Under the SEC's proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.
The regular reports will guide the degree of the central bank's supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.
The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.
Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.
BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.
The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.
IHS Markit's Julian Chesser and Sage Patel discuss trade reporting and regulatory challenges the industry is expected to face in the year ahead.
New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
Loading more posts...
Sorry, no more posts
No more pages to load