Regulations Across ASEAN

This episode of Carver's ASEAN Regulatory Updates delves into significant regulatory changes affecting diverse sectors including pharmaceuticals, financial market infrastructures, and digital market competition.Key highlights include Singapore’s Monetary Authority introducing a Consultation Paper that mandates expanded recovery and resolution planning requirements along with statutory bail-in powers for capital market infrastructures, marking a substantial step towards international alignment in financial stability frameworks.Additionally, the Health Sciences Authority’s intensified enforcement against illegal health products and reclassification of etomidate as a Class C drug underline increased regulatory vigilance on public health safety in Singapore.In the Philippines, regulatory input is sought under Rule VI of Republic Act No. 12234 to foster competition and efficient use of digital infrastructure, signaling important market and compliance implications.For more information, visit the Carver Agents website.Articles mentioned:Basel III monitoring reportSummary report on authorisation – Zepzelca®Consultation Paper on Notice and Guidelines for Recovery and Resolution Planning and Enhancement of Resolution Powers for Capital Market InfrastructuresIndonesia: [Government of Indonesia] mulls lifting deficit cap amid high oil priceHSA Seized Over 1 Million Illegal Health Products and Removed More Than 2,300 Online Listings in 2025קול קורא לשת"פ קרן סינגפור-ישראל (SIIRD) בתחום ערים חכמותPhilippines - Ceramic tilesUN convention on judicial sale of ships signed in BeijingTerminologies for Categorized Adverse Event Reporting (AER): terms, terminology and codesCall For Inputs: Access List

This podcast episode explores significant regulatory developments affecting the financial sector in ASEAN, particularly focusing on Dematerialisation, the Securities and Futures Act, restructuring, digital financial asset regulation, and business license revocations.Key updates include the revocation of the business license of PT Tennet Depository Indonesia by the Financial Services Authority (OJK) for its role in digital financial asset depository services, requiring immediate cessation of related activities. In Singapore, the Monetary Authority of Singapore (MAS) has released consultation papers proposing a new regulatory framework for central securities depositories (CSDs) and a dematerialisation regime for listed company shares, aiming to modernize securities holding and registration processes. Additionally, MAS has imposed lengthy prohibition orders on two former relationship managers for regulatory breaches.These regulatory actions and proposals highlight the ASEAN region's drive to strengthen financial market integrity and adapt to technological advancements in securities and digital assets.For more information, visit the Carver Agents website.Articles mentioned:Revocation of Business License of PT Tennet Depository Indonesia as Provider of Depository Facility for Digital Financial Assets Including Crypto AssetsMAS Issues Prohibition Orders against former Relationship Managers Wang Qiming and Liu Kai20-Mar-2026 - Notice of Intended DissolutionConsultation Paper on Proposed Regulatory Framework for Central Securities Depositories2026-03-16 - 反倾销 - 美国对脂肪酸发起双反调查Consultation Paper on Proposed Dematerialisation Regime for Shares of Listed CompaniesR843BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic GrowthLabuan Financial Services Authority Offices To Close For The Additional Hari Raya Aidilfitri Public HolidaySiaran Pers: Debitur Pelaku Kejahatan Perbankan Bisa Dipidana, OJK Tuntaskan Tipibank BPR Duta Niaga Pontianak

This episode provides an in-depth review of critical regulatory developments influencing Public Consultation, False Statement enforcement, MSME growth, Financial Reporting, and Data Sharing across ASEAN markets.Key highlights include Malaysia’s unveiling of the Capital Market Masterplan 2026-2030, emphasizing market vibrancy and sustainability initiatives, alongside a groundbreaking Memorandum of Understanding between the Securities Commission Malaysia and the Companies Commission of Malaysia to enhance data-sharing for MSME identification and enforcement.Further, enforcement actions in Malaysia and Singapore spotlight ongoing commitments to combat false financial disclosures and anti-money laundering compliance, illustrating the rigorous regulatory environment firms must navigate.For more information, visit the Carver Agents website.Articles mentioned:SC Unveils Capital Market Masterplan 2026-2030Licensed Fund Management Company And Its Officers Investigated For Suspected Money Laundering And Suspected Failure To Comply With Obligations As A Licensed Capital Markets Services Licence HolderLPS Siapkan Pembayaran Simpanan Nasabah BPR KoperindoPublic Consultation on Proposed Areas of Review for the Building (Strata Management) ActBangko Sentral ng Pilipinas Discount Window Facility interest rates effective 10 March 202612 Mar 2026 - Policy Document on Technology Requirements for Payment Services RegulateesPengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan Perumda BPR Bank Cirebon (DL)SC Charges Former Group MD & CEO of Sarawak Consolidated Industries Berhad for False FinancialSC, SSM to Enhance Data-Sharing to Drive MSME Growth and Market IntegrityKolaborasi Strategis LPS – BSSN Perkuat Ketahanan dan Keamanan Siber

This episode delivers comprehensive insights into recent regulatory actions affecting multiple sectors within ASEAN, including deposit insurance administration, competition law enforcement, and monetary policy adjustments.Listeners will learn about Indonesia's Deposit Insurance Corporation (LPS) initiating claim payments and liquidation for PT BPR Kamadana and PT BPR Suliki Gunung Mas, with detailed timelines for deposit verification and claim submissions. The episode also covers the Business Competition Supervisory Commission’s (KPPU) hearing involving alleged tender collusion in a major gas project, highlighting the importance of compliance with competition laws.Monetary policy updates include Bank Indonesia maintaining its BI-Rate at 4.75%, while the Bangko Sentral ng Pilipinas reduced its Target Reverse Repurchase Rate by 25 basis points, influencing regional interest rate frameworks.For more information, visit the Carver Agents website.Articles mentioned:LPS Siapkan Pembayaran Simpanan Nasabah PT BPR Kamadana (DL)Pengumuman Tindak Lanjut Cabut Izin Usaha Perumda PT BPR KamadanaKPPU Hadirkan Guru Besar Hukum Ekonomi dalam Sidang Dugaan Persekongkolan Tender Proyek Gas CISEM IIPengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan PT BPR Suliki Gunung Mas (DL)Laporan Kelembagaan LPS Triwulan IV 2025BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic GrowthFormer Jalatama Officers Fail in Bid to Overturn Conviction and Sentence for Unlicensed Capital Market ActivitiesInvestor Alert List (as at 16/2/2026)Global South cooperation takes centre stage at India AI impact summit 2026Monetary Board reduces target RRP rate by 25 basis points

This episode covers regulatory updates in Deposit Insurance, Interest Rate, Bank Liquidation, Licensing, Investor Alert List.Highlights include the Indonesian Deposit Insurance Corporation (LPS) initiating deposit insurance payouts following the revocation of PT BPR Kamadana's license and the commencement of its liquidation process. The episode also reviews LPS's Institutional Report outlining expanded insurance policy guarantee functions.Monetary policy updates cover Bank Indonesia maintaining key interest rates to support economic stability, while the Bangko Sentral ng Pilipinas implements a 25 basis points cut to its Reverse Repurchase Rate to encourage liquidity.Regulatory enforcement developments from Indonesia involve the Competition Commission engaging an economic law expert in a tender collusion case, alongside upheld convictions for unlicensed capital market activities by former Jalatama officers.The episode concludes with updates from the Investor Alert List, reflecting ongoing vigilance in the financial sector.For more information, visit the Carver Agents website.Articles mentioned:LPS Siapkan Pembayaran Simpanan Nasabah PT BPR Kamadana (DL)Pengumuman Tindak Lanjut Cabut Izin Usaha Perumda PT BPR KamadanaKPPU Hadirkan Guru Besar Hukum Ekonomi dalam Sidang Dugaan Persekongkolan Tender Proyek Gas CISEM IILaporan Kelembagaan LPS Triwulan IV 2025BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic GrowthFormer Jalatama Officers Fail in Bid to Overturn Conviction and Sentence for Unlicensed Capital Market ActivitiesInvestor Alert List (as at 16/2/2026)Monetary Board reduces target RRP rate by 25 basis points

This episode of Carver's ASEAN Regulatory Updates delves into significant regulatory changes across taxonomy, prudential reporting, capital adequacy, striking off, and regulatory sandbox sectors. Listeners will gain insight into enhanced governance frameworks, sustainability mandates, and cybersecurity standards shaping the ASEAN financial landscape.Key updates include the Bangko Sentral ng Pilipinas raising the cash withdrawal threshold triggering enhanced due diligence and revising its regulatory reporting governance framework to ensure data integrity and timely submissions. In Malaysia, the Labuan Financial Services Authority unveiled its 2026 regulatory plan focusing on capital adequacy and embedding climate risk management within governance structures. Additionally, the Securities Commission Malaysia launched a consultation on a new, detailed Malaysia Taxonomy for Sustainable Finance aligned with ASEAN and international standards.Singapore's Cyber Security Agency announced mandatory tiered Cyber Trust Mark certification levels for critical and non-critical infrastructure owners and auditors, with deadlines through 2026 and 2027. The Monetary Authority of Singapore issued guidelines on environmental risk management, emphasizing forward-looking transition planning for banks, insurers, and asset managers to address climate-related risks responsibly.For more information, visit the Carver Agents website.Articles mentioned:Statement of the Forty-fourth Meeting of the Polio IHR Emergency Committee1231SW 12/2024 - 06-Mar-2026 - Notice of Striking Off for ING Gourmet Pte LtdCSA to Raise Cybersecurity Standards for Critical Information Infrastructure OwnersBSP, itinaas sa P1-M ang halaga ng cash withdrawal na mangangailangan ng masusing pagsiyasat02 Mar 2026 - Call for Feedback: Malaysia Taxonomy for Sustainable FinanceSenior Minister of State, Tan Kiat How, Committee of Supply 2026 Speech, Safeguarding our Digital Space in a Digital AgeLabuan FSA Regulatory Plan for 202605.03.2026 - Shaping a stronger future for the Asia PacificMAS Sets Supervisory Expectations on Financial Institutions for Transition Planning Practices in addressing Environmental Risk

Welcome to Carver's ASEAN Regulatory Updates.In this episode, we delve into Singapore’s landmark multi-agency cyber operation, Operation CYBER GUARDIAN, targeting the advanced persistent threat actor UNC3886 in the telecommunications sector. This government-led effort highlights Singapore’s commitment to enhancing its cybersecurity defenses through multi-agency collaboration.We also cover regional health security initiatives, focusing on a recent ASEAN workshop dedicated to improving pooled procurement mechanisms for emergency medical countermeasures aimed at strengthening collective preparedness for health crises.The episode highlights the Philippines’ ASEAN travel exchange event in Cebu, which generated initial sales leads worth 1.44 billion Philippine pesos, reinforcing the country’s position as a premier MICE and tourism destination within ASEAN.Finally, we review Malaysia’s strong economic performance in Q4 2025 with 6.3% GDP growth supported by robust domestic demand and exports. Additionally, we touch on key financial regulatory developments including the appointment of Malaysia’s first Social Exchange Platform operator.For more information, visit the Carver Agents website.Articles mentioned:Opening Speech by Minister Josephine Teo at the Operation CYBER GUARDIAN Engagement Event For Cyber Defenders on 9 Feb 2026Largest Multi-Agency Cyber Operation Mounted to Counter Threat Posed by Advanced Persistent Threat (APT) Actor UNC3886 to Singapore’s Telecommunications SectorASEAN travel exchange in Cebu yields P1.4 billion in initial sales leadsPartners discuss improving pooled procurement of emergency medical countermeasuresEconomic and Financial Developments in Malaysia in the Fourth Quarter of 2025Pengumuman Tindak Lanjut Cabut Izin Usaha Perumda BPR Bank Cirebon (DL)KPPU Denda Rp6,7 Miliar atas Persekongkolan Hambat Usaha PT Laboratorium Medio PratamaExposure Draft of Guidelines on Payment System OperatorPengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan PERUMDA BPR Bank Cirebon (DL)SC Names Malaysia’s First Social Exchange Platform OperatorAmendments to the BSP Regulations on Reserve Requirements and Related Reports第32回アジア輸出管理セミナーを開催しましたConsultative Document on the Proposed:(1) Guideline for the Reporting Framework for Beneficial Ownership of Limited Liability Partnerships; and(2) Case Studies and Illustrations of the Guideline for the Reporting Framework for Beneficial Ownership of Limited Liability PartnershipsOJK, LPS dan BPS Pastikan Kualitas Data Survei Nasional Literasi dan Inklusi Keuangan (SNLIK) 2026Investor Alert List (as at 9/2/2026)LPS Siapkan Pembayaran Simpanan Nasabah Perumda BPR Bank CirebonSidang Cisem II: KPPU Periksa Saksi Terlapor13-Feb-2026 - Notice of Application into Simplified Winding Up ProgrammeSTACKx Cybersecurity 2026: Creating a trusted digital future togetherTerlapor Tidak Hadir, KPPU Tunda Sidang Dugaan Persaingan Usaha Tidak Sehat Penjualan AC Merek AUX

Welcome to Carver's ASEAN Regulatory Updates.This episode highlights significant regulatory and institutional developments across ASEAN financial markets. The Monetary Authority of Singapore (MAS) has issued a prohibition order against an individual for forgery and unauthorized access, reinforcing consumer protection with mandatory real-time transaction alerts and clarified liability rules for fraudulent transactions.In Malaysia, Bank Negara introduces a new operational risk reporting policy to enhance banking sector resilience. The Malaysian Climate Finance Accelerator program invites innovative low-carbon businesses to support the country’s sustainable transition.Bank Indonesia and the Bank of Korea have renewed their bilateral currency swap arrangement, facilitating financial stability with a multi-trillion local currency exchange. They are also launching a Korea-Indonesia cross-border QR payment interlinkage service to enable seamless payments and reduce foreign exchange risks.These updates demonstrate ongoing efforts by ASEAN regulators to strengthen financial stability, promote innovation, and protect consumers in a rapidly evolving digital economy.For more information, visit the Carver Agents website.Articles mentioned:Moody's Affirmed the Republic of Indonesia's Sovereign Credit Rating at Baa2, Outlook Revised to NegativeMAS Issues Prohibition Orders against Jimmy Ling Xiao TingDaily News 02 / 02 / 202606 Feb 2026 - Policy Document on Operational Risk ReportingTrading Suspensions: TechCreate Group Ltd.06.02.2026 - National Armaments Director on business trip in Singapore and South KoreaOpening Speech by Minister Josephine Teo at the Launch of Exercise SG Ready 2026 and Total Defence Commemoration Event on 1 Feb 2026Opening Address by Mr David Koh, Chief Executive of CSA at CYSAT Asia on 5 Feb 2026Bank Indonesia and Bank of Korea Continue Cooperation on Korea–Indonesia Cross-Border QR Payment InterlinkageWritten reply to Parliamentary Question on delays and non-receipt of transaction alerts for fraudulent transactionsInnovative low-carbon businesses invited to apply for new Climate Finance Accelerator MalaysiaPDPC to Step up Enforcement Action Against Misuse of NRIC numbers and Issues New Advisory on Data ProtectionOrganisations to cease the use of NRIC numbers for authentication by 31 December 2026CSA and MHA Launch National Simulated Scams Exercise as Part of Exercise SG Ready 2026Bank of Korea and Bank Indonesia Signed a Renewal of Bilateral Currency Swap ArrangementBI and BOK Continue Cooperation on Korea–Indonesia Cross-Border QR Payment InterlinkageBank Indonesia and Bank of Korea Signed a Renewal of Bilateral Currency Swap ArrangementSingapore’s Contributions to the International Monetary Fund – First Motion Speech by Mr Alvin TanNEWS BRIEF 05-02-26Written reply to Parliamentary Question on clearer regulatory guidance on assigning liability for fraudulent transactions

Welcome to Carver's ASEAN Regulatory Updates.In this episode, we explore ASEAN's ambitious outlook to produce 8.5 million barrels of sustainable aviation fuel daily by 2050, reinforcing the region's commitment to cleaner energy and sustainability in aviation.We also cover key outcomes from the ASEAN Foreign Ministers’ Retreat held in Cebu, Philippines, which officially launched ASEAN 2045 and its Strategic Plans aimed at fostering deeper regional cooperation and long-term growth.Additionally, the Secretary-General of ASEAN hosted a farewell lunch honoring H.E. Natércia Cipriano Coelho da Silva, the outgoing Permanent Representative of the Democratic Republic of Timor-Leste to ASEAN, recognizing her contributions to regional initiatives.For more information, visit the Carver Agents website.Articles mentioned:ASEAN poised to produce 8.5 million barrels of sustainable aviation fuel daily by 2050Secretary-General of ASEAN to participate in the ASEAN Foreign Ministers' Retreat in Cebu, the Republic of the PhilippinesSecretary-General of ASEAN hosts farewell lunch for the outgoing Permanent Representative of Democratic Republic of Timor-Leste to ASEAN