Category I FPIs that are university funds or university-related endowments would be exempt from enhanced disclosure requirements.
The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.
The enhanced measures are meant to improve the effectiveness of market supervision and strengthen investor confidence in the SET.
Chainalysis said that entities in heavily sanctioned jurisdictions lack access to traditional financial systems and are attempting to use crypto to evade sanctions.
The framework extends the timeline for completing sandbox testing from 7 to 9 months. Crypto-related services are not eligible.
The guide describes the SFC's process for taking disciplinary action, what such action can entail, and who can be subject to such action.
Investors will be able to invest in treasury bonds, local government bonds and policy financial bonds via over-the-counter channels from 1 May.
The amendment will introduce some exceptions for selling overseas listed securities through foreign securities firms.
The BCBS also said it has approved revisions to the Core Principles for Effective Banking Supervision, which will be published in April.
The enhanced framework makes it easier for early-stage fintechs to meet the eligibility requirements and introduces an accelerated pathway for regulated firms.
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