AML / KYC

Korean Lawmakers Push for Tougher Crypto Legislation

11/05/2021

Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.

Market Infrastructure

CBIRC to Implement New Licensing Rules for FIs From 1 July

11/05/2021

Under the new rules, CBIRC supervised institutions will be classified into three categories – financial, insurance and insurance intermediary.

Securities / Derivatives

CFA Institute Launches Working Group to Examine SPACs

11/05/2021

The working group will publish a report in early 2022 and present its findings and policy recommendations, to US and global regulators.

Enforcement

FSC Taiwan to Order LINE Bank to Improve Operations

11/05/2021

The FSC says LINE Bank’s report explaining its launch day system failure was not satisfactory. The regulator will ask the bank improves its operations.

Securities / Derivatives

Korea Offers Additional Support to SMEs, Low-Rated Corporates

10/05/2021

The FSC has announced additional support for SMEs, low-rated companies, and corporate bond and CP issuers.

Big Picture

WEF Publishes Report Outlining Capital Market Use Cases of DLT

10/05/2021

The report calls for a balance between innovation and market safeguards through standardisation, the breaking down of silos and regulatory engagement.

Fintech / Regtech

Electronic Transactions Association Offers CBDC Guidelines

07/05/2021

The trade association says governments should carefully consider 7 guiding principles when considering the introduction of a CBDC.

Securities / Derivatives

SFC May Have Doubts About Allowing SPAC Listings – Report

06/05/2021

HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.

Enforcement

HKEX Proceeds to Delist Shares of Convoy Global Holdings

06/05/2021

HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.