AML / KYC

MAS Publishes Responses to VCC Consultation Papers

16/01/2020

VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.

Securities / Derivatives

SGX Proposes Tighter Auditing, Property Valuation Standards

16/01/2020

Foreign issuers may appoint foreign auditors, but an ACRA-registered firm must also serve as a joint auditor. Standards for property valuations by issuers are also being raised.

Crypto / Digital Assets

Malaysia Issues New Guidelines on Digital Assets

16/01/2020

The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.

Securities / Derivatives

Hang Seng Index Operator Seeks Views on Constituent Eligibility

16/01/2020

The operator of the Hang Seng Index is soliciting market views on the eligibility of weighted voting rights and secondary-listed companies for inclusion in the benchmark.

Fintech / Regtech

EBA Details Roll-out Challenges of Big Data, Advanced Analytics

16/01/2020

The EBA has identified four key pillars necessary to support the rollout of advanced analytics in the banking sector, along with a set of ‘elements of trust’.

Securities / Derivatives

SEBI Grants Two-Year Reprieve for Separation of Chairman, MD Roles

15/01/2020

The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.

Crypto / Digital Assets

Japan FSA to Limit Crypto Leverage to 2x Deposits – Report

15/01/2020

The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.

Market Infrastructure

Malaysia to Boost Digital Payments with $110m Giveaway

15/01/2020

Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.

Securities / Derivatives

Hong Kong, China Resume Discussions on ETF Connect

15/01/2020

SFC deputy chief executive Julia Leung has indicated that discussions with the CSRC have resumed to address the technical challenges of implementing an ETF Connect.