Fintech / Regtech

Cambodia, Hong Kong Eye Payment System Connectivity

06/05/2025

A proposed MoU between NBC and HKMA would focus on payment system connectivity and collaboration on foreign exchange and reserve management.

Securities / Derivatives

ASX Proposes Changes to CDI Depositary Nominee Rules

05/05/2025

The proposed amendments update the legal framework for Depositary Nominee services provided in respect of CHESS Depositary Interests.

Securities / Derivatives

Chinese Exchanges Implement Corporate Governance Overhaul

05/05/2025

Listed companies must replace the traditional board of supervisors with audit committees within their boards of directors

Securities / Derivatives

China Issues New Rules for OTC Bond Business in Interbank Market

04/05/2025

Securities firms seeking to conduct OTC business in the interbank bond market must complete data exchange with the NIFC and pass an inspection

Fintech / Regtech

Cambodia, Japan to Enable Cross-border QR Payments

04/05/2025

In Phase 1, Cambodian Bakong users will be able to make payments in Japan by scanning JPQR. In Phase 2, Japanese users will be able to pay in Cambodia by scanning KHQR.

AML / KYC

BNM Fines Two MSB Licensees for Sanctions Screening Gaps

04/05/2025

Merchantrade Asia and JAGS Money failed to update their sanctions databases promptly. Both have since taken remedial measures.

Securities / Derivatives

Korea Launches Task Force to Simplify Public Fund Explanations

04/05/2025

The task force will identify ways to rationalise product explanations to cut consultation times and improve investor understanding of public funds.

Market Infrastructure

China Publishes Revised Draft of Arbitration Law

04/05/2025

The revisions aim to improve the foreign-related arbitration system, strengthen arbitration supervision, and more closely align with international best practices

Enforcement

Land Bank of Taiwan Penalised for Embezzlement by Ex-Employee

04/05/2025

A janitor was collecting fees for water and electricity from tenants at Land Bank of Taiwan’s premises and then embezzled the funds for more than 7 years.