MARKET INFRASTRUCTURE

AML / KYC

NZ Regulators Endorse New AML/CFT Supervisory Approach

By Sanday Chongo Kabange | 22/05/2024

The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

Market Infrastructure

HKEX Implements Enhancements to Swap Connect

By Editors | 21/05/2024

The enhancements include a compression service to help firms reduce their capital costs and increase transaction settlement efficiency.

Fintech / Regtech

Implementing Singapore’s New OTC Derivatives Reporting Regime

By Manesh Samtani | 20/05/2024

Broadridge’s Carl Hovland and David Farmery talk to Regulation Asia about the measures firms should consider as they implement new OTC derivatives reporting requirements in Singapore.

Market Infrastructure

Australia Advances Work to Improve Competition in Clearing, Settlement

By Editors | 17/05/2024

A new legislative instrument will empower ASIC to make rules to improve competition in clearing and settlement services.

Market Infrastructure

Sri Lanka to Shorten Equities Settlement Cycle from 10 June

By Editors | 16/05/2024

The CSE said it has amended the clearing house rules to facilitate the shortening of the settlement cycle from T+3 to T+2.

Market Infrastructure

China Issues Data Security Rules for Accounting Firms

By Editors | 14/05/2024

The rules require audit working papers to be stored within China. Encryption devices and encryption keys must also be in China.

Enforcement

Singapore: Next Phase of FSMA Implementation Has Commenced

By Editors | 14/05/2024

MAS can now impose fines up to S$1mn for non-compliance with technology risk management requirements.

Fintech / Regtech

Mastercard Commences Bank Card Clearing Business in China

By Editors | 14/05/2024

Mastercard is the second overseas bank card clearing institution to start operating in China, after Amex in 2020.

Securities / Derivatives

MAS Finalises Rules for New OTC Derivatives Reporting Regime

By Manesh Samtani | 14/05/2024

The final regulations come into operation on 21 October 2024, introducing the UPI, UTI, CDE and ISO 20022 in reporting.