Other Asia Pacific

AML / KYC

Philippines Approves House Bill to Strengthen AML Law

By Editors | 26/11/2020

The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.

Market Infrastructure

BOT Relaxes Investment Restrictions to Hold Down Baht

By Editors | 26/11/2020

The changes will make it easier for residents to invest overseas and hold foreign currency at local banks. ETFs tracking foreign securities will be allowed to list in Thailand.

Uncategorised

SEC Thailand Proposes Rules to Support Sustainability-Linked Bonds

By Sanday Chongo Kabange | 24/11/2020

The proposed regulations, based on ICMA’s Sustainability-Linked Bond Principles, will help issuers fund the sustainable transformation of their businesses

Securities / Derivatives

Thailand SEC to Remove Hardcopy Document Requirement for Takeovers

By Sanday Chongo Kabange | 23/11/2020

Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.

Market Infrastructure

BSP Instructs Banks to Report on LIBOR Exposures Quarterly

By Manesh Samtani | 23/11/2020

The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.

Capital / Liquidity

Thailand SEC Revises Net Capital Rules to Bolster Liquidity

By Sanday Chongo Kabange | 22/11/2020

The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.

AML / KYC

South Pacific Nations Complete First Phase of KYC Facility Project

By Editors | 22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.

Fintech / Regtech

Vietnam Working to Allow Cooperation With Foreign Firms in Payments

By Sanday Chongo Kabange | 21/11/2020

Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.

Fintech / Regtech

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.