All posts tagged "fit and proper"
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307SingaporeEmployee Credit Checks by FIs Are Appropriate: MAS
It is entirely appropriate for FIs to assure themselves that their employees and representatives are in good financial standing, the MAS says.
November 29, 2019 -
289Australia & NZAustralia Consults on Financial Market Infrastructure Regulatory Reforms
The proposed reforms will enhance the licensing and supervisory regime for financial market infrastructures and introduce a resolution regime for clearing and settlement facilities.
November 19, 2019 -
402EnforcementSFC Bans Former Deutsche Securities RO for Life
For ban follows a February 2018 conviction, where the former responsible officer was sentenced to 45 months’ imprisonment and ordered to pay HK$6.4mn to Deutsche Bank AG in restitution.
November 18, 2019 -
1.5KEnforcementSFC Fines SEAVI Advent Ocean Private Equity HK$1mn
The SFC has reprimanded and fined SEAVI Advent Ocean Private Equity for allowing unlicensed individuals to perform regulated functions, in breach of the Code of Conduct.
October 7, 2019 -
424IndiaRBI Proposes to Directly Regulate Payment Gateways, Aggregators
The paper proposes that payment gateways and payment aggregators be required to have a minimum net-worth of 1 billion rupees, among other requirements.
September 19, 2019 -
506Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
496EnforcementSFC Imposes Lifetime Ban on Former UBS Adviser
More than 10 years ago, the adviser accepted HK$1.4m in bribes from a client, paid at a rate of 20% of portfolio gains.
August 6, 2019 -
257India
RBI Tightens Criteria for Board Appointments at State Banks
The revised criteria for determining the 'fit and proper' status of proposed candidates include age, education, experience, and track record, among other criteria.
August 5, 2019 -
1.4KContributed ArticleMAS Clarifies Regulatory Expectations on IAC Guidelines
Grace Chong at Simmons & Simmons JWS recapitulates the key points from MAS’ feedback to the first consultation on the IAC Guidelines, and charts the course ahead.
July 1, 2019 -
572Australia & NZASIC Imposes Lifetime Ban on Former Westpac Adviser
The former adviser is said to have prioritised his own interests over those of his clients by providing inappropriate advice that maximised fees and commissions.
June 27, 2019
