Trading & Investment

Korea Transitions MMFs to Mark-to-Market Valuation

05/04/2022

MMFs will still be allowed to use the book value method if more than 30 percent of their assets are ‘stable assets’, the definition of which has been expanded.

Cybersecurity

Singapore CSA Developing Technical Reference on Cybersecurity

05/04/2022

The Technical Reference will provide guidance on the adoption of tiered cybersecurity measures to address the different risk profiles of enterprises.

Structural Regulation

HKEX Publishes Testing Guidelines for HKIDR Implementation

04/04/2022

HKEX has published testing guidelines for market participants and intermediaries ahead of the implementation of the new investor identification regime.

Anti-Bribery & Corruption

Former CSRC Official to Face Criminal Charges for Taking Bribes

04/04/2022

The former official accepted gifts, money, shares of companies, luxury goods and other personal benefits as bribes while he was tasked with reviewing IPO applications.

Data Privacy

HKMA Issues Guidance on Customer Data Protection

04/04/2022

The guidance highlights the need for banks to put in place effective data governance frameworks and control measures to protect their customer data.

Structural Regulation

CBIRC Fines 21 Banks for Data Reporting Failures

04/04/2022

State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.

Supervision & Enforcement

Philippine SEC to Form Dedicated Unit Targeting Abusive Lending

04/04/2022

The government is seeking to prevent and penalise abusive debt collection practices, misrepresentations, and unreasonable terms and conditions.

Structural Regulation

Australia to Scrap Company Searches Fees from Sept 2023

04/04/2022

The scrapping of company search fees means ASIC will forgo A$64.9mn in revenue over three years from 2023-24.

CBDCs

Visa, Western Union, GBBC Join Digital Dollar Project

03/04/2022

The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.