Feedback from recent thematic reviews of
Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) control
measures for remote customer onboarding initiatives
HKMA News, 3 Jun 2020
It is in response to industry feedback through the Balanced and
Responsive Supervision initiative of the Hong Kong Monetary Authority (HKMA) for
sharing supervisory observations and practical issues, and further to our
articulation of the key guiding principles of identity authentication and
identity matching in February 2019.
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ESMA Updates Transparency and Position Limit Opinions for 3rd Country
Venus
ESMA News, 3 Jun 2020
The
European Securities and Markets Authority (ESMA), the EU’s securities markets
regulator, has published updated opinions on post-trade transparency and
position limits under MiFID II and MiFIR following its assessment of over 200
third-country trading venues (TCTV) against criteria published in opinions in
2017.
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ESMA Consults on Cloud Outsourcing Guidelines
ESMA News, 3 Jun 2020
The
guidelines’ purpose is to provide guidance on the outsourcing requirements
applicable to financial market participants when they outsource to cloud service
providers. In particular, they aim to help firms and competent authorities
identify, address and monitor the risks and challenges that arise from cloud
outsourcing arrangements.
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FCA confirms guidance for insurance firms on assessing product value
FCA News, 3 Jun 2020
The
guidance sets out what the FCA considers firms should be doing to identify any
material issues that affect the value of the general insurance and protection products
they offer, and their ability to deliver good customer outcomes, during this
unprecedented time.
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FAQs on Offers of Units in Collective Investment Schemes (including
REITs)
MAS News, 3 Jun 2020
FAQs
provides clarification and additional guidance on the regulatory requirements
that managers of funds and REITs are expected to comply with under the SFA amid
the COVID-19 pandemic.
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Hyflux, directors under probe over corporate governance breaches
Straits Times, 3 Jun 2020
The
investigation, which also involves the company's existing and former directors,
follows a review of Hyflux-related disclosures and compliance with accounting
and auditing standards that was announced in April last year.
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