Based in Singapore, Mark is an experienced journalist and editor with over a decade of experience reporting on technology and business trends throughout Asia. Mark got his start as an engineer, graduating from the UK's Queen's University of Belfast with a Master's degree in Electrical and Electronic Engineering. As senior reporter for Regulation Asia, Mark focuses on regulatory changes impacting financial markets, with particular interest in fintech, cybersecurity and crypto markets.
Capital / Liquidity
RBI Releases List of Upper Layer NBFCs for 2023-24
14/09/2023
Under the new regulatory framework, the 15 upper layer NBFCs will be subject to heightened regulatory requirements for a minimum of five years.
Crypto / Digital Assets
EU Parliament Approves Crypto Tax Reporting Rules
14/09/2023
The rule, known as DAC8, aligns with the OECD’s crypto-asset reporting framework and will take effect on 1 January 2026.
AFI Members Sign ‘Manila Manifesto’ to Boost Financial Inclusion
14/09/2023
Members of the Alliance for Financial Inclusion pledged to work with global standard setters to promote financial inclusion.
Enforcement
SEBI Orders Brickwork Ratings to Revamp Board, Rating Process
13/09/2023
SEBI initially tried to cancel Brickwork’s credit rating agency licence but the order was quashed on appeal and SEBI was directed to issue a fresh order.
RBI Sets 30-day Deadline for Lenders to Return Property Documents
13/09/2023
The RBI directed regulated entities to release all original property documents to customers within 30 days after personal loans are fully repaid.
Taiwan FSC Warns Against Unapproved Overseas Insurance Products
13/09/2023
The FSC reminds the public of the risks and legal consequences of buying overseas insurance products that have not been approved by local authorities.
Market Infrastructure
Myanmar to Start Accepting Russian Mir Cards Next Month – Report
13/09/2023
Mir cards, established by the Central Bank of Russia, will be used in Myanmar as part of the military junta’s efforts to stabilise the kyat.
Enforcement
Thai SEC Charges Four Brokerage Execs for Stock Manipulation
13/09/2023
Criminal charges were filed against four executives of a brokerage firm, including its CEO, for manipulating prices during a 2018 IPO.
Securities / Derivatives
Taiwan to Tighten Rules on ETF Dividend Payouts – Report
13/09/2023
The FSC has received complaints from investors in high-dividend ETFs about the so-called ‘earnings equalisation mechanism’.
Crypto / Digital Assets
Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term
08/09/2023
The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.
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