Securities / Derivatives

US Fed Approves New Trading Rules for Senior Officials

27/02/2022

The rules aim to support public confidence in the impartiality and integrity of the FOMC’s work by guarding against “even the appearance of any conflict of interest”.

Crypto / Digital Assets

Russia Considers Framework for Regulating Cryptocurrencies

24/02/2022

The draft proposes requirements for VASPs relating to corporate governance, tax reporting, data storage, internal controls, risk management, client identification/KYC and segregation of assets.

Securities / Derivatives

FSC Korea to Tighten IPO Lockup Rules Starting in March

23/02/2022

A staggered lockup contracts system will be introduced to avoid sell orders being concentrated immediately after the end of the usual six-month lockup period.

Market Infrastructure

PBOC Warns Credit Repair Firms Against Cheating Customers

23/02/2022

Credit-repair service providers have been falsely telling customers they can change the information in the PBOC’s credit reporting system and delete records relating to overdue debts from credit reports.

Capital / Liquidity

RBNZ Consults on Dual Reporting Requirements for IRB Banks

22/02/2022

The RBNZ plans to bring dual reporting requirements into effect from 1 July 2022, requiring IRB banks to also disclose RWA outcomes based on the standardised approach.

APRA Offers Guidance on Managing Compliance Risk

22/02/2022

APRA wants regulated entities to give compliance risk management the same attention they give to cyber risk, operational risk management and other risk classes.

Securities / Derivatives

Philippine SEC Proposes Draft Rules For Umbrella Funds

21/02/2022

Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.

APRA Proposes to ‘Sharply’ Increase Superannuation Transparency

21/02/2022

APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.

Fintech / Regtech

Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan

20/02/2022

The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.