Cloud & Infrastructure

FSC Korea Reiterates Plans to Regulate Bigtech in Financial Services

17/01/2022

The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.

Trading & Investment

SEBI Issues Framework for Operationalising Gold Exchanges

14/01/2022

‘Electronic Gold Receipt’ transactions have been divided into three tranches: creation of EGRs, trading of EGRs on stock exchanges, and conversion back into physical gold.

Data Privacy

South Korea to Designate More ‘Data Specialising Institutions’

13/01/2022

Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.

Data Privacy

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.

Structural Regulation

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.

Climate Risk

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.

Structural Regulation

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.

Resolution & Recovery

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.

Alternative Markets

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.