Regulator requires two years of full records, client authentication and validation, a written contingency plan and compliance reviews for instant messaging use.
CIPS phase two launch extends operating hours to 24 hours on working days, among other improvements to expand participation globally and better meet participants' needs.
Regulator is taking steps to discourage exchanges from trading privacy-focused cryptocurrencies favoured by criminals such as Monero, Dash, Zcash.
Regulator warns that Australian corporate and consumer law applies, even for overseas ICOs, if Australian consumers are affected.
FSC to dedicate committee of experts to assessing banking, insurance, securities licenses; aimed at boosting transparency, efficiency, lowering entry barriers.
Proposals include raising compensation limit to HKD500,000 per investor, covering Stock Connect northbound trading; raising trigger for reinstating transaction levy to fund compensation.
Amex application to operate in China through a joint venture with domestic mobile-payment provider Lianlian has reportedly been accepted by PBOC.
Internet only banks must be at least 50 percent owned by a traditional lender, and subject to the same capital requirements.
Consultation covers fee models and cost recovery, intellectual property, standardisation, competition among UPI service providers, arrangements for UPI reference data library.
In biggest rule changes in two decades, innovative and emerging companies with weighted voting rights structures will be able to list in Hong Kong from Monday.