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Clearing & Post-Trade
Implementing the Final Phase of MAS’ OTC Derivatives Reporting Regime
By Priya Kundamal | 06/09/2021
Firms coming into scope on 1 October need to quickly complete onboarding and test their reporting to DTCC’s Singapore trade repository.
Structural Regulation
StanChart, NTUC Enterprise to Form Singapore Digital Bank
By Editors | 06/09/2021
A Standard Chartered subsidiary will hold 60 percent of the digital banking venture under a licence obtained from MAS in December.
Trading & Investment
SEBI Directs Fund Managers to Disclose Risk in All Promo Materials
By Editors | 06/09/2021
SEBI has clarified that asset managers should disclose scheme “risk-o-meters” in all disclosures including promotional material from 1 October.
Structural Regulation
FSC Korea to Raise Penalty for Violations of Five Percent Rule
By Editors | 05/09/2021
The maximum fine is being raised from 1/100,000 of market cap to 1/10,000 of market cap, among other changes to the corporate disclosure rules.
Clearing & Post-Trade
SGX Finalises Changes to Default Management Process
By Editors | 05/09/2021
The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.
Cryptocurrency
MAS Orders Halt to Singapore Services From Binance.com
By Editors | 05/09/2021
Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.
Conduct, Culture & Accountability
BNM to Raise Standards for Bank Sales of Insurance, Takaful Products
By Editors | 05/09/2021
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
Clearing & Post-Trade
Shanghai INE to Accept Govt Bonds as Margin Collateral
By Editors | 05/09/2021
Government bonds issued by the Ministry of Finance can be used as margin collateral provided they have a face value of at least CNY 1 million.
Structural Regulation
SEBI Issues Guidelines on Accredited Investors Framework
By Editors | 05/09/2021
New circular covers eligibility criteria, validation for accreditation, the procedure to avail benefits linked to accreditation, and flexibility for investors to withdraw consent.
Tokenisation
Task Force Formed to Align Digital Token Identifier With ITSA Standard
By Editors | 04/09/2021
The task force was formed to examine synergies between Digital Token Identifiers and the technical identifiers issued by ITSA.
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