AML / KYC

China Ramped Up AML/CTF Enforcement in 2018, PBOC Report Shows

14/11/2019

Enforcement of AML/CTF rules increased in 2018, evidenced by a 41% increase in fines levied. Firms in non-financial sectors have also been brought under the PBOC’s AML/CTF supervision ambit.

Securities / Derivatives

SEBI Cuts IPO Listing Time to Just Three Days

13/11/2019

The move comes as the country’s securities regulator has extended its timeline to make all retail applications for public equity issues to be paid exclusively using digital payment application, UPI.

AML / KYC

BCBS Seeks Cooperation Between Prudential and AML Supervisors

13/11/2019

The BCBS says different supervisory functions should exchange information and cooperate both domestically and across borders, regardless of the institutional setting.

Securities / Derivatives

Malaysia Finalises Requirements for Electronic Trading Platforms

13/11/2019

The new rules went into effect on 11 November and require that electronic trading platforms and networks obtain prior approval from the central bank before offering services in Malaysia.

Fintech / Regtech

BIS Launches Innovation Hub Centre in Singapore

13/11/2019

The launch of the BIS Innovation Hub Centre took place on the sidelines of the 2019 Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology.

APRA Seeks Standardised Quarterly Reporting Dates

13/11/2019

The proposed standardised due date is 35 calendar days after the last day of the reference quarter, which will create a 14 calendar day extension for credit unions and building societies.

Securities / Derivatives

SET Launches Interbank Payment System for Securities Transactions

13/11/2019

The new system will provide greater convenience for investors, alleviate intermediaries’ cash management burden, and mitigate payment risks in the banking system.

Securities / Derivatives

MAS Grants Dalian Commodity Exchange RMO Licence

12/11/2019

China’s Dalian Commodity Exchange has been recognised by the MAS as a market operator, allowing it to promote iron ore futures to Singapore investors.

Enforcement

UBS to Pay HK$600m in Fines and Compensation for Overcharging Clients

12/11/2019

The SFC reprimanded and fined UBS for overcharging clients over a ten-year period, affecting 5,000 Hong Kong-managed client accounts in over 28,000 transactions.