Structural Regulation

Structural Regulation

SFC Issues Guidance on Offering Hong Kong Funds in UAE

By Mark Johnston | 11/04/2024

The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Payments & Settlements

Chinese Authorities Issue New Directions to Enhance Payment Services

By Editors | 11/04/2024

The new measures require certain hotels and tourist attractions to accept domestic and overseas bank cards and cash, and offer foreign exchange services.

Structural Regulation

US Treasury Proposes Rules for New Stock Buyback Excise Tax

By Editors | 10/04/2024

Corporations that undertake stock buybacks will have to pay a 1% excise tax on the fair market value of net repurchased shares during a tax year.

Structural Regulation

UBS Considers Stake Swap to Exit Credit Suisse China Venture

By Editors | 10/04/2024

UBS took control of the Credit Suisse venture last year and then put it up for sale due to restrictions on it holding majority stakes in two domestic brokerages simultaneously.

Market Data & Technology

EU Firms “Prepared” to Meet UPI Reporting Requirments: DSB

By Editors | 10/04/2024

The DSB said its user onboarding data reveals a steady increase in EU headquartered firms joining the UPI service.

Payments & Settlements

China: SAFE Further Optimises Processes for FX Business

By Editors | 09/04/2024

The requirement for local branches of SAFE to approve registrations of foreign trade enterprises has been canceled. Banks will directly handle registrations instead.

Trading & Investment

Japan Launches New Organisation to Boost Financial Literacy

By Editors | 09/04/2024

The new organisation will aim to enrich financial and economic education and contribute to improving financial literacy in Japan.

Resolution & Recovery

FINMA Attempts to Withhold Documents in Credit Suisse-related Lawsuits

By Editors | 09/04/2024

The lawsuits relate to losses suffered by investors as a result of a decision by Swiss authorities to wipe out Credit Suisse AT1 bonds in the bank’s rescue last year.

Data Privacy

China Unveils New Measures to Deepen MSME Credit Access

By Editors | 08/04/2024

Platforms in China that aggregate credit data will be integrated into a national network, where a centralised hub will be used to collect and share credit information with FIs.