments in large subsidiaries.
Market Infrastructure
MAS Issues Revised Corporate Governance Guidelines for FIs
09/05/2021
The guidelines provide good practices that financial institutions should observe in relation to their corporate governance and remuneration frameworks.
AML / KYC
Chinese Regulators Issues Draft Rules for Wealth Connect Scheme
09/05/2021
A 150bn yuan ceiling is proposed as the trading quota for the new scheme, with a 1mn yuan individual limit. A launch date has not yet been set.
Market Infrastructure
IOSCO Finds Gaps in BCP Rules for Trading Venues, Intermediaries
07/05/2021
Some jurisdictions have regulatory requirements for critical systems of trading venues that do not extend to outsourced functions.
Securities / Derivatives
HKEX to Lessen Profit Requirement Hike for Main Board IPOs
05/05/2021
The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.
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