Japan

Exchange of Letters on banking supervision cooperation with CBI. The FSA announced its exchange of Letters on cooperation in the area of banking supervision with the Central Bank of the Islamic Republic of Iran (CBI). (2/14/2017)

FSA publishes outline in screening process for licensing and registration of financial businesses. The FSA published an outline of the standard screening process for screening applications for new registration with the FSA/Local Financial Bureau, and the major issues and key points in past screenings of registration and license for operating financial businesses. (2/10/2017)

Hong Kong

SFC issues third-quarter report. The SFC announced the publication of its Quarterly Report summarizing key developments from October to December 2016. (2/17/2017)

Singapore

CP on proposed regulatory regime for managers of venture capital funds. The MAS announced that it has published a Consultation Paper, Proposed Regulatory Regime for Managers of Venture Capital Funds. Comments on the CP are due by March 15, 2017. (2/15/2017)

Changes to finance company regulations. The MAS announced regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small- and medium-sized enterprises. (2/14/2017)

MAS sets up Data Analytics Group. The MAS announced the formation of a new Data Analytics Group starting on March 15, 2017. (2/13/2017) 

Financial sector gears up for the future economy. The MAS highlighted how it will support the recommendations of the Committee on the Future Economy and help to position the financial sector for the future. (2/13/2017)

MAS publishes second CP and response to feedback received on proposed revisions to notices on submission of statistics and returns. The MAS published a second public consultation on revised proposals arising out of its 2014 consultation paper on proposed revisions to the MAS Notices on Submission of Statistics and Returns. Comments on the consultation are due by March 20, 2017. (2/10/2017)

Australia

ASIC consults on sunsetting class order on reporting requirements for Australian financial services licensees who are natural persons. ASIC announced its release of a consultation paper proposing to remake ASIC Class Order [CO 03/748] Reporting requirements under s989B. This is due to expire on October 1, 2017. Submissions to the consultation paper are due by March 20, 2017. (2/17/2017)

ASIC launches First Business App to help young people starting a small business. ASIC announced that it has launched a new free mobile app to support young Australians starting a small business. (2/16/2017)