AML / KYC

Korea Extends AML Compliance Deadline for Crypto Sector

20/06/2021

The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.

ESG / Sustainability

Taiwan FSC to Make Environmental Disclosures Mandatory

18/06/2021

Listed companies will be required to make mandatory disclosures on their carbon emissions, water usage and waste management starting next year.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

17/06/2021

Liu Wenyi’s case is said to be linked to the failure of Bank of Jinzhou as well as a corruption investigation involving a former head of Bank of Huludao.

Capital / Liquidity

ASIC Enhances Capital Rules for Securities, Futures Firms

17/06/2021

Securities market participants must hold core capital of at least A$500,000, up from A$100,000 currently required. One year is given for compliance.

Korea: FSC, Lenders Agree to Extend Debtor Support

17/06/2021

The application deadline for pre-workout programmes was due to end at the end of this month. This will be extended to 31 December.

Market Infrastructure

ASX Completes Corporate Actions Upgrade Project

17/06/2021

The project enables full straight-through processing for corporate actions, reducing risk for market participants and facilitating more informed decision-making.

Securities / Derivatives

Korea Allows Securities Firms to Extend Credit to Overseas Affiliates

16/06/2021

Large securities firms will be allowed to extend credit to overseas branches and subsidiaries in which they have at least a 50 percent stake.

Enforcement

CBIRC Reprimands Fintech Firm for Consumer Rights Violations

16/06/2021

The CBIRC said Mashang Consumer Finance violated product pricing rules, consumer rights, and fair trade regulations.

ASIC Issues Guidance on Ongoing Fee Arrangements

16/06/2021

A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.