All posts tagged "distributors"
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712AML / KYCHKMA Fines Prepaid Card Issuer 33FS for AML/CTF Deficiencies
The case involved control deficiencies in respect of 33 Financial Services Limited's transaction monitoring and name screening systems, the HKMA said.
January 17, 2022 -
562Hong KongHKEX Issues Update on FINI Operational Arrangements
HKEX provides key operational arrangement updates for FINI in a new information pack, including the onboarding requirements for market participants.
December 1, 2021 -
214IndiaSEBI to Stop Use of Pool Accounts for Mutual Fund Transactions
From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.
October 11, 2021 -
228Australia & NZNZ FMA Finds “Poor Value” in Credit Card Repayment Insurance
Underwriters and distributors are directed to ensure their systems, processes and controls facilitate good customer outcomes.
September 24, 2021 -
184Australia & NZAustralia to Further Amend Design & Distribution Obligations Law
The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
August 16, 2021 -
279Australia & NZTargeted Product Intervention to Lead to ‘Less Regulation’: ASIC
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
February 23, 2021 -
1.8KIndiaBSE India Launches New Investment Platform for Fund Managers
Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.
November 18, 2020 -
969Feature
HKEX Proposes Revamp of Hong Kong IPO Settlement Process
Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.
November 17, 2020 -
808MalaysiaMalaysia SC Issues New Capital Market Advertising Guidelines
Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.
May 4, 2020 -
723KoreaKorea: Banks, Brokers Propose ‘Bad Bank’ to Recover Lime Asset Losses
19 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020
