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Cloud & Infrastructure
SFC Set to Launch Digital Licensing Platform on WINGS
By Editors | 15/12/2021
New electronic licensing forms for licence applications, annual returns, notifications and regulatory filings are to be submitted through WINGS from 3 January.
Structural Regulation
Indonesia OJK Introduces Dual Class Shares for Tech IPOs
By Sanday Chongo Kabange | 15/12/2021
The move is aimed at incentivising domestic tech firms to list on the IDX to deepen the capital market and make it more attractive to investors.
Conduct, Culture & Accountability
ASIC Consults on How it Communicates Audit Review Findings
By Mark Johnston | 15/12/2021
ASIC proposes to start communicating with company directors more routinely regarding findings from its audit inspections.
Clearing & Post-Trade
ASX Introduces Electronic Delivery of CHESS Statements
By Sanday Chongo Kabange | 15/12/2021
The electronic delivery of CHESS statements provides a faster, more efficient service for investors, says ASX group executive Tim Hogben.
Structural Regulation
SAFE Revises Reporting Requirements for Banks’ Overseas Activity
By Editors | 15/12/2021
Banks will have to report new items related to the London Stock Connect and Wealth Connect, as well as additional details on their overseas subsidiaries.
Payments & Settlements
CPMI Reviews Developments in Retail Fast Payment Systems
By Editors | 14/12/2021
The implementation of retail FPS across the globe has risen from under a dozen jurisdictions in 2010 to around 60 in 2021.
Anti-Money Laundering
IMF, WB Propose Framework for Assessing Remittance Corridor Risk
By Sanday Chongo Kabange | 14/12/2021
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
Payments & Settlements
SWIFT Message Translation to Facilitate ISO 20022 Migration
By Editors | 14/12/2021
New service translates ISO 20022 messages to MT for banks that are not ready to process ISO 20022, which goes live in November 2022.
Conduct, Culture & Accountability
SAFE Issues Conduct Guidelines for Foreign Exchange Market
By Darien Choong | 14/12/2021
The guidelines require market participants to process customer transactions in a “fair, transparent and honest” manner and guard against conflicts of interest.
Resolution & Recovery
FSB Takes Stock of Approaches to Operationalising Bail-in
By Editors | 14/12/2021
In a new paper, the FSB provides an overview of practices, operational processes and arrangements as part of the bail-in process.
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