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Payments & Settlements
RBI Mandates LEI Use for Large Payments via RTGS, NEFT
By Manesh Samtani | 06/01/2021
From 1 April 2021, all non-individual bank customers initiating or receiving transactions over 500m rupees via the RTGS or NEFT systems will need an LEI.
Structural Regulation
PBOC Confiscates $3m in Illegal Gains from Credit Bureau
By Editors | 06/01/2021
The credit bureau engaged in personal credit business without approval and failed to report senior management changes in a timely manner.
Structural Regulation
India: IFSCA Becomes IOSCO Associate Member
By Editors | 06/01/2021
The IFSCA was established in April 2020 as a unified authority to regulate all financial services in Gift City, India’s international financial services centre.
PEPs & Sanctions
FTSE Russell to Remove More Chinese Companies from Indexes
By Editors | 06/01/2021
The three companies being removed are China United Network Communications, Semiconductor Manufacturing International Corporation and Nanjing Panda Electronics.
Payments & Settlements
China Relaxes Restrictions on Cross-Border RMB Business
By Editors | 05/01/2021
Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.
Fraud, Scams & Cybercrime
Shanghai, Shenzhen Bourses Implement Revised Delisting Rules
By Editors | 05/01/2021
The exchange amended the rules in response to complaints that the delisting thresholds were too high to be effective in deterring fraud.
Structural Regulation
Vietnam to Establish New Entity to Manage HNX, HoSE
By Editors | 05/01/2021
The new Vietnam Stock Exchange will rate as a limited liability company to manage the Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange.
Trading & Investment
BOT to Issue THOR Linked Floating Rate Notes in March
By Editors | 05/01/2021
The move is aimed at promoting the use of THOR as a new reference rate in derivatives and cash products, the central bank said.
Structural Regulation
HKEX Announces Appointment of Interim Chief Executive
By Editors | 05/01/2021
Outgoing chief Charles Li retired from his role on 31 December 2020, a decision announced in September.
PEPs & Sanctions
UPDATED – NYSE Commences, Then Halts Delisting of Chinese Companies
By Editors | 05/01/2021
NYSE will no longer delist the ADRs of China Telecom, China Mobile and China Unicom “in light of further consultation with relevant regulatory authorities”.
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