The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.
April 1, 2023Over the past three years, more than 7,600 shareholders who violated laws and regulations have either been liquidated or had their rights restricted.
March 31, 2023A new national financial regulatory authority will be established, absorbing the CBIRC and taking over some functions from the PBOC and CSRC.
March 8, 2023Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.
January 8, 2023The law will create a financial stability guarantee fund, set out clear risk prevention and disposal responsibilities for financial institutions, and introduce a resolution regime for SIFIs.
January 6, 2023Banks and insurers must incorporate consumer protection mechanisms into their corporate governance, culture-building exercises, and business development strategies.
January 5, 2023This is the fourth fraud risk warning issued by the CBIRC this year. Consumers are asked to remain vigilant and report fraud attempts.
June 20, 2022The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.
March 9, 2022The UKSDEA promotes free flows of data between the UK and Singapore including in financial services. Both countries will work towards recognising each other's digital identity systems.
March 2, 2022