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Market Abuse
Philippine Regulator Seeks to Bypass Bank Secrecy Law
By Editors | 01/09/2015
The Securities and Exchange Commission of the Philippines is seeking leeway from Congress to scrutinise bank records so as to respond promptly when there are cases of securities violation.
Capital Adequacy
China Looks to Develop Pension Insurance Sector
By Editors | 01/09/2015
The China Insurance Regulatory Commission has rolled out new regulations on pension fund management in a bid to encourage the insurance industry’s participation in developing China’s pension system.
Trading & Investment
China Tightens Rules on Stock Index Futures
By Editors | 01/09/2015
The China Securities Regulatory Commission has increased margin requirements on stock index futures contracts and narrowed the number of contracts that traders can open in a bid to curb speculation.
KYC & CDD
China Probes Major Brokerages for Client Rules Violations
By Editors | 28/08/2015
The China Securities Regulatory Commission has launched an investigation into some of China’s largest brokerages for suspected rule violations.
Anti-Money Laundering
India Brings in FATCA, Scraps MAT
By Samuel Riding | 27/08/2015
Domestic tax rules changed to account for US legislation; minimum alternate tax exemption backdated to 2001.
KYC & CDD
Nepal Investment Bank joins SWIFT’s KYC Registry
By Editors | 27/08/2015
Pioneering bank in Nepal to join The KYC Registry allowing the proactive sharing of information with correspondent banks.
Anti-Money Laundering
China Cracks Down on Illegal Overseas Funds Transfers
By Editors | 27/08/2015
Chinese police have launched a nationwide campaign against underground banks to curb money laundering and illegal funds transfers that occur outside approved banking channels.
Market Abuse
MAS Seeks to Strengthen Enforcement Regime
By Editors | 26/08/2015
The Monetary Authority of Singapore has proposed new rules aimed at strengthening the effectiveness of its enforcement regime in deterring market misconduct.
Payments & Settlements
PBOC Should Rein in Online Payment Providers
By Editors | 23/08/2015
China government researchers are advising the central bank to rein in the growth of third-party payment providers by increasing entry thresholds and encouraging existing firms to merge.
PEPs & Sanctions
State Bank of Pakistan to Clarify Rules for Politically Exposed Persons
By Editors | 20/08/2015
Government officials have ordered the State Bank of Pakistan to stop commercial banks from misusing the term ‘politically exposed persons’ (PEPs) to deny financial services to citizens.
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