Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.
Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.
APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.
ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.
In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.
The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
South Korea is the first country to pass legislation forcing companies like Apple and Google to offer payment alternatives in their app stores.
The Financial Services Council and Financial Planning Association are developing an industry standard form to be used for advice fee disclosures.
The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.