Capital / Liquidity

PBOC Expands Lending Support Facilities to Boost SME, Agri Sectors

03/07/2023

The PBOC is expanding its relending and rediscounting facilities to incentivise commercial banks to issue loans to small businesses and the agricultural sector.

Securities / Derivatives

SGX RegCo Issues New Guidance on Use of IFAs

03/07/2023

The guidance sets out expectations on the advice IFAs provide on proposed transactions such as exit offers and interested person transactions.

Capital / Liquidity

China: NFRA Issues Regulatory Ratings Framework for Finance Companies

03/07/2023

Finance companies with poor regulatory ratings will be subjected to “continuous regulatory attention” and listed as key targets for on-site inspections.

Enforcement

CFTC Establishes Task Forces to Target Cyber Threats, Environmental Fraud

02/07/2023

The task forces will help the CFTC address cybersecurity issues, emerging technologies like AI, and fraud in carbon markets.

Fintech / Regtech

EU Proposes Measures to Enable ‘Open Finance’ and Tackle Payments Fraud

02/07/2023

Payment service providers will gain a legal basis to voluntarily share payment fraud related information via dedicated IT platforms.

Fintech / Regtech

HKEX Confirms Plans to Expand Paperless Listing Regime

02/07/2023

HKEX will reduce the number of submission documents required from issuers and mandate electronic means as the only mode of submission.

Crypto / Digital Assets

South Korea Passes Virtual Asset User Protection Bill

02/07/2023

The bill focuses on protecting virtual asset users and preventing unfair trading practices. The new framework will be implemented within one year.

PBOC Announces Pan Gongsheng’s Appointment as New Party Chief

02/07/2023

Pan Gongsheng replaces Guo Shuqing as party chief and is expected to also replace Yi Gang as central bank governor.

AML / KYC

Consultation Opens on Revisions to FATF Standards for NPOs

01/07/2023

The proposed amendments seek to address issues related to the over-application of preventive measures to the NPO sector, which hinders genuine non-profit activity.