All posts tagged "custodian"
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1.0KAML / KYCThe EU’s MiCA Races to Create a Regulatory Superhighway
Ari Redbord outlines what crypto-asset service providers need to understand as discussions continue on an EU-wide regulatory framework for crypto.
May 12, 2022 -
674EnforcementKorean Broker and Bank Penalised Over Optimus Mis-selling
NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
March 4, 2022 -
474PhilippinesPhilippine SEC Proposes Draft Rules For Umbrella Funds
Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.
February 22, 2022 -
775AML / KYCThai SEC Calls on Crypto Businesses to Improve Cybersecurity
The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.
February 9, 2022 -
306ChinaPBOC, SAFE Issues New Rules for Panda Bond Issuance
The rules do not impose restrictions on funds retained in China or transferred overseas, though they encourage the domestic use of RMB funds raised.
December 17, 2021 -
326Australia & NZAustralia Issues Consultation to Finalise CCIV Regime
The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
September 1, 2021 -
212ChinaCSRC Grants Citigroup Approval to Launch Custody Business
The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.
August 2, 2021 -
215Australia & NZAustralia: BT, Asgard Fined for Charging Fees for No Service
Westpac will pay A$3mn in civil penalties for BT Funds Management and Asgard Capital Management in proceedings commenced by ASIC in August 2020.
July 30, 2021 -
370AML / KYCHong Kong: GDF Warns Against Restricting Retail Investment in Crypto
The November FSTB proposal to only allow VASPs to offer services to professional investors could prompt retail investors to move to unlicensed platforms, GDF says.
February 16, 2021 -
434AML / KYC
Thailand to Introduce Rules for Digital Asset Wallet Providers
The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.
February 3, 2021
