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Data Privacy
FSB Explores Impact of Data Regulation on Cross-border Payments
By Editors | 14/12/2021
The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.
Cryptocurrency
Australia Unveils Plans to Reform, Modernise Payments System
By Sanday Chongo Kabange | 14/12/2021
The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.
Structural Regulation
RBI to Require LEI Use in Large Cross-border Transactions
By Editors | 14/12/2021
From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.
Structural Regulation
CBIRC to Scrap Foreign Ownership Cap for Insurance AMCs
By Manesh Samtani | 14/12/2021
Foreign investors will be able to increase their stakes in insurance asset management companies to 100 percent and assume control.
Trading & Investment
HKEX Lists First ETFs Tracking MSCI China A 50 Connect Index
By Sanday Chongo Kabange | 14/12/2021
Two ETFs managed by China Asset Management and CSOP Asset Management listed on Monday, while a third will list on today.
Structural Regulation
SFC Sets Out Rules for Quarantine-free Travel to Mainland
By Manesh Samtani | 14/12/2021
Staff or directors of licensed corporations whose main purpose of travel is for the management of the firm’s Mainland business are eligible.
Tokenisation
Bursa Malaysia Concludes Dematerialised Structured Warrants PoC
By Manesh Samtani | 14/12/2021
The PoC demonstrated that smart contracts can help to enable parties to share standardised and automated business processes and enable increased workflow efficiency.
Payments & Settlements
BIS Calls for Interoperability in Global Payment Systems
By Sanday Chongo Kabange | 14/12/2021
Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
PEPs & Sanctions
US Sanctions Force Chinese AI Firm to Postpone HK IPO
By Manesh Samtani | 13/12/2021
The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.
Trading & Investment
SEBI Seeks to Regulate Algo Trading by Retail Investors
By Editors | 13/12/2021
SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.
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