Market Infrastructure

Australia Issues Consultation on Financial Accountability Regime

20/07/2021

The FAR will not impose civil penalty liability on accountable persons, a shift from the government’s position in a January 2020 consultation.

Fintech / Regtech

Japan FSA Launches New Section to Oversee Crypto Regulation

19/07/2021

The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.

AML / KYC

HK Customs Arrests Four for Laundering Funds Using Tether

19/07/2021

The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.

AML / KYC

BOT Warns Against Using Crypto As Means of Payment

18/07/2021

If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.

Crypto / Digital Assets

Vietnam to Explore Creation of Digital Currency

18/07/2021

Vietnam’s strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.

Securities / Derivatives

ESMA Outlines Disclosure Expectations for SPACs

18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

Market Infrastructure

China Commences Trading on Newly Launched Carbon Market

17/07/2021

Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.

Securities / Derivatives

NAFMII Reprimands Bond Market Makers Over Round-trip Trades

17/07/2021

NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.

Fintech / Regtech

S. Korea: MyData Launch to be Delayed for More Testing

17/07/2021

The Covid-19 pandemic and a lack of IT engineers are said to be stalling system development and API testing.