Payments & Settlements

BSP to Ease Documentary Requirements for FX Transactions

31/07/2022

The BSP has proposed draft rules to ease the documentary requirements for registering inward investments and FX remittances to fund investments.

Conduct, Culture & Accountability

SFC Fines Hedge Fund Manager for Liquid Capital Deficit

31/07/2022

KTF Capital Management had a HK$20mn deficit between 13 and 18 December 2018 but misrepresented to the SFC that it maintained sufficient liquid capital during the period.

Trading & Investment

JPX Unveils Plans to Promote ‘New Capitalism’ Agenda

31/07/2022

JPX will develop an environment that promotes innovation and growth in companies, while also improving financial literacy and promoting asset building by households.

Payments & Settlements

RBI Allows Payment Aggregators Time To Obtain Licenses

31/07/2022

Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications

Reporting & Disclosures

NZ XRB Issues Final Consultation on Climate Reporting Standards

31/07/2022

The XRB intends to finalise the standards in December 2022. New Zealand’s first climate statements will be published in April 2024.

Structural Regulation

SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms

31/07/2022

Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.

Market Abuse

Korean Regulators Vow to Punish Illegal Short Selling Activities

29/07/2022

Regulators may revise laws as early as this year to require short sellers trading large quantities of stocks to file reports on their activity.

Anti-Money Laundering

AUSTRAC Proposes Rule Change to Accommodate ISO 20022

29/07/2022

The proposed amendments will enable reporting entities to submit IFTIs using the ISO 20022 message format.

Operational Risk

APRA Proposes New Operational Risk Management Standard

29/07/2022

APRA proposes to introduce a new cross-industry prudential standard on operational risk management, which also covers third-party service providers.