Structural Regulation

Structural Regulation

Taiwan FSC Eases Rules for Overseas Branches of Securities Firms

By Editors | 22/08/2021

Securities firms will be allowed to offer foreign currency custody services at overseas branches with a net value of TWD 4 billion, compared to TWD 10 billion previously.

Payments & Settlements

BSP Relaxes Rules on FX Trade Approval for Banks

By Editors | 22/08/2021

Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.

Structural Regulation

Philippine SEC Issues Final Guidelines for ASEAN CIS Framework

By Editors | 22/08/2021

In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.

Trading & Investment

HKEX Set to Launch A-share Index Futures in October

By Editors | 20/08/2021

The SFC approved HKEX’s launch of the new futures contract on Friday, calling it a major milestone for Hong Kong’s capital markets.

Payments & Settlements

FSS Korea Launches Probe into Electronic Payment Providers

By Manesh Samtani | 20/08/2021

The probe is a response to a growing scandal involving a local gift card provider, which offered users of its app large discounts and then changed its terms.

Structural Regulation

ATO Consults on Tax Implications of IBOR Reform

By Manesh Samtani | 20/08/2021

The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.

Trading & Investment

Taiwan to Retain Day Trading Tax Cut After Expiry

By Editors | 20/08/2021

Three governmental agencies have agreed to extend the transaction tax cut for day trading after it expires at year-end.

Structural Regulation

BSP Grants Digital Bank Licence to Gokongwei-Tyme Joint Venture

By Editors | 20/08/2021

The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August​ 2021.

Structural Regulation

HKMA Sets Conditions for Issuing New USD LIBOR Contracts

By Manesh Samtani | 20/08/2021

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.