AML / KYC

BSP Set to Issue Revised Rules on Virtual Assets

30/09/2020

The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.

Securities / Derivatives

KRX Offers English Translation Service for Company Filings

29/09/2020

KRX says its investor base will expand by allowing foreigners improved accessibility to English language disclosures of listed companies.

Enforcement

Two Ex-Deutsche Traders Convicted in Spoofing Case

29/09/2020

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.

Enforcement

Seoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail

29/09/2020

The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.

Fintech / Regtech

Ant Group Launches New Digital Trade, Financing Platform

29/09/2020

DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.

Securities / Derivatives

Taiwan FSC Considers Changes to Capital Market Rules

28/09/2020

The FSC is examining whether to encourage the development of Internet-only securities companies to cater to investors who are increasingly placing orders online.

ESG / Sustainability

Taiwan FSC Outlines Plans for Capital Market Development

26/09/2020

A 3-year roadmap to be unveiled by year-end includes plans to set up central clearing for OTC derivatives, and improve convenience and efficiency for foreign investors.

Securities / Derivatives

Philippine Bourse Proposes to Ease Listing Rules

26/09/2020

The minimum cap requirement for the Main Board is being removed in favour of a net income requirement. The criteria for the SME Board are also being relaxed.

Fintech / Regtech

Korea, Thailand Sign MoU on Financial Services Regulation

25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.