The Securities and Futures Commission (SFC) recently released its Consultation Conclusions on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners. The changes to the existing Guidelines on Competence (Competence Guidelines) and Guidelines on Continuous Professional Training (CPT Guidelines) (together the “Guidelines”) will take effect in January 2022.
The Monetary Authority of Singapore (MAS) has recently revised its Technology Risk Management Guidelines 2021 (“TRM Guidelines”) after feedback from a 2019 public consultation and engaging with cyber security experts.
The Baker McKenzie Asia Pacific team will host a webinar entitled “Digital Transformation in Financial Services” on 20 May 2020.
Each market is dealing with COVID-19 cautiously, and the guidelines issued by different agencies follow a general theme around awareness, caution, and transparency.
Read about Baker McKenzie’s presentation: The Australian Banking Royal Commission and its likely fall out.
Baker McKenzie panelists use their experience from working with insurance firms to take a closer look at insurtech in Asia (Video)