All posts tagged "Intermediaries"
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545ChinaChina to Improve Mechanisms for Handling Bond Defaults
Proposals include mechanisms for early detection and investigation of bond disputes, higher penalties for repayment failures, and lower costs for investors exercising litigation rights.
December 28, 2019 -
297AML / KYCSEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC
Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.
November 8, 2019 -
908FeatureSFC Strengthens Protections for Client Assets Held by AIs
Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.
July 9, 2019 -
793AML / KYC
SFC Enables Technology Approach for Overseas Client Onboarding
From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.
July 1, 2019 -
348AML / KYCFATF Consults on Securities Sector AML/CFT Guidance
Guidance aimed at assisting to countries, competent authorities, providers of securities products and services, and intermediaries in risk-based design and implementation of applicable AML/CFT measures.
July 11, 2018 -
390ChinaCrackdown on Illegal Financing to Continue – PBOC
China’s central bank issued a warning on all illegal fundraising, including through financing intermediaries, online finance platforms, real estate, agriculture, ICOs.
April 26, 2018 -
691EnforcementHK SFC Releases 1st MiC Regime Guidance Bulletin
Report warns on conflicts of interest in sales practices and asset management; notes asset management sector now has more than half of all intermediaries.
December 20, 2017 -
Enforcement
HK Regulators Warn on Conflicts of Interest in Product Sales
HKMA, SFC say some intermediaries aren’t revealing related counterparties, not executing at best price, hide cheaper products.
November 27, 2017 -
Intermediary Opportunities in Asian OTC Derivatives
OTC Derivatives Summit 2016 panellists discuss the operational challenges of clearing services and infrastructure in Asia.
March 18, 2016
