Market Infrastructure

FS-ISAC Warns of Cyber Risk ‘Trifecta’ in 2022 and Beyond

15/03/2022

Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.

Fintech / Regtech

RBI Launches New Services to Drive Digital Payments Adoption

15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Market Infrastructure

PBOC to Set Up New Funding System to Drive Energy Transformation

15/03/2022

The PBOC will provide financial support for the development of new energy sources such as wind power, photovoltaics and other forms of energy transformation.

Securities / Derivatives

MAS Issues New Compliance Toolkits for Fund Managers, CMS Licensees

15/03/2022

The compliance toolkits will provide regulated entities with a simple reference on the common applications, forms and submission requirements.

Fintech / Regtech

Hong Kong IA Relaxes Rules on Online Sale of Insurance

15/03/2022

ILAS (investment-linked assurance schemes) can now also be distributed using non-FTF methods, with a fast track authorisation process.

Market Infrastructure

PBOC Outlines Achievements to Resolve Financial Risks

14/03/2022

The PBOC cited as examples the measures taken in relation to TMRW Group, Anbang, HNA Group, Baoshang Bank, Bank of Jinzhou and Hengfeng Bank, among others.

Fintech / Regtech

Thailand to Offer Tax Exemptions on Crypto Trades

14/03/2022

Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.

Securities / Derivatives

Mainland Investment Banks Barred from Sponsoring HK SPACs

14/03/2022

Mainland investment banks cannot act as SPAC promoters in Hong Kong, but commercial bank-affiliated institutions can.

Enforcement

SEBI Seizes Records from Market Manipulators in 4 States

14/03/2022

Individuals and entities were operating Telegram channels to encourage investors to deal in listed stocks, thereby creating “artificial volume and price rise”.