All posts tagged "licensing"
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635Fintech / RegtechKorea Announces New Measures to Boost Fintech Development
Among other measures, the FSC said that it would promote the use of regulatory sandboxes to produce at least 100 cases of innovative financial services by March 2020.
December 5, 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 -
295ChinaFormer PBOC Official Under Probe for ‘Legal Violations’
Reports indicate the investigation might be related to third-party payment licences issued by the central bank between 2011 and 2015.
November 8, 2019 -
662Capital RegulationSingapore Banking Amendment Bill Introduced in Parliament
The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.
November 5, 2019 -
217Australia & NZNew Zealand Delays Start of New Licensing Regime
The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.
October 28, 2019 -
382Hong 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 -
686Australia & NZ
New 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 -
278Australia & 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 -
451AML / KYC
Korea’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 -
492Australia & 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
