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PEPs & Sanctions
US Sanctions Entities Linked to Iranian Drone Production
23/09/2023
The sanctions target entities in Iran, China, Russia, and Turkey for aiding the production, maintenance, and procurement of drones and military aircraft by Iran.

Structural Regulation
CSRC Plans Reforms to Drive Better Dividend Payouts by Listed Companies
22/09/2023
Companies that don’t pay dividends will be required to justify these decisions, and restrictions on stock sales may be imposed on their controlling shareholders.

Structural Regulation
China Considers Looser Restrictions on Foreign Ownership in Listed Companies
22/09/2023
China currently caps total foreign ownership in local listed companies at 30%, and subjects a single foreign shareholder to a 10% limit.

Credit Risk
RBI Revises Guidelines on Identification of ‘Wilful Defaulters’
22/09/2023
Lenders will have just six months after an account is categorised as non-performing to classify the borrower as a wilful defaulter.

Structural Regulation
SFC Finalises Revisions to Takeovers and Share Buybacks Codes
22/09/2023
The amended Codes on Takeovers and Mergers and Share Buy-backs will be gazetted on 29 September 2023 and then take effect immediately.

Operational Risk
APRA to Enhance Standards on Superannuation Member Outcomes
22/09/2023
Deputy chair Margaret Cole said updating SPS 515 was one of APRA’s most important policy priorities in superannuation.

Capital Adequacy
RBI Extends Basel III Requirements to National Financial Institutions
22/09/2023
The five All India Financial Institutions will have to comply with Basel III capital adequacy requirements from April 2024.

Anti-Money Laundering
Assets Involved in Singapore Money Laundering Case Reach S$2.4 Billion
22/09/2023
Singapore police say the assets involved in the case now involve S$2.4bn, which is more than twice the amount initially reported in August.

Tokenisation
Thai Digital Assets Exchange Set to Launch First Investment Token
22/09/2023
The investment token is backed by three Bangkok luxury condominium projects. The ICO raised about THB 2.4 billion (USD 67 million).

Emerging Prudential Risks
MAS Finalises Framework for Designating Systemically Important Insurers
22/09/2023
The inaugural list of D-SIIs includes AIA Singapore; Income Insurance; Prudential Assurance; and Great Eastern Life.
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