All posts tagged "licensing"
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197Australia & 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 -
318IndiaRBI 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 -
295ChinaPBOC Grants Bank Card Clearing Licence to Amex JV
American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.
June 14, 2020 -
318FeatureSFC to Narrow Scope of OTC Derivatives Licensing Regime
The OTC derivatives licensing regime will not capture corporate treasury activities of non-financial groups, portfolio compression services, and certain portfolio management activities.
June 10, 2020 -
719Asia-PacificBOT Launches Regulatory Sandbox for P2P Lending Platforms
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
June 9, 2020 -
306Australia & NZ
FMA Approves Over Half of NZ Advisers Under New Regime
The new financial advice regime is not expected to start until after March 2021, but the FMA has already approved transitional licence applications accounting for more than half of NZ's financial advisers.
May 18, 2020 -
666Asia-PacificBSP Eases Asset Cover Rules for Banks’ FX Exposures
Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.
April 25, 2020 -
370AML / KYCCBIRC Simplifies Administrative Licensing for Trust Companies
The licensing rules reflect the cancellation of a $1bn asset threshold previously required of foreign financial institutions that invest in domestic trust companies.
April 16, 2020 -
374Australia & NZAPRA Suspends Issuance of New Licenses
Given the challenges new entrants face even under normal economic conditions, APRA does not consider it prudent to license new entities for at least the next six months.
April 9, 2020 -
707Capital RegulationMAS Relaxes Capital Rules, Defers Policy Implementation
MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.
April 8, 2020
