All posts tagged "licensing"
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1.1KCapital RegulationState Council Approves Rules for Financial Holding Companies
Based on last year's consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.
September 7, 2020 -
432ChinaCSRC Issues New Norms for Public Sale of Investment Funds
The revisions will further improve the conduct for fund sales and strengthen internal controls at fund sales institutions, the CSRC says.
September 6, 2020 -
1.2KFintech / RegtechFSC Taiwan Unveils Three-year Fintech Development Roadmap
The roadmap includes a new fintech examination and licensing system, to be introduced by 2022, and consent-based data sharing as part of an open banking push.
August 31, 2020 -
824AML / KYCASIC Ends Years-old Probe into CBA’s AML Breaches
ASIC will not be pursuing further enforcement action against Commonwealth Bank for the AML breaches that in 2018 resulted in a A$700mn settlement with AUSTRAC.
August 27, 2020 -
1.1KAustralia & NZASIC Issues Guidance on Use of Enhanced Regulatory Sandbox
The enhanced regulatory sandbox will commence on 1 September, following legislative amendments passed in February and subsequent regulations made in May.
August 26, 2020 -
625Australia & NZAPRA to Recommence Policy Work, Licensing Activity
APRA will recommence public consultations on high-priority prudential policy reforms, and begin accepting new licence applications in September.
August 11, 2020 -
567Australia & NZNAB to Stop Dealing with Unlicensed Debt Management Companies
NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.
August 3, 2020 -
564MalaysiaMalaysia Introduces Enhanced IPO Framework for Main Market
The new framework will introduce a mandatory holistic consultation process, a longer exposure period for the draft prospectus, and a more liberal principal adviser regime.
July 22, 2020 -
270Australia & NZFMA Sets Out Full Licence Conditions for NZ Financial Advisers
In a consultation paper, the FMA specifies three distinct classes of financial advice provider licences, to allow applicants to apply for the licence that best suits their circumstances and business structures.
June 18, 2020 -
385IndiaRBI Reassesses Ownership, Control, Governance at Private Sector Banks
The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.
June 15, 2020
