Crypto / Digital Assets

SFC Publishes Names of VATP Licence Applicants

01/10/2023

Four VATP operators have submitted licence applications to the SFC. Six entities are listed as ‘suspicious VATPs’.

Fintech / Regtech

ISDA Exploring Development of “Industry Notices Hub”

30/09/2023

The hub would help to address uncertainty over the delivery of critical notices between derivatives market counterparties.

Singapore: New CMFAS Exams to Commence from 1 April 2024

30/09/2023

The commencement date was announced in MAS’ response to a 2020 consultation on competency requirements for financial advisers and CMS licence holders.

Sanctions

UK OFSI Updates Russia Sanctions Guidance

29/09/2023

The updated guidance addresses uncertainties regarding funds received from sanctioned banks when neither the sender nor recipient are designated persons.

Enforcement

US Regulators Fine 12 More Entities in WhatsApp Probe

29/09/2023

The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.

Fintech / Regtech

BOT Issues Guidelines on Biometric Technology Adoption

29/09/2023

The guidelines introduce six guiding principles to serve as the minimum requirements for financial service providers in applying biometric technology.

AML / KYC

ESMA Withdraws JSE Clear’s Recognition Decision

29/09/2023

JSE Clear will no longer be permitted to provide clearing services to clearing members or trading venues in the EU.

Market Infrastructure

China Proposes to Relax Rules on Cross-border Data Transfers

29/09/2023

Security assessments will no longer be required for most business activities as long as personal data is limited and important data is not involved.

Securities / Derivatives

HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong

29/09/2023

Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.