All posts tagged "consumer protection"
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125Australia & NZASIC Issues Guidance on Ongoing Fee Arrangements
A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.
June 17, 2021 -
206KoreaFSC Korea Issues Guidance on Investment Suitability Tests
The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.
June 4, 2021 -
150EnforcementFSC Korea Provides No-Action Relief on Consumer Protection Law
Action will not be taken against violations of regulations introduced or strengthened by the new Financial Consumer Protection Act until 24 September.
May 29, 2021 -
230ChinaCBIRC Issues Warning Against Improper Sales Practices
In a notice, the CBIRC points to regulatory violations by Ping An Bank in its credit card sales practices which violated the rights and interests of consumers.
May 17, 2021 -
193Feature
New Investor Protection Regulations Take Effect in Korea
South Korean financial institutions are required to record the sales process and implement a cooling-off period for complex investment products.
May 13, 2021 -
165Capital RegulationS. Korea to Curb Household Debt Through DSR Rule Changes
Regulators will apply the debt service ratio at the individual borrower level rather than at the financial institution level.
May 11, 2021 -
179Big PictureElectronic Transactions Association Offers CBDC Guidelines
The trade association says governments should carefully consider 7 guiding principles when considering the introduction of a CBDC.
May 7, 2021 -
258Fintech / RegtechDigital Dollar Project Prepares to Launch CBDC Pilot Tests
The DDP will launch five pilot programs over the next 12 months to measure the value of and inform the future design of a US CBDC.
May 5, 2021 -
424ChinaChina Regulators Order Tech Firms to Rectify Violations
Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
May 2, 2021 -
220Australia & NZFSC Australia Proposes Removal of Financial Advice Red Tape
There are significant opportunities to reduce the cost and complexity of providing financial advice, the FSC says in new paper.
April 22, 2021
