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Structural Regulation
SFC Amendments to REIT Code Have Taken Effect
By Editors | 08/12/2020
The SFC has also adopted a more streamlined approach to compliance with requirements regarding vetting and approval of REIT-issued announcements and circulars.
Payments & Settlements
Singapore, Thailand to Enable Instant Payments Link by Mid 2021
By Manesh Samtani | 08/12/2020
Described as “the first-of-its-kind in the world”, the link will enable instant money transfers between Singapore’s PayNow and Thailand’s PromptPay.
Trading & Investment
Bursa Malaysia Expands Market-making Framework
By Editors | 08/12/2020
The expansion will enhance the attractiveness and competitiveness of the capital market, and entice more investors and market participants, Bursa says.
Conduct, Culture & Accountability
ASIC to Update Regulatory Guide on Consumer Remediation
By Sanday Chongo Kabange | 08/12/2020
There are opportunities for firms to identify issues that can lead to remediations earlier, and to ensure remediation payments are made more quickly and fairly.
Market Data & Technology
DSB Set to Consult on Fee Structure for UPI in January
By Manesh Samtani | 07/12/2020
The UPI will ensure products are reported to trade repositories consistently across FSB jurisdictions. The first consultation will begin on 11 January 2021.
Credit Risk
BSP Deputy Governor Outlines Key Priorities for the Year Ahead
By Manesh Samtani | 07/12/2020
Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.
PEPs & Sanctions
US Designates Four More Companies as Linked to Chinese Military
By Manesh Samtani | 06/12/2020
US investors will be prohibited from buying securities issued by the four companies, which include CNOOC and SMIC, from 1 February 2021.
Structural Regulation
SFC Proposes to Introduce HK Investor ID Regime in 2022
By Editors | 06/12/2020
The proposed investor ID regime is expected to be implemented in Q1 of 2022 at the earliest. A separate reporting regime is proposed for OTC securities transactions.
Structural Regulation
IBA Consults on Intention to Stop Publishing LIBOR
By Editors | 06/12/2020
IBA intends to continue publishing the overnight and 1, 3, 6 and 12 month USD LIBOR settings until 30 June 2023. All other LIBOR settings would cease by 31 December 2021.
CBDCs
HKMA, PBOC Prepare for Cross-border Testing of Digital Yuan
By Manesh Samtani | 06/12/2020
The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.
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