Other Asia Pacific

AML / KYC

Philippine SEC Backs Amendments to Bank Secrecy Law

By Ranamita Chakraborty | 21/06/2021

Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.

Securities / Derivatives

Hong Kong-Thailand Mutual Recognition of Funds Takes Effect

By Manesh Samtani | 17/06/2021

Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.

Fintech / Regtech

BSP to Issue Strict Regulations On ‘Digital Bank’ Branding

By Ranamita Chakraborty | 17/06/2021

Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.

Securities / Derivatives

Vietnam: HoSE Commences Trials on New Trading System

By Ranamita Chakraborty | 17/06/2021

HoSE has commenced connection trials with securities firms and intends to start functional trials from 26 July.

AML / KYC

SEC Orders Finance, Lending Companies to Submit AML Plans

By Editors | 16/06/2021

All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.

Sri Lanka Central Bank Asks Private Sector to Borrow Offshore

By Ranamita Chakraborty | 12/06/2021

A zero cost swap facility is being made available for private forms to convert foreign currency borrowings into domestic currency.

ESG / Sustainability

Thailand: SEC Pledges Support for AIMC Sustainability Roadmap

By Manesh Samtani | 11/06/2021

The three-year roadmap includes an initiative to develop an ‘ESG Data Framework’, which will enhance the information investors can be provided on the ESG efforts of listed companies.

Securities / Derivatives

Thailand SEC Streamlines Process for Mutual Fund Approvals

By Sanday Chongo Kabange | 11/06/2021

Asset managers can start submitting applications for approval to establish a new mutual fund using a new online system from 1 June.

Market Infrastructure

Regulatory Harmonisation Critical to OTC Derivatives Reporting

By Priya Kundamal | 11/06/2021

The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.