Big Picture

Policy Reforms Needed for Platform-based Financial Services: BIS

13/01/2022

A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.

AML / KYC

SEBI Requires Debt Issuers to Disclose Related Party Transactions

13/01/2022

High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.

Big Picture

WEF Calls for Global Coordination to Address Emerging Risks

12/01/2022

The climate crisis, growing social divides, heightened cyber risks, an uneven global recovery and competition in space were cited as key risks.

Securities / Derivatives

SEBI Proposes to Update Rules for Collective Investment Schemes

12/01/2022

SEBI proposes to introduce a minimum number of investors, a minimum subscription amount and maximum holdings by a single investor in a CIS.

Big Picture

FSB Publishes Papers on Insurer Resolution Planning

12/01/2022

The FSB requests feedback on two papers that seek to address issues for insurers related to resolution planning and interconnectedness.

Securities / Derivatives

Macau-Henqin Zone to Pilot QFLP Scheme from 29 January

11/01/2022

Foreign investors will be able to set up private equity funds in the Macau-Hengqin zone and raise money from onshore and offshore investors.

Securities / Derivatives

FSC Korea Unveils New Initiatives to Promote KONEX Market

11/01/2022

The FSC will set up a KRW 100 billion fund that will invest in KONEX listed firms and lower entry barriers for investors in the market.

Fintech / Regtech

FSC to Enable Greater Access to Data Convergence Services

10/01/2022

Rule changes will enable smaller firms with no data samples of their own to access anonymised data originating from other businesses.

Crypto / Digital Assets

Former CFTC Chair Calls for Dedicated US Crypto Regulator

09/01/2022

Such a bureau would have its own authorisation and financing, and adopt the mandates of both the CFTC and SEC, said J. Christopher Giancarlo.