Securities / Derivatives

China Launches New Platform for Personal Pension Investors

15/11/2022

The platform allows users to open accounts, view product information, and communicate with FIs offering pension and wealth management products.

Fintech / Regtech

MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs

15/11/2022

The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.

AML / KYC

GLEIF, SWIFT Collaborate to Enable Mapping Between MICs and LEIs

15/11/2022

GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.

Crypto / Digital Assets

Singapore and Hong Kong Regulators Address FTX Queries

15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

AML / KYC

New US Sanctions Target Network Procuring Tech for Russia

15/11/2022

OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.

Securities / Derivatives

UOB Lists First Product on SGX Using Shenzhen ETF Link

15/11/2022

The SGX-listed ETF replicates the performance of SZSE’s ChiNext Index by investing in a Shenzhen-listed ETF managed by Ping An Fund Management.

Enforcement

US SEC Expands Staff Messaging Probe to Private Equity Firms

15/11/2022

KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.

Crypto / Digital Assets

EU Parliament Adopts DORA Text, Enforcement Expected in 2025

14/11/2022

New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.

Capital / Liquidity

HKMA Proposes Changes to Approach for Setting CCyB

14/11/2022

The HKMA proposes to maintain a Positive Neutral CCyB of 1 percent even when its primary indicators maybe signal a lower applicable CCyB.