ADVERTISEMENT
Enforcement
ASIC Finalises Guidance on Completing Timely Remediations
By Editors | 28/09/2022
ASIC says it should not have to oversee remediations in order for consumers to receive fair and timely outcomes.
Securities / Derivatives
NZ FMA Proposes to Update Guidance on Broker Obligations
By Editors | 28/09/2022
The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
Fintech / Regtech
MAS, IMDA Propose Measures to Make SGQR More Interoperable
By Manesh Samtani | 28/09/2022
Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.
HKMA Launches Enhanced Competency Framework on Compliance
By Editors | 28/09/2022
The ECF-Compliance establishes a set of common and transparent competency standards for practitioners working in banks’ compliance functions.
ESG / Sustainability
International Committee to Create Public Utility for Net-Zero Data
By Editors | 28/09/2022
International organisations and policymakers will work alongside financial data service providers to help bring the utility to fruition.
AML / KYC
AUSTRAC Spotlights Risks Associated with Remittance Sector
By Sanday Chongo Kabange | 27/09/2022
Most remittance dealers and remittance network providers did not submit any SMRs in the reporting period assessed by AUSTRAC.
Crypto / Digital Assets
Korea Has Seized $182m in Crypto from Tax Delinquents
By Editors | 27/09/2022
The largest seizure from a single delinquent taxpayer was worth around KRW 12.5 billion, or about USD 8.8 million.
CBIRC Relaxes Rules on Non-Capital Bond Issuance by Banks
By Editors | 27/09/2022
The requirement for banks to seek approval for individual issuances of non-capital bonds is removed. Qualifications of senior executives also no longer need approval.
Market Infrastructure
SEBI Orders Separation Between CRAs and Non-Rating Affiliates
By Editors | 27/09/2022
Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.
ESG / Sustainability
APAC Study Group Publishes Transition Finance Guidance
By Editors | 27/09/2022
Lenders should assess whether financed projects meet ICMA’s transition finance criteria and align with sectoral pathways identified by government or other globally recognised bodies.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team