Cloud & Infrastructure

MAS Announces Grant to Help Small FIs Adopt Reg Reporting Tech

09/11/2020

The grant provides funding support for smaller FIs to adopt regulatory reporting solutions from pre-approved providers – AxiomSL, KPMG Services and Wolters Kluwer.

PEPs & Sanctions

SFC Eases Uncertainty Over National Security Law – Report

09/11/2020

Implementing US sanctions is unlikely to be considered a breach of the national security law. The SFC has dropped a plan to force cloud providers to share client data.

Trading & Investment

SEBI Introduces ‘Flexi Cap’ Category for Mutual Funds

09/11/2020

The new ‘Flexi Cap Fund’ category allows fund managers to dynamically change their allocations across small, mid and large-cap stocks.

Market Data & Technology

HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund

09/11/2020

Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.

Anti-Money Laundering

Hong Kong Lawmaker to Propose Bill to Combat Illegal Wildlife Trade

09/11/2020

The bill will seek to incorporate wildlife crimes into Hong Kong’s Organised and Serious Crimes Ordinance, allowing authorities to follow the money and prosecute syndicate leaders.

Trading & Investment

SEBI Doubles Overseas Investment Limit for Mutual Funds

09/11/2020

SEBI says mutual funds can now invest up to $600mn overseas, up from $300mn previously, subject to a $7bn overall industry limit.

Emerging Prudential Risks

Key Risks to Financial System Have Been Contained: PBOC

08/11/2020

However, the PBOC believes the world economy is still in a period of deep adjustment, amid concerns that the risk of debt defaults has increased.

Structural Regulation

FMA Finalises Standard Conditions for Full Financial Advice Licence

08/11/2020

All financial advice providers will have to meet the standard conditions to obtain a full licence when the new advice regime takes effect on 15 March 2021.

Anti-Bribery & Corruption

Second Ex-Chairman of Hengfeng Bank Gets Death Sentence

08/11/2020

The former chairman will have his sentence commuted to life in prison if he commits no further crime over the next two years.