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CBDCs
GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs
By Editors | 23/02/2022
A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.
Structural Regulation
SFC Confirms Plans to Regulate Fund Trustees, Custodians
By Manesh Samtani | 23/02/2022
A new regulated activity (RA 13) will be introduced which will subject trustees and custodians of public funds to licensing requirements and ongoing regulatory supervision.
Fraud, Scams & Cybercrime
Australian Court Orders Super Trustee to Pay A$20m
By Editors | 22/02/2022
Aware Financial Services Australia charged over 25,000 customers over AUD 50 million in fees for financial services it did not provide.
Trading & Investment
Hang Seng Indexes Company Proposes to Create New China Index
By Editors | 22/02/2022
The proposed index would be comprised of HSCEI constituents as well as some A-shares, according to the consultation paper.
Conduct, Culture & Accountability
CSRC Relaxes Rules for Appointing Securities and Fund Personnel
By Darien Choong | 22/02/2022
Passing a proficiency test is no longer a prerequisite qualification for personnel with certain work experience, and educational requirements have been scrapped.
Payments & Settlements
Nepal to Become First Country to Deploy India’s UPI
By Editors | 21/02/2022
Nepal’s UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.
Structural Regulation
RBI to Consolidate Reg Reporting Requirements in Single View
By Editors | 21/02/2022
The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.
Structural Regulation
Philippine SEC Proposes Draft Rules For Umbrella Funds
By Sanday Chongo Kabange | 21/02/2022
Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.
Market Data & Technology
APRA Proposes to ‘Sharply’ Increase Superannuation Transparency
By Sanday Chongo Kabange | 21/02/2022
APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.
Payments & Settlements
Bank Indonesia Deepens Ties with BOK Under New MoU
By Editors | 20/02/2022
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
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