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Data Privacy
Taiwan to Tighten Rules on Chinese Investment – Report
By Editors | 02/07/2020
New rules will empower Taiwan’s government to investigate whether funds from Hong Kong or other countries are actually from Chinese investors.
Data Privacy
Australia Launches Open Banking Data Sharing Regime
By Editors | 01/07/2020
The big four banks have opened up their deposit, transaction account, credit and debit card data for customers to share with other major banks or accredited fintech providers.
Conduct, Culture & Accountability
The New Normal: Conduct Risk & Personal Accountability
By Stephen Scott | 01/07/2020
Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.
KYC & CDD
BNM e-KYC Policy for Customer Onboarding Takes Effect
By Editors | 30/06/2020
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
Data Privacy
India Bans Chinese Apps, Citing Data Privacy Issues
By Editors | 30/06/2020
India has banned 59 of China’s biggest mobile phone apps including TikTok and WeChat, saying they breach data privacy requirements and threaten the country’s security.
PEPs & Sanctions
National Security Legislation Promulgates in Hong Kong
By Editors | 30/06/2020
A legislative notice has been posted in the Hong Kong gazette, saying the national law applies in the city as part of the Basic Law from 11pm on 30 June 2020.
Trading & Investment
Taiwan FSC to Introduce Measures to Catalyse IPO Market
By Editors | 30/06/2020
The Covid-19 pandemic has affected companies’ financial performance in the first half of the year, making them ineligible to list on the stock market.
Trading & Investment
SEBI Allows Exchanges to Penalise Excessive Algo Orders
By Editors | 29/06/2020
On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.
Supervision & Enforcement
RBNZ Secures Funding to Boost Supervisory, Enforcement Capability
By Editors | 28/06/2020
The RBNZ will direct the additional funding towards its supervisory and enforcement capability, technology infrastructure and security architecture.
Structural Regulation
Covid-19 Delays Launch of Taiwan Digital Banks: FSC
By Editors | 28/06/2020
Despite the delays, operations are still likely to commence by year-end at the three new digital banks – Line Bank, Next Bank, and Rakuten Bank.
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