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Philippine DOJ Signs MoU with BAP on Cybercrime Prevention
By Mark Johnston | 03/01/2022
The MoU aims to formalise the establishment of a collective, coordinated, and strategic cyber response within the banking industry.
Market Infrastructure
Sri Lanka Takes Step Forward on CCP Establishment
By Duruthu E Chandrasekera | 03/01/2022
A newly-formed committee will identify the CCP’s operating model and propose the necessary procedures for its establishment, including procurement.
ESG / Sustainability
Sri Lanka Regulator to Align Rules with New SEC Act Within January
By Duruthu E Chandrasekera | 28/12/2021
The new SEC Act passed in September paves the way for new rules and guidelines to raise ESG standards among listed companies in Sri Lanka.
Securities / Derivatives
US Bourses Explore IPOs from SE Asia Amid Chinese Withdrawal
By Sanday Chongo Kabange | 24/12/2021
Continued regulatory scrutiny from Chinese and US regulators has reportedly compelled US exchanges to explore IPO hopefuls from India, Indonesia, Vietnam and Malaysia.
Enforcement
US Authorities Criminally Convict NatWest on Spoofing Charges
By Editors | 24/12/2021
NatWest traders engaged in schemes to defraud in connection with spoof orders designed to profit from manipulation of the US Treasury securities and futures markets, the DOJ said.
Securities / Derivatives
SEC Issues New Disclosure Guidance for US-Listed Chinese Firms
By Sanday Chongo Kabange | 23/12/2021
The guidance focuses on the need for clear and prominent disclosure regarding the use of VIE and SPAC structures, and the associated legal and operational risks.
Market Infrastructure
‘SOFR First’ Concludes with Publication of User Guide
By Editors | 21/12/2021
The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.
Securities / Derivatives
HKEX Finalises Framework for SPAC Listings in Hong Kong
By Manesh Samtani | 20/12/2021
The new framework takes effect on 1 January. A SPAC’s securities must be distributed to at least 20 institutional professional investors, down from 30 proposed during consultation.
AML / KYC
US Treasury Imposes Sanctions on Eight Chinese Tech Firms
By Editors | 17/12/2021
Trade restrictions have also been imposed on 34 entities for alleged human rights violations and technology use that ‘undermines US national security’.
AML / KYC
FinCEN Seeks Comments on Modernising US AML/CFT Regime
By Sanday Chongo Kabange | 15/12/2021
FinCEN’s review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.
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