All posts tagged "fit and proper"
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248IndiaRBI Issues Guidance for NBFCs on Senior Manager Remuneration
NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.
May 8, 2022 -
500AML / KYCSingapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services
MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022 -
402MalaysiaBNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
866AML / KYCSingapore Tightens Laws on Technology Risk, Crypto Assets
FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022 -
401EnforcementSFC Bans BNP Representative for Unauthorised Discretionary Trading
The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.
March 30, 2022 -
431FeatureHKMA Issues Additional Guidance for SVF Licensees
New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
March 28, 2022 -
667Australia & NZAustralia Opens Consultation on Regulatory Regime for Crypto
The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.
March 22, 2022 -
409Australia & NZASIC Consults on When to Convene FSCP Sitting Panels
ASIC proposes that it will generally convene an FSCP sitting panel when misconduct is widespread or part of a growing trend, or where doing so can have deterrence benefits.
March 4, 2022 -
569FeatureSFC Confirms Plans to Regulate Fund Trustees, Custodians
A new regulated activity (RA 13) will be introduced which will subject trustees and custodians of public funds to licensing requirements and ongoing regulatory supervision.
February 23, 2022 -
9.3KAML / KYCMAS Tables Bill to Obtain Enhanced Regulatory Powers
The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.
February 16, 2022
