All posts tagged "related party transactions"
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349Asia-PacificBSP Proposes New Reporting Requirements for Conglomerate-run Banks
Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.
February 3, 2020 -
207AML / KYCSEBI Panel Proposes Tighter Norms for Related Party Transactions
Any member of the promoter group would be deemed a related party regardless of shareholding. Any shareholder with more than 20% of a listed company's shares would also be deemed a related party.
January 29, 2020 -
235Asia-Pacific
BSP Relaxes Requirements on Issuance of Debt Instruments
Related companies of issuing banks are allowed to underwrite or arrange LTNCTDs, bonds and commercial papers, subject to certain conditions.
December 3, 2019 -
260Capital RegulationCBIRC Proposes Higher Conduct Standards for Trust Companies
The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.
November 25, 2019 -
1.2KAustralia & NZEFS Reporting for Derivatives to Start in Q3 2020: APRA
APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
November 23, 2019 -
267Australia & NZAuditor Independence Still an Issue for Audit Quality: FMA
The key issues identified in the FMA's Audit Quality Report 2019 related to auditor independence, related party transactions, accounting estimates, and auditor response to fraud risk.
November 19, 2019 -
477Asia-PacificPhilippine SEC Proposes New Rules for REITs
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
October 10, 2019 -
307Capital Regulation
CBIRC Tightens Rules on Insurers’ Related-Party Transactions
The CBIRC says some insurance companies have allowed their subsidiaries to use the insurers as “ATM machines”, causing “severe risks and social impact”.
September 10, 2019 -
713Capital RegulationPBOC Issues Draft Rules for Financial Holding Companies
Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.
July 29, 2019 -
779Big Picture
Financial Stability Risks Remain Under Control – PBOC
PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.
November 5, 2018
