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Structural Regulation
Taiwan to Tighten Rules on Investments from Mainland China
By Editors | 19/08/2020
A draft amendment will expand the definition used to determine whether a Taiwanese firm is considered Chinese-owned or under the control of a Mainland company.
Cloud & Infrastructure
CSRC Drafts Rules on Third-party Platforms Use by Securities Firms
By Lucy Zhang | 19/08/2020
The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.
Payments & Settlements
RBI Issues Draft Framework on Recognition of Payments SROs
By Editors | 18/08/2020
Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.
Payments & Settlements
RBI Allows Formation of New Umbrella Entities for Retail Payments
By Editors | 18/08/2020
The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.
PEPs & Sanctions
UN Security Council Rejects Extension of Iran Arms Embargo
By Editors | 18/08/2020
The UN Security Council has rejected a US resolution to extend an international arms embargo on Iran due to expire on 18 October.
Trading & Investment
Hang Seng Index to Include Alibaba, Xiaomi from 7 September
By Editors | 16/08/2020
The changes reflect a May decision to allow weighted voting rights and secondary-listed companies from the Mainland to be included as HSI and HSCEI constituents.
Structural Regulation
SEBI Issues Rules on Administrative Assistance to Trustees
By Duruthu E Chandrasekera | 16/08/2020
Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.
Sustainable Finance
BOT, UK Government Agree to Cooperate in Financial Services
By Editors | 16/08/2020
The MoU will see increased cooperation in areas such as accounting standards, governance and transparency, fintech development, and sustainable finance.
Resolution & Recovery
FSB Publishes Information Gathering Template on FMI Access
By Editors | 16/08/2020
The template will streamline the process of gathering information about access to clearing, payment, settlement, custody and other FMI services in cases where firms need to be resolved.
CBDCs
Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar
By Sanday Chongo Kabange | 16/08/2020
Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.
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