Structural Regulation

Payments & Settlements

Australia Consults on Aligning Timing of Super Payments With Wages

By Editors | 10/10/2023

Employers tend to make super payments quarterly, even though employees are typically paid in fortnightly or monthly pay cycles.

Structural Regulation

SEBI Forms 16 Working Groups to Focus on Rule Simplification

By Editors | 09/10/2023

SEBI is additionally inviting suggestions from the public and regulated entities on ways to simplify, ease and reduce cost of compliance.

Fraud, Scams & Cybercrime

NZ FMA Has Recommendations on Protecting Client Assets

By Manesh Samtani | 09/10/2023

The FMA has proposed a review of the regulatory settings for custodians in New Zealand, including a possible licensing regime.

Trading & Investment

Taiwan: 11 Fund Managers Selected to Receive Policy Concessions

By Editors | 09/10/2023

Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.

Structural Regulation

OECD Unveils New Tool Supporting Global Tax Reform

By ESG Investor | 09/10/2023

Adoption of the new multilateral instrument marks further progress towards the implementation of the Pillar Two minimum tax.

Structural Regulation

Citi Announces Deal to Sell China Consumer Business to HSBC

By Editors | 09/10/2023

Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.

Structural Regulation

HK Wealth Firms See Regulatory Environment Improving

By Manesh Samtani | 09/10/2023

More than 80% of PWMA member firms surveyed expect the new framework for sophisticated professional investors to bring a positive impact.

Payments & Settlements

India, UAE Sign Agreement to Interlink Payment Systems

By Editors | 09/10/2023

India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.

Structural Regulation

Australia to Amend Superannuation Tax Concession Policy

By Sanday Chongo Kabange | 06/10/2023

The government is proposing “slightly less generous” tax concessions for individuals with a total superannuation balances above A$3mn.