The reform will help China strengthen financial risk management, prevention and disposal, crack down on violations of laws and regulations, and improve the quality and effectiveness of financial regulation, he said. "Financial regulation has entered...
On December 17, 2023, the State Council of China promulgated theRegulations on Supervision and Administration of Non-bank Payment Institutions(in Chinese:非银行支付机构监督管理条例) ("New Regulations"). The formal promulgation of the New Re...
These new rules date back to March 1, 2017, when theNYDFS implemented comprehensive cybersecurity regulationsfor financial services companies and other covered entities. The regulations were most recently updated on November 1, 2023, with phased effective dates starting on December 1, 2023. Several k...
BEIJING, March 20 (Xinhua) -- China's recent new regulations on consumer finance companies will improve market regulation and risk control and let the sector better play its role in bolstering consumption growth, analysts said. On Monday, the National Financial Regulatory Administration published a ...
1.Important data: Data processors should identify important data according to relevant regulations. For data that has not been notified or publicly released as important data by relevant departments or local government, data processors do not need to apply for security assessment on the basis of imp...
(theNew Listing Regulations), which will come into effect on 31 March 2023. In an effort to reform the regulatory regime for offshore listings, the New Listing Regulations establish a filing-based administration system for overseas listings of domestic enterprises, enhancing support for domestic...
The new rules are applicable for the 2023 year of assessment (YA) (that is, the financial year ending on or after January 1, 2023). In this article, we outline some of the main changes in the new APA and TP rules and discuss how they may impact companies in Malaysia. ...
and the National Financial Regulatory Administration to set the specific standards for annual expenditures and management expenses of charitable trusts. Although no further regulations on setting such standards have been enacted so far, we believe that the New PRC Charity Law would to some extent affec...
March 9, 2023 At a glance Main takeaway:The SEC and EU have announced new regulations that will require government contractors to increase their transparency on ESG-related matters, including emissions disclosures, corporate social responsibility and financial performance. ...
The Hong Kong Monetary Authority has revealed its intentions to introduce new regulations on crypto assets and stablecoins.