Structural Regulation

Payments & Settlements

Japan, ASEAN Plan Joint QR Code Payment Services

By Nithya Subramanian | 15/03/2024

A standardised QR code payment system will be developed to connect service providers in different countries, facilitating cashless payments across borders.

Structural Regulation

RBNZ Publishes “Proportionality Framework” for New DTA Regime

By Sanday Chongo Kabange | 15/03/2024

The Proportionality Framework sets out how the RBNZ will categorise deposit takers for the purposes of developing standards.

Cryptocurrency

Australian Court Rules Against ASIC in ‘Finder Earn’ Crypto Case

By Editors | 15/03/2024

The court ruled against ASIC’s contention that the crypto investment product known as ‘Finder Earn’ was a debenture and therefore required authorisation.

Structural Regulation

New Regulatory Framework for Index Providers Takes Effect in India

By Ajoy K Das | 14/03/2024

Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.

Structural Regulation

SEBI to Require More Stock Brokers to Meet Enhanced Obligations

By Ajoy K Das | 14/03/2024

SEBI is expanding the ‘Qualified Stock Brokers’ framework introduced last year to capture more brokers under “enhanced obligations”.

KYC & CDD

Singapore: First Batch of Changes to Business Trusts Act Take Effect

By Manesh Samtani | 14/03/2024

Phase 1 implementation introduces requirements for CEOs of business trusts to disclose their interests in transactions, among other provisions.

Structural Regulation

Bangladesh Bank Sets Rules for Independent Directors of NBFIs

By Ajoy K Das | 13/03/2024

The central bank has set a maximum monthly salary limit and laid down minimum qualifications in terms of age, education, and professional experience.

Structural Regulation

KRX to Implement New Bond Listing Process from 1 April

By Editors | 13/03/2024

The changes are required to ensure any issues encountered in the issuance process are fully resolved before listing on the market.

Structural Regulation

ASIC Revises Derivative Reporting Rules to Adopt November Proposals

By Editors | 13/03/2024

Other changes proposed in February 2024 have not yet been adopted. The new reporting requirements for OTC derivatives are due to come into effect on 21 October.