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Enforcement
New Zealand Exempts Personalised Robo-advice from Licensing Regime
By Editors | 19/10/2017
Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.
Market Infrastructure
10,000 Individuals Register Under Hong Kong MIC Regime
By Editors | 19/10/2017
About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.
Capital / Liquidity
ASEAN Integration Framework on Course for Completion by 2020
By Editors | 19/10/2017
Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.
Capital / Liquidity
HK Legco to Consider Recovery Planning, Large Exposures Bill
By Editors | 19/10/2017
Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
Enforcement
India Releases Draft Rules for Electronic Trading Platforms
By Editors | 16/10/2017
Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.
Market Infrastructure
US, Europe Agree Margin Requirement, Trading Venue ‘Comparability’
By Editors | 16/10/2017
Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.
AML / KYC
Australian Banks Want Fintechs to Pay for ‘Open Banking’
By Samuel Riding | 11/10/2017
Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.
AML / KYC
Hong Kong-China to Share Stock Connect Broker, Trader Names
By Editors | 11/10/2017
SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
Fintech / Regtech
Singapore Enters 2nd Phase of Blockchain-based Payments Trial
By Editors | 09/10/2017
Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.
AML / KYC
Thai Banks Join up to Improve Cybersecurity
By Editors | 09/10/2017
Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
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