Fintech / Regtech

APRA Sets September Go-Live for New Data Collection Solution

21/12/2020

The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.

Securities / Derivatives

Hong Kong Bourse to Introduce Paperless IPO Regime in July

21/12/2020

From 5 July 2021, listing documents must be published solely in an electronic format, and new subscriptions must be made through online channels only.

AML / KYC

Intermediaries Should Lay Down Anti-bribery Policies: SFC

21/12/2020

Intermediaries should draw reference from the sample code of conduct issued by the ICAC and provide appropriate training to directors, staff members and agents.

Market Infrastructure

HKMA Unveils Enhanced Competency Framework on Operational Risk

20/12/2020

The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.

Securities / Derivatives

FMA Clarifies Expectations on Use of Overseas Research in New Zealand

20/12/2020

Overseas firms without a New Zealand financial advice licence can supply research reports to licensed New Zealand firms, but not to retail clients.

ASIC Consults on Internal Dispute Resolution Reporting Requirements

20/12/2020

ASIC has adopted feedback on the data reporting requirements from an earlier consultation. Additional feedback is needed before it confirms the next steps for implementation.

BNM Launches New Financing Facility for ‘High Tech’ SMEs

20/12/2020

The facility will cater to SMEs in advanced manufacturing and services sectors as well as those participating in key government programmes.

Market Infrastructure

Philippine SEC to Mandate New Cybersecurity Rules for Capital Markets

20/12/2020

Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.

AML / KYC

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.