News from Asia and the Pacific

Japan 

Publication of the draft of the Principles for Responsible Institutional Investors. The Financial Services Agency announced that The Council of Experts on the Stewardship Code has published the draft of “Japan’s Stewardship Code” and is requesting public comments in English. Comments are due by May 8, 2017. (4/7/2017) 

Hong Kong 

SFC enhances access to licensing information. The SFC published a comprehensive Licensing Handbook to provide easier access to licensing information. SFC press release. (4/21/2017) 

SFC issues statement on listing of infrastructure project companies. The SFC issued a statement that sets out factors that the SFC will take into account when reviewing the proposed listing of infrastructure project companies in Hong Kong. SFC press release. (4/11/2017) 

Singapore 

CAD and MAS partner industry stakeholders to fight financial crimes. The MAS and the Commercial Affairs Department of the Singapore Police Force announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing. (4/24/2017) 

MAS and UNCDF to collaborate on driving financial inclusion in ASEAN region. The MAS announced that it has formed a strategic partnership with the United Nations Capital Development Fund (UNCDF) under the ongoing UNCDF’s Shaping Inclusive Finance Transformations program to facilitate the development and access to digital financial services in the ASEAN region. (4/18/2017) 

Consultation Paper on review of Policy Owners’ Protection Scheme. The MAS announced that it has published a Consultation Paper (CP) entitled, “Review of Policy Owners’ Protection Scheme – Scope, Coverage & Operational Issues,” to ensure that the Policy Owner’s Protection Scheme remains relevant in the face of market developments. Comments on the CP are due by May 19, 2017. (4/18/2017) 

MAS Monetary Policy Statement. The MAS has published its Monetary Policy Statement. (4/13/2017) 

Australia 

ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services. ASIC announced that it has entered into a Cooperation Agreement with Indonesia's Otoritas Jasa Keuangan to promote innovation in financial services in their respective markets. (4/21/2017) 

ASIC releases market integrity report. ASIC announced that it has released its latest report on market integrity for the period July 1, 2016, through December 31, 2016. (4/20/2017) 

ASIC updates guidance for strata schemes and management rights schemes. ASIC announced that it has updated Regulatory Guide 140 Strata schemes and management rights schemes. (4/12/2017)