Regulatory Compliance Updates August 2022 – APAC Region

31 August 2022 - MAS imposes composition penalty of $375,000 on UOB Kay Hian Private Limited for business conduct and…
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Regulatory Update: UK Edition – August 2022

This UK regulatory update edition includes - FCA Policy Statement on strengthening financial promotion rules for high-risk investments and firms…
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The deadline for the Hong Kong SFC’s climate-related requirements is fast approaching

The Hong Kong Securities and Futures Commission (SFC) issued Consultation Conclusions on the Management and Disclosure of Climate-related Risks by…
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Audit Preparation For Business Continuity Management

Revised Business Continuity Management (“BCM”) Guidelines were introduced in June 2022, setting out the principles that Financial Institutions (“FIs”) are…
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Key Takeaways From MAS Information Paper on AML/CFT For External Asset Managers

The Monetary Authority of Singapore (MAS) has issued an information paper setting out MAS’ supervisory expectations of effective anti-money laundering…
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Enhancing the Appointed Representative Regime

On 3 August 2022, the Financial Conduct Authority (“FCA”) published its long-anticipated policy statement: PS22/11 - Improvements to the Appointed…
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The ADGM Data Protection Regulations Amendment 2022 - What you need to know

The Abu Dhabi Global Market (“ADGM”) released its comprehensive data protection regulations in 2021 (the “Regulations”), repealing the Data Protection…
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Regulatory Update: UK Edition – July 2022

This edition includes - FCA publishes rules and guidance on new Consumer Duty, PRA Discussion Paper DP3/22 on critical third…
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Cyber Security Solutions for the US Investment Advisers

SEC Focus on Cyber Security and Operational Resilience. The US Securities and Exchange Commission (“SEC”) has increased its focus on…
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Regulatory Update: Middle East Edition – July 2022

This edition includes - DFSA issues consultation paper no.144 ‘Miscellaneous Changes’, ADGM issues white paper on sustainable finance, FATF issues…
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Regulatory Compliance Updates July 2022 – APAC Region

28 July 2022 - CFC 02/2022 Disclosure and Reporting Guidelines for Retail ESG Funds This Circular sets out MAS’ expectations…
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Is an outsourced CCO appropriate for your organization?

Waystone Compliance Solutions provides outsourced CCO services to clients in the asset management and finance industry. As a truly global…
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Regulatory Update: UK Edition – June 2022

This edition includes - FCA Feedback Statement FS22/4 on regulatory regime for ESG rating providers, PRA publishes annual report, EBA…
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Regulatory Updates June 2022

30 June 2022 - Implementation of fairness principles in financial institutions' use of artificial intelligence/machine learning MAS conducted a thematic…
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The latest MAS compliance requirements: How Waystone can help

With MAS compliance requirements becoming more complex, many firms find it more efficient to outsource their compliance needs.
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Regulatory Update: Middle East Edition – June 2022

This edition includes - DFSA holds educational cyber security seminar, DIFC Academy holds ERS, CRS and FATCA training, ADGM announced…
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