All posts tagged "licensing"
-
317Hong KongHong Kong to Regulate Fund Trustees, Custodians
Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.
September 30, 2019 -
580Australia & NZNew Zealand to Introduce New Conduct Oversight Regime
New legislation to implement the regime is expected by year-end, empowering the FMA with stronger enforcement tools and the ability to impose higher penalties for conduct breaches.
September 27, 2019 -
256Australia & NZASIC Extends Licensing Relief for Foreign Firms Ahead of New Regime
The extension of licensing relief allows foreign financial services providers just over six months to decide whether they will apply for the new foreign AFS licence.
September 12, 2019 -
393AML / KYCKorea’s FIU Seeks Direct Supervision Over Crypto Exchanges
Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.
August 9, 2019 -
454Australia & NZ
FMA to Open Applications for New Adviser Licences in November
Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.
July 26, 2019 -
460Korea
S. Korea to Ease Rules for Brokerage, Asset Management Sectors
The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.
June 28, 2019 -
392Australia & NZ
New Zealand to Introduce Licensing Regime for Financial Advisers
The new regime will require all New Zealand financial advisers to be licensed by the FMA, effective from June 2020.
June 24, 2019 -
468Australia & NZ
ASIC Updates Guidance for ICO, Crypto-Asset Issuers
The guidance tells issuers how to determine whether an ICO or crypto-asset is considered a financial product, and which Australian laws would apply.
June 3, 2019 -
845Hong KongSFC Investigation Disclosure Obligation Presents Challenge to Industry
The SFC has clarified aspects of the new disclosure obligation, but concerns remain over logistical and administrative burdens, say ASIFMA and Herbert Smith Freehills.
May 24, 2019 -
401Market InfrastructureMAS Proposes Consolidated Regulation, Licensing for Merchant Banks
MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.
May 22, 2019
