All posts tagged "Consent"
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1.1KAML / KYCTaiwan FSC Issues New Data Sharing Guidelines for FIs
Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.
January 3, 2022 -
525Securities & TradingMAS Proposes Amendments to the Business Trusts Act
Business trusts will have to obtain and maintain information on beneficial ownership and disclose their CEOs' interests in transactions.
November 25, 2021 -
511Fintech / RegtechRBI Panel Suggests Increasing Regulation for Digital Lenders
The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.
November 23, 2021 -
308Asia-PacificSri Lanka Cabinet Approves Data Protection Bill
Data controllers must ensure the security and confidentiality of personal data. The rights of data subjects will be enhanced. Cross-border transfers are allowed.
October 15, 2021 -
223ChinaPBOC Finalises Rules for Credit Reporting Businesses
The rules say the collection of credit information should “not be excessive" and subject to consent and information security requirements. Cross-border use is allowed.
October 7, 2021 -
274ChinaAnt Group’s Huabei Starts Reporting Credit Data to PBOC Database
The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
September 24, 2021 -
359Fintech / Regtech
RBI Account Aggregator Framework Brings Open Banking to India
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021 -
330AML / KYCSFC Finalises Investor ID, OTC Securities Reporting Regimes
The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.
August 11, 2021 -
234AML / KYCBSP to Finalise Members of Open Finance Body This Year
The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.
August 10, 2021 -
208Australia & NZASIC to Update Guidance on Anti-hawking Regime
The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.
July 23, 2021
