Huarong Puts Assets Up for Sale in Restructuring Effort

18/09/2021

The move follows an agreement by state-backed investors including Citic Group to recapitalise Huarong.

S. Korea to Extend Loan Support for SMEs Six More Months

18/09/2021

To help support small businesses, state-run financial institutions will provide liquidity worth about 4 trillion won.

Market Infrastructure

BSP Directs Payment Systems to Adopt PFMI Standards

18/09/2021

Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

Enforcement

ACCC Launches Formal Investigation into Apple Pay

17/09/2021

Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.

AML / KYC

RBI Invites NBFCs to Apply for Aadhaar Authentication Licences

17/09/2021

With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.

Securities / Derivatives

FINMA Grants Approval Allowing SIX to Deal in Digital Securities

16/09/2021

SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.

Securities / Derivatives

MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market

16/09/2021

MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.

Market Infrastructure

NZ Privacy Commissioner Issued Compliance Notice to RBNZ

16/09/2021

The compliance notice was triggered by the cyber-attack suffered by the RBNZ in December 2020, and confirms the work underway to make its systems more secure.

Enforcement

SEBI to Shorten Time Allowed to Settle Enforcement Proceedings

16/09/2021

SEBI proposes to reduce the timeline allowed for entities to file applications to settle enforcement proceedings from 180 to 60 days.