Securities / Derivatives

Schroders Wins Approval to Set Up Mutual Fund Unit in China

16/01/2023

The Schroders approval follows several other new approvals for foreign-owned mutual fund businesses, granted to Neuberger Berman, Fidelity International, and Manulife.

CBIRC Issues New Rules on Reporting Regulatory Statistics Data

15/01/2023

Banks and insurers are required to manage statistical reporting work centrally, from a dedicated department, and to establish data review, governance, and quality control mechanisms.

AML / KYC

Illicit Crypto Transactions Reached All-time High in 2022

15/01/2023

Chainalysis says 44 percent of 2022’s illicit transaction volume came from activity associated with sanctioned entities, including sanctioned crypto exchange Garantex.

ESG / Sustainability

Shanghai Releases New Green Finance Action Plan With 2025 Targets

15/01/2023

The cumulative balance of green finance deployed will reach CNY 1.5 trillion by 2025. Banks and insurers will establish dedicated green finance business centres in Shanghai.

AML / KYC

FATF Publishes Consolidated Table of Assessment Ratings

15/01/2023

FATF members reportedly blocked proposals that could have more meaningfully reformed the process for adding countries to the blacklist and greylist.

AML / KYC

CSRC Official Faces Criminal Prosecution for Corruption

15/01/2023

The former head of the CSRC’s Shandong branch was found to have accepted gifts and bribes and engaged in illegal stock trading.

AML / KYC

GCFFC Establishes APAC Regional Chapter

13/01/2023

The APAC Chapter is led by DBS Bank’s Debra Au and Westpac’s Jodie Arthur serving as co-chairs, and Napier’s Robin Lee serving as vice chair.

Securities / Derivatives

FIA Publishes Netting and Collateral Opinions for China

13/01/2023

China’s adoption of its new Futures and Derivatives Law in August 2022 made it possible for FIA to commission the opinions.

Enforcement

US SEC Files Charges Against Crypto Firms Gemini, Genesis

13/01/2023

The SEC says the Gemini Earn programme, which allowed investors to earn interest on their crypto assets, constituted the offer and sale of unregistered securities.