Securities / Derivatives

CSRC Grants Mutual Fund Licence to Neuberger Berman

28/11/2022

Neuberger Berman was granted approval to set up a wholly-owned mutual fund business in China in September 2021, but has since been waiting for an operating licence.

Capital / Liquidity

SFC Proposes Risk Management Guidelines for Futures Brokers

28/11/2022

The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.

AML / KYC

Authorities from Ten Countries Take Down Spoofing Website

28/11/2022

Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.

China Establishes Five New Reform Zones for Tech Innovation

26/11/2022

Directive calls on banks, insurers and PE firms to provide services and investment to innovative companies in Shanghai, Nanjing, Hangzhou, Hefei and Jiaxing.

Securities / Derivatives

SEBI Restricts Activities of AIFs Using Priority Distribution Models

26/11/2022

Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

Fintech / Regtech

FSC Korea Outlines Reforms to Provide Boost to Insurance Sector

26/11/2022

The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.

Fintech / Regtech

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Market Infrastructure

CSRC Issues Technology Standards for Securities, Futures Firms

26/11/2022

Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.

ESG / Sustainability

ISDA Identifies Opportunities to Standardise SLD Terms

26/11/2022

ISDA describes sustainability-linked derivatives as typical derivatives transactions with an ESG add-on that affects payment flows.