One of the areas the FSC is scrutinising is the use of online influencers by fund houses to promote their products.
Cathay Life Insurance has already announced it will establish an SPV in Singapore to issue bonds, which would make it the first to take advantage of the revision.
The TWSE and TCX signed MoUs with the Eswatini Stock Exchange to enhance cooperation including in carbon credit business.
The bill aims to create comprehensive regulations for the crypto industry, improve investor protections, and address risks to the traditional financial system.
The FSC will draw from the set of good practices published by IOSCO in May 2023 to improve its regulatory system for ETFs.
FSC official said judicial and police authorities can already take action against BNPL operators that engage in illegal activities such as usury or illegal debt collection.
Insurers will have until 1 January 2025 to establish internal control systems for the management and disclosure of sustainable information.
TAIFEX has relied on temporary no-action relief since September 2022. 'Exempt DCO' status gives it a lasting right to clear OTC derivatives for US participants.
A Belarusian-owned company in Shenzhen has reportedly been acquiring tank parts from Japanese and Taiwanese manufacturers for use by Russia.
The FSC introduced seven new and refined six existing measures to prevent conflicts of interest involving managers of investment trusts.
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