Fintech / Regtech

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    Crypto / Digital Assets

    MAS to Require Trust Holding of DPT Customers’ Assets

    By Jill Wong | 04/07/2023

    MAS says the move is aimed at preventing the loss of customers’ assets and to facilitate a recovery in the event of a DPT provider’s insolvency.

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    Crypto / Digital Assets

    Hong Kong Establishes Task Force to Advance Web3 Development

    By Sanday Chongo Kabange | 03/07/2023

    The task force will bring together industry leaders and regulators to provide advice on developing Hong Kong into a Web3 hub.

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    AML / KYC

    MAS Highlights Misuse of Legal Persons through Data Analytics

    By Jill Wong | 03/07/2023

    The MAS has published a paper to guide banks in using data analytics to detect and prevent the use of front companies to conceal illicit activities.

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    Fintech / Regtech

    RBI Launches New Centralised Information Management System

    By Sanday Chongo Kabange | 03/07/2023

    The new system uplifts the RBI’s ability to handle large data flows, aggregate data, perform analysis, disseminate information to the public, and engage with reporting entities.

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    Fintech / Regtech

    EU Proposes Measures to Enable ‘Open Finance’ and Tackle Payments Fraud

    By Editors | 02/07/2023

    Payment service providers will gain a legal basis to voluntarily share payment fraud related information via dedicated IT platforms.

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    Fintech / Regtech

    HKEX Confirms Plans to Expand Paperless Listing Regime

    By Editors | 02/07/2023

    HKEX will reduce the number of submission documents required from issuers and mandate electronic means as the only mode of submission.

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    Market Infrastructure

    Thailand Launches Fully Digitalised Platform for Corporate Bond Issuance

    By Sanday Chongo Kabange | 02/07/2023

    The DIF Web Portal is an end-to-end system covering the process of issuance, filing, subscription, payment and delivery for corporate bonds.

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    Fintech / Regtech

    MAS Launches New SME Support Project with Rwanda Central Bank

    By Sanday Chongo Kabange | 30/06/2023

    The project aims to solve data unavailability challenges that prevent SMEs from accessing financing from banks.

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    Enforcement

    UK: Financial Services and Markets Act Receives Royal Assent

    By Editors | 29/06/2023

    The Act sets a path to reform Solvency II, gives the FCA regulatory powers over crypto, and provides stronger protections for victims of APP fraud.

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    Securities / Derivatives

    HKEX Says New IPO Settlement Platform Will Launch in October

    By Manesh Samtani | 28/06/2023

    HKEX has completed external user testing for the launch of FINI, which will shorten IPO settlement times from five to two days.

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