The enhanced PDPA introduces mandatory data breach notification, criminal penalties for mishandling data, and a higher cap on penalties for breaches by large organisations.
Banks will have to report expanded information about the credit history of their customers to credit agencies, paving the way for more competition in the lending market.
The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.
Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
ASIC says the law requires climate risk to be included in OFR disclosures, particularly when it is a material risk that could affect financial performance.
The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.
Some financial leasing, enterprise group finance, auto finance, and consumer finance companies have been unwilling or unable to enhance governance and internal controls.
The FSC's 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.
The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.
The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.
Loading more posts...
Sorry, no more posts
No more pages to load