Cryptocurrency

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.

Trading & Investment

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.

Fraud, Scams & Cybercrime

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 Adequacy

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.

Operational Risk

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.

Structural Regulation

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.

Market Data & Technology

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.

Cloud & Infrastructure

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.

Cryptocurrency

NYSE Seeks Trademark Licences for Digital Marketplace

18/02/2022

A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.