New Zealand Set to Unveil Regulatory Framework for BNPL

11/08/2023

BNPL lenders will have to complete comprehensive credit reporting when customers sign up or increase their credit limit.

Fintech / Regtech

China Proposes to Tighten Rules on Use of Facial Recognition Tech

11/08/2023

The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.

Securities / Derivatives

SEBI Streamlines Approval Process for Change in Control of Merchant Bankers

10/08/2023

SEBI has streamlined the procedure of obtaining prior approval for a proposed change in control of merchant bankers and bankers to an issue.

Fintech / Regtech

China Launches New Data Platform for Regional Equity Markets

10/08/2023

The platform enables market participants to gain a unified view of corporate data from China’s 30-plus regional equity markets.

Sanctions

US, Canada, New Zealand Target Belarus With New Sanctions

10/08/2023

The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.

Global Law Firm Dentons to Split Off China Operations

10/08/2023

The move is a response to “new mandates and requirements relating to data privacy, cybersecurity, capital control and governance”.

AML / KYC

US Senators Reintroduce Digital Asset Anti-Money Laundering Act

10/08/2023

The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.

ESG / Sustainability

New Zealand: FMA Official Tackles Greenwashing Concerns

10/08/2023

FMA executive director Paul Gregory addressed greenwashing in funds industry, focusing on regulatory perspectives on fair dealing and members’ interests.

AML / KYC

US Issues Executive Order to Further Limit Investment in Chinese Tech

10/08/2023

The order targets investments in advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence.