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Fintech / Regtech
Thailand to Revoke Huobi Digital Asset Exchange Licence
By Pongnut Thanaboonchai | 12/09/2021
Huobi was not able to fix deficiencies in its systems within various timelines stipulated by the SEC.
AML / KYC
Philippine AMLC Asks Firms to Provide UBO Information in STRs
By Sanday Chongo Kabange | 10/09/2021
The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.
Market Infrastructure
Sri Lanka Passes New SEC Act to Bolster Capital Market
By Duruthu E Chandrasekera | 09/09/2021
SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
Market Infrastructure
China, Indonesia Launches Local Currency Settlement Framework
By Sanday Chongo Kabange | 08/09/2021
Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.
Capital / Liquidity
OJK Indonesia Extends Debt Restructuring Relief for One Year
By Editors | 07/09/2021
Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.
Capital / Liquidity
Bank Indonesia Raises Mandatory MSME Lending Thresholds
By Pongnut Thanaboonchai | 07/09/2021
The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
Securities / Derivatives
Thai SEC Proposes to Streamline Bond Issuance Regulations
By Pongnut Thanaboonchai | 07/09/2021
Under the amendments, debt instruments must be issued within 6 months from the date the filing is approved, the SEC said.
ESG / Sustainability
Philippine SEC to Make Sustainability Reporting Mandatory
By Editors | 06/09/2021
Publicly listed companies will be required to submit sustainability reports separate from their annual reports from 2023.
Market Infrastructure
BOT Directs Banks to Prepare for New Data Protection Law
By Pongnut Thanaboonchai | 03/09/2021
The Thai Bankers’ Association has issued guidelines for banks on handling personal data protection in compliance with the Personal Data Protection Act.
UPDATED – Bangladesh Banks Ordered to Block E-commerce Payments
By Editors | 03/09/2021
Bangladesh Bank has directed banks to block e-commerce firms from receiving direct payments from customers.
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