August 2020
The key updates in the August edition include:
- COVID-19: Investor protection, extension of Trade Loans under the Pre-approved Principal Payment Holiday Scheme and prudential measures
- Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) measures and financial sanctions
- Basel Committee releases consultative documents on principles for operational risk and operational resilience
- Simplified Arrangements for Sale and Distribution of Eligible Retail Bonds Issued by Government and Related Organisations
- IA circular on sandbox application for the distribution of long term insurance policies via video conferencing tools
- IA consults on the proposed Insurance (Group Capital) Rules and issues Circular on providing interpretation notes relating to GL 28
- LIBOR Reform Updates
We have summarised the details of these key updates in this newsletter.