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Structural Regulation
Taiwan Tightens Listed Company Rules on Related Party Transactions
By Darien Choong | 13/11/2021
Listed companies will need to seek approval from their shareholders for related party transactions worth more than 10% of company assets.
Payments & Settlements
Sri Lanka Rolls Out National QR Payments Solution
By Ranamita Chakraborty | 13/11/2021
LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
Payments & Settlements
Singapore, UAE Conclude Digital Trade Financing Pilot
By Editors | 12/11/2021
The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.
Conduct, Culture & Accountability
SFC Bans Two Ex-Licensees Over Use of Client Accounts
By Editors | 12/11/2021
One former representative effected discretionary trades in clients’ accounts without authorisation. The other traded his own stocks from a client’s accounts.
Conduct, Culture & Accountability
MAS Raises Corporate Governance Expectations for FIs
By Sanday Chongo Kabange | 12/11/2021
New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.
Payments & Settlements
Malaysia Joins PoC Project to Test Cross-border Payment Links
By Editors | 11/11/2021
BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.
Anti-Money Laundering
Indonesia, UAE to Cooperate on Payments, Fintech, AML
By Editors | 11/11/2021
Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.
KYC & CDD
Wolfsberg Group Endorses ISO 20022 Screening Guidelines
By Sanday Chongo Kabange | 11/11/2021
Wolfsberg Group says the adoption of ISO 20022 enables improved adherence to the group’s own ‘Payments Transparency Principles’.
Payments & Settlements
Bank Indonesia Set to Launch Faster Payment System
By Sanday Chongo Kabange | 11/11/2021
‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.
Trading & Investment
More than 400 VCCs Established in Singapore to Date: MAS
By Editors | 11/11/2021
As of mid-October, about 300 asset managers have incorporated or re-domiciled more than 400 VCCs in Singapore.
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