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PEPs & Sanctions
Biden Executive Order Amends, Clarifies China Blacklist
By Manesh Samtani | 04/06/2021
The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.
Structural Regulation
CBIRC Green-lights Ant Group Consumer Finance Unit
By Manesh Samtani | 04/06/2021
Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.
Conduct, Culture & Accountability
FSC Korea Issues Guidance on Investment Suitability Tests
By Ranamita Chakraborty | 04/06/2021
The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.
Trading & Investment
China’s SAFE Awards $10.3bn Worth of New QDII Quotas
By Editors | 04/06/2021
The new quotas, awarded to 17 institutions, represent the largest approval by SAFE in the history of the QDII scheme.
Trading & Investment
Singapore Seeks to Enhance VCC Fund Structure
By Manesh Samtani | 04/06/2021
The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.
Trading & Investment
SEBI Raises Overseas Investment Limits for Mutual Funds
By Editors | 03/06/2021
The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.
Trading & Investment
Hong Kong Passes Bill to Increase Stamp Duty on Stock Trades
By Manesh Samtani | 03/06/2021
HKEX has asked market participants to prepare their systems in preparation for the 1 August stamp duty increase.
Structural Regulation
LINE to Roll Out Digital Banking Platform in Indonesia
By Ranamita Chakraborty | 03/06/2021
The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.
Structural Regulation
Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework
By Editors | 03/06/2021
The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.
Tokenisation
Bursa Malaysia Concludes Blockchain Bond POC with STACS
By Sanday Chongo Kabange | 03/06/2021
The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.
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