BSP to Ease Documentary Requirements for FX Transactions

31/07/2022

The BSP has proposed draft rules to ease the documentary requirements for registering inward investments and FX remittances to fund investments.

Capital / Liquidity

SFC Fines Hedge Fund Manager for Liquid Capital Deficit

31/07/2022

KTF Capital Management had a HK$20mn deficit between 13 and 18 December 2018 but misrepresented to the SFC that it maintained sufficient liquid capital during the period.

ESG / Sustainability

JPX Unveils Plans to Promote ‘New Capitalism’ Agenda

31/07/2022

JPX will develop an environment that promotes innovation and growth in companies, while also improving financial literacy and promoting asset building by households.

Capital / Liquidity

RBI Allows Payment Aggregators Time To Obtain Licenses

31/07/2022

Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications

ESG / Sustainability

NZ XRB Issues Final Consultation on Climate Reporting Standards

31/07/2022

The XRB intends to finalise the standards in December 2022. New Zealand’s first climate statements will be published in April 2024.

Securities / Derivatives

SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms

31/07/2022

Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.

Securities / Derivatives

Korean Regulators Vow to Punish Illegal Short Selling Activities

29/07/2022

Regulators may revise laws as early as this year to require short sellers trading large quantities of stocks to file reports on their activity.

AML / KYC

AUSTRAC Proposes Rule Change to Accommodate ISO 20022

29/07/2022

The proposed amendments will enable reporting entities to submit IFTIs using the ISO 20022 message format.

Market Infrastructure

APRA Proposes New Operational Risk Management Standard

29/07/2022

APRA proposes to introduce a new cross-industry prudential standard on operational risk management, which also covers third-party service providers.