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Structural Regulation
China to Tighten Rules on Online Marketing of Financial Products
By Manesh Samtani | 06/01/2022
The requirements cover the accuracy of information disclosed and cooperative arrangements between FIs and internet platform companies.
Market Abuse
Malaysia SC Charges Serba Dinamik Execs for False Disclosure
By Ranamita Chakraborty | 06/01/2022
Four executives of oil and gas engineering company Serba Dinamik have been charged for submitting a false statement to Bursa Malaysia.
KYC & CDD
CBIRC Directs Banks to Ease Account Opening for Small Businesses
By Darien Choong | 05/01/2022
Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
Structural Regulation
BNM Proposes New Licensing Framework For Digital Insurers
By Sanday Chongo Kabange | 05/01/2022
Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.
Payments & Settlements
RBI Issues New Framework on Offline Digital Payments
By Mark Johnston | 05/01/2022
Offline digital payments are expected to benefit areas with weak internet or telecom connectivity, particularly semi-urban and rural areas.
Structural Regulation
CBIRC Grants Approval for HSBC to Fully Own China Insurance Unit
By Editors | 05/01/2022
HSBC reached an agreement with its joint venture partner to a remaining 50% equity interest in HSBC Life China in May 2020.
Supervision & Enforcement
Singapore Police, MAS Launch Probe into Unlicensed Trading Platform
By Editors | 05/01/2022
Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.
Conduct, Culture & Accountability
BNM Finalises Guidance for Wholesale Financial Market Conduct
By Mark Johnston | 04/01/2022
Market conduct risk assessments should be done at least annually, to serve as a systematic method for assessing susceptibility to misconduct and documenting mitigating actions or controls.
Structural Regulation
SEBI Issues Rules for Vault Managers of Gold Exchanges
By Editors | 04/01/2022
The rules pave the way for new gold exchanges to be established in India, which will enhance the transparency of domestic spot price discovery.
Trading & Investment
China Simplifies Overseas Bond Issuance for Domestic FIs
By Editors | 04/01/2022
More streamlined filing and registration procedures and timely submission of issuance information will improve the efficiency of the use of foreign debt funds, the PBOC said.
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