The hottest Regulations Substack posts right now

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Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/035

RegAlert • 0 implied HN points • 31 Dec 21
💰 Finance Regulations
  1. Financial institutions in Nigeria must ensure they collect required documentation and identification data from customers to comply with regulations.
  2. All banks should establish and maintain internal control systems to promote compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.
  3. Institutions need to have trained staff and technological systems in place to effectively comply with regulatory requirements.

Alert: Central Bank of Nigeria Circular TED/FEM/FPC/GEN/01/010

RegAlert • 0 implied HN points • 29 Nov 21
💰 Finance Regulations
  1. Starting from November 30, 2021, the e-Form 'NCX' will replace the hard copy version for non-commercial exports.
  2. Processing of the e-Form 'NCX' will be digitally carried out via the Trade Monitoring System website.
  3. Individuals using the Trade System for e-Form 'NCX' application need a valid Tax Identification Number from FIRS/JTB.

Alert: Central Bank of Nigeria Circular CCD/GUI/01/20-10-2021

RegAlert • 0 implied HN points • 20 Oct 21
💰 Finance Regulations
  1. The Central Bank of Nigeria issued a circular about the Guidelines for the Implementation of Tertiary Institutions Entrepreneurship Scheme (TIES). Financial institutions must provide compliance details, student participation numbers, report challenges, and maintain communication with authorities.
  2. The circular emphasizes the importance of adherence to the guidelines set forth for the Tertiary Institutions Entrepreneurship Scheme (TIES).
  3. Financial institutions are urged to engage in open communication with the relevant authorities regarding the implementation of the Tertiary Institutions Entrepreneurship Scheme (TIES).

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/013/149

RegAlert • 0 implied HN points • 12 Oct 21
💰 Finance Regulations
  1. The Central Bank of Nigeria issued a revised regulatory framework for Bank Verification Number (BVN) operations and watch-list for the Nigerian banking industry to enhance customer due diligence and Know Your Customer processes.
  2. The aim of the framework is to promote a safe and efficient banking and payment system in Nigeria by improving regulatory oversight.
  3. The Central Bank will continuously monitor industry developments and offer further guidance as needed to ensure compliance with the regulatory framework.

Alert: Central Bank of Nigeria Circular TED/FEM/PUB/FPC/01/007

RegAlert • 0 implied HN points • 11 Oct 21
💰 Finance Regulations
  1. The Central Bank of Nigeria has issued a circular regarding the introduction of the Pan African Payments and Settlement System (PAPSS) for faster and cheaper cross-border transactions within Africa.
  2. The PAPSS system supports cross-border retail payments in local currencies in West Africa and inter-bank settlement in USD.
  3. Each central bank will determine eligible transactions for foreign exchange, and commercial banks may maintain a USD settlement account at Afreximbank for payments outside of eligible transactions.
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Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/027

RegAlert • 0 implied HN points • 30 Sep 21
💰 Finance Regulations
  1. The Circular published by the Central Bank of Nigeria contains a comprehensive list of licensed microfinance banks as of September 30, 2021, with details like addresses and statuses.
  2. The listed microfinance banks in the Circular are located in states including Anambra, Lagos, Edo, Ogun, Abia, Bauchi, and the F.C.T.
  3. The Circular classifies the microfinance banks into categories such as state, national, and tier 2 units, offering insights into their operational scope.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/026

RegAlert • 0 implied HN points • 30 Sep 21
💰 Finance Regulations
  1. Financial institutions should take note of the list of deposit money banks provided in the circular, categorized by their banking licenses and addresses.
  2. The circular from the Central Bank of Nigeria includes information on international, national, and regional deposit money banks as of September 30, 2021.
  3. The circular can be downloaded from the Central Bank of Nigeria website for further reference.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Regulations
  1. The Central Bank of Nigeria issued Circular BSD/DIR/PUB/14/063 regarding Guidelines on Liquidity Coverage Ratio (LCR)
  2. Financial institutions must comply with the LCR guidelines, maintain adequate liquidity buffers, and meet minimum LCR requirements
  3. Institutions are responsible for submitting monthly LCR reports to the Central Bank

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Regulations
  1. Financial institutions must implement effective liquidity risk management practices and assess internal liquidity adequacy according to provided guidelines.
  2. Institutions need to maintain sufficient liquidity buffers, establish contingency funding plans, and regularly monitor and report liquidity risk.
  3. The circular issued by the Central Bank of Nigeria emphasizes the importance of managing liquidity risk effectively.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/LAB/14/052

RegAlert • 0 implied HN points • 28 Jul 21
💰 Finance Regulations
  1. Financial institutions in Nigeria must set up teller points at designated branches for the sale of foreign exchange to retail customers, selling FX in cash and/or electronically.
  2. Institutions should not refuse customers if all documentation and requirements are met, and must establish electronic systems to update customers on the status of their FX requests.
  3. The Central Bank of Nigeria has issued Circular BSD/DIR/PUB/LAB/14/052 detailing these requirements for FX sales at bank branches.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/011/091

RegAlert • 0 implied HN points • 09 Jul 21
💰 Finance Regulations
  1. Financial institutions in Nigeria must follow the regulatory framework for mobile money services to ensure transaction safety.
  2. Institutions need to strengthen their risk management systems for mobile money operations.
  3. Cooperation with the Central Bank of Nigeria is necessary to provide important data for oversight of mobile money transactions.

Alert: Central Bank of Nigeria Circular FPR/DIR/CIR/GEN/01/018

RegAlert • 0 implied HN points • 30 Jun 21
💰 Finance Regulations
  1. The post discusses a circular from the Central Bank of Nigeria regarding a list of Deposit Money Banks as of June 30, 2021, classified based on their licensing authorization and head office addresses.
  2. Financial institutions are required to adhere to the specific list of deposit money banks mentioned in the circular, categorized by their licensing authorization types (international, national, regional) and the locations of their head offices.
  3. The circular emphasizes the inclusion of institutions with commercial banking licenses and international, national, or regional authorizations, providing clarity on the types of institutions covered and their distinctions.

Alert: Central Bank of Nigeria Circular FPR/LAD/CON/BDC/006/100

RegAlert • 0 implied HN points • 23 Jun 21
💰 Finance Regulations
  1. Financial institutions in Nigeria must pay their Annual Licence Renewal Fees by 31st March each year from their operating accounts in the names of the institutions to avoid sanctions.
  2. Payments must be made within the regulatory deadline to be considered for processing by the Central Bank of Nigeria.
  3. Non-compliance with the payment of Annual Licensing Renewal Fees may lead to necessary sanctions being imposed by the Central Bank of Nigeria.

Alert: Central Bank of Nigeria Circular FPR/DIR/GEN/CIR/01/011

RegAlert • 0 implied HN points • 31 May 21
💰 Finance Regulations
  1. The circular provides a list of licensed payment service banks as of March 31, 2021, including institutions like Hope PS3 Limited and Moneymaster PS3 Limited.
  2. The circular includes the head office addresses of the listed payment service banks for reference.
  3. Interested individuals can download the full circular, which is titled FPR/DIR/GEN/CIR/01/011, from the Central Bank of Nigeria website.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/011/008

RegAlert • 0 implied HN points • 28 May 21
💰 Finance Regulations
  1. The Central Bank of Nigeria has released a Regulatory Framework for Non-Bank Merchant Acquiring in Nigeria, setting rules and standards for services.
  2. Various stakeholders, including banks and financial institutions, must adhere to this framework and other related regulations.
  3. Continuous monitoring and guidance will be provided by the Central Bank to ensure compliance.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/01/004

RegAlert • 0 implied HN points • 26 May 21
💰 Finance Regulations
  1. The Central Bank of Nigeria issued guidelines for shared services in the banking sector to address governance, financial management, and tax concerns, aiming to prevent abuse and ensure compliance by June 1, 2022.
  2. The guidelines focus on streamlining activities of institutions involved in shared services and transfer pricing.
  3. It is essential for institutions in the banking industry to adhere to these guidelines to prevent the misuse of shared services agreements as tax shields.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/10/145

RegAlert • 0 implied HN points • 24 May 21
💼 Business Regulations
  1. Financial institutions in Nigeria must meet new license requirements for the payments system, including submitting various necessary documents and information to the Central Bank of Nigeria.
  2. Required documents include the company's audited financial statements for the past 3 years, proof of tax clearance for 3 years, and details about ownership, business operations, and structure.
  3. All applications for the new license requirements should be sent to the Payments System Management Department of the Central Bank of Nigeria in Abuja.

Alert: Central Bank of Nigeria Circular COD/DIR/INT/CIR/001/002

RegAlert • 0 implied HN points • 20 Apr 21
💰 Finance Regulations
  1. Financial institutions in Nigeria must accept old and lower denominations of United States Dollars as legal tender or face sanctions.
  2. Authorized forex dealers are advised to avoid defacing or stamping US Dollar banknotes to preserve their authenticity.
  3. The Central Bank of Nigeria Circular COD/DIR/INT/CIR/001/002 provides details on the rejection of old/lower denominations of USD by DMBs and FOREX dealers.

Alert: Central Bank of Nigeria Circular FPR/DIR/GEN/CIR/01/010

RegAlert • 0 implied HN points • 31 Mar 21
💰 Finance Regulations
  1. The circular provides a list of 28 Primary Mortgage Banks (PMBs) in Nigeria, with their names and addresses, as of March 31, 2021.
  2. The PMBs are located in various states across Nigeria, including Lagos, Abuja, Akwa Ibom, Delta, and Jigawa.
  3. You can access the full circular with the list of PMBs at the Central Bank of Nigeria's website.

Alert: Central Bank of Nigeria Circular TED/FEM/FPC/PUB/001/002

RegAlert • 0 implied HN points • 26 Jan 21
💼 Business Regulations
  1. The Federal Government has appointed Pre-shipment Inspection Agents (PIAs) to oversee non-oil exports in specific regions of Nigeria
  2. Different regions will have different appointed agents such as Anglia International Services Limited, Neroli Technologies Limited, and Gojopal Nigeria Limited
  3. Monitoring & Evaluation Agents have been assigned to supervise the activities of the appointed Pre-shipment Inspection Agents in their respective zones

Alert: Central Bank of Nigeria Circular TED/FEM/FPC/PUB/001/001

RegAlert • 0 implied HN points • 22 Jan 21
💰 Finance Regulations
  1. Only licensed International Money Transfer Operators (IMTOs) can handle diaspora remittances into Nigeria.
  2. Diaspora remittances in Nigeria must be received in foreign currency, either in cash or transferred to domiciliary accounts.
  3. IMTOs are prohibited from disbursing diaspora remittances in Naira or through Nigerian financial payment platforms.

Should indie medical-device techs have the ‘right to repair’?

Fight to Repair • 0 implied HN points • 17 Apr 21
🏥 Health Politics Regulations
  1. Skilled technicians struggle with repairs due to lack of documentation, tools, and parts, causing delays for device users.
  2. Independent technicians lack legal leverage to access tools and resources necessary to repair medical devices like wheelchairs and insulin pumps.
  3. The FDA and FTC have supported right-to-repair policies for medical devices, emphasizing the importance of technicians in maintaining the healthcare system.

Red Flags for Repair in Proposed Auto Cyber Guidelines

Fight to Repair • 0 implied HN points • 04 Feb 21
🇺🇸 U.S. Politics Regulations
  1. The draft guidelines from the U.S. National Highway Traffic Safety Administration (NHTSA) have raised concerns for repair advocates due to the potential impact on state laws granting access to vehicle data for repair.
  2. The proposed guidelines recommend giving automakers control over diagnostic tools' access to vehicle systems, potentially affecting laws like the Massachusetts 2013 auto right to repair act.
  3. There are positive aspects in the guidelines encouraging automakers to maintain serviceability, evaluate software vulnerabilities, and track software in vehicles, but the voluntary nature of the guidelines raises concerns about implementation and cybersecurity in existing connected vehicles.

Bangsun Tech terminates IPO!

CyberSecurityMew • 0 implied HN points • 06 Dec 23
💼 Business Regulations
  1. Bangsun Tech terminated its IPO application with sponsors due to unresponsiveness and failure to update financial data as required by regulations.
  2. The company's IPO journey, from initial application to termination, lasted less than six months, highlighting the challenges faced in the process.
  3. Bangsun Tech, primarily operating in the financial sector, revealed concerning financial information in the prospectus, including significant losses and over ambitious fundraising plans.

Sansec announced to acquire Jiangnan Keyou

CyberSecurityMew • 0 implied HN points • 20 Jun 23
💼 Business Regulations
  1. Sansec announced the acquisition of 66.9349% shares of Jiangnan Keyou on June 19, 2023, aiming to improve resource integration and leverage synergies.
  2. China's regulatory framework for cryptography has been improving with laws like the 'Password Law' and revised 'Regulations on the Administration of Commercial Cryptography,' accelerating the industry's development.
  3. Upon completion of the acquisition, Jiangnan Keyou will become a wholly-owned subsidiary of Sansec.

Cyberspace Administration of China Releases Draft Regulations on Management of Generative AI Services (Soliciting Public Opinions)

CyberSecurityMew • 0 implied HN points • 12 Apr 23
🕹 Technology Regulations
  1. The Cyberspace Administration of China has released draft regulations on the management of generative AI services, seeking public opinions.
  2. The regulations emphasize support for independent innovation, international cooperation, and the use of secure and trustworthy resources in the AI sector.
  3. Providers of generative AI products or services must adhere to legal requirements, respect societal values, prevent discrimination, ensure accuracy in generated content, and safeguard personal and intellectual property rights to avoid penalties.

Sky-High Risks: The Hidden Dangers of Airplane WiFi

IntelEdge360 with Bidemi Ologunde • 0 implied HN points • 25 Mar 24
🕹 Technology Regulations
  1. Airplane WiFi can pose significant cybersecurity risks, highlighting the need for comprehensive strategies to protect operations, data, and passenger privacy.
  2. Airplane WiFi operates through air-to-ground (ATG) and satellite connectivity, with various speeds and costs associated with each system.
  3. Implementing in-flight WiFi presents challenges such as costs, regulatory hurdles, and user experience variations, but advancements are working towards better connectivity and affordability.

2/7/22 Tech Buzz China Insider Digest

Tech Buzz China Insider • 0 implied HN points • 08 Feb 22
🕹 Technology Regulations
  1. Regulating Chinese digital platforms involves focusing on compliance, differentiating policies, and balancing interests and values.
  2. China's focus on the real economy over soft tech is evident in its technology encouragement and regulation.
  3. The e-CNY digital currency has both physical and software app versions with tiered levels based on registration requirements and transaction limits.

November 2021 Tech Buzz China Newsletter

Tech Buzz China Insider • 0 implied HN points • 09 Dec 21
🕹 Technology Regulations
  1. The Tech Buzz China Livecasts provide insights into the conversations and research on China tech, encouraging participation and learning by offering edited recordings to the public.
  2. Leading figures like Raymond Huang and Andy Tian share valuable insights on topics such as livestreaming eCommerce, social apps, and the global export of ideas from the Chinese tech ecosystem.
  3. The Tech Buzz China Insider community offers in-depth analyses of China tech, covering topics like content access regulations and the dynamic landscape of eCommerce giants like Alibaba and its competitors.

8/19 TBC Insider Digest

Tech Buzz China Insider • 0 implied HN points • 20 Aug 21
🕹 Technology Regulations
  1. The Discord migration is complete, and community members need to link their accounts for access. Weekly chats will be hosted in Discord as well.
  2. China's first BNPL Happay raises near $100 million in Series A funding, joining the league of successful BNPL companies like Klarna and Afterpay.
  3. China passes the Personal Information Protection Law, similar to GDPR, affecting tech giants like Alibaba, JD, ByteDance, and Tencent.

7/8 TBC Insider Digest

Tech Buzz China Insider • 0 implied HN points • 08 Jul 21
💼 Business Regulations
  1. The recent investigation of Didi by the Cyberspace Administration of China has significant implications for data security and cross-border securities enforcement. Companies listing overseas will likely face stricter data security requirements.
  2. Following the Didi incident, China has announced a strict crackdown on illegal activities in securities, emphasizing the seriousness of maintaining law and order in the securities sector.
  3. Alibaba's reorganization and involvement in the Suning bailout show strategic moves in response to market dynamics, indicating a shift in focus towards rural China and potential implications on investment strategies.

5/13 TBC Insider Digest: Alibaba, Pinduoduo et al

Tech Buzz China Insider • 0 implied HN points • 14 May 21
🕹 Technology Regulations
  1. Chinese regulators are working on fintech regulations to prevent disorderly expansion of capital in internet firms.
  2. Alibaba's HR system called "zhengwei" is considered a key enabler of its success and is unique compared to other organizations.
  3. Colin Huang, founder of Pinduoduo, has a clear vision for the company focused on remaking the relationship between supply and demand for consumer goods.

TBC Insider Digest 3/30/21

Tech Buzz China Insider • 0 implied HN points • 31 Mar 21
🕹 Technology Regulations
  1. The post discusses upcoming events like the Columbia Business School China Business Conference and a Friday Weekly Hangout where participants can learn about various topics.
  2. The article provides insights on edtech regulations in China, particularly the rumors surrounding after-school tutoring programs and their potential impact on companies like $GSX, $TAL, and $EDU.
  3. There's talk about the Zhihu IPO and its lackluster debut, exploring concerns about the company's speed issues and the complexity of content commerce in China.

A Founding Fathers-Approved Gun Control Plan

School Shooting Data Analysis and Reports • 0 implied HN points • 25 Feb 18
🇺🇸 U.S. Politics Regulations
  1. The gun control debate centers around balancing constitutional rights with societal safety. Citizens have the right to hunt, shoot for sport, and defend their homes, but not to shoot at other citizens in public areas.
  2. Historically, the type of firearms the Founding Fathers had in mind were limited to slow-firing weapons like flintlock muskets. Modern firearms serve various purposes, but some are designed specifically for mass shootings.
  3. Proposed legal models for hunting and sport shooting include break-action shotguns and black powder rifles. These firearms provide utility for hunters and sport shooters while minimizing risk in the hands of mass shooters.

About that ISDA: Pt 2: Bilaterality

The Jolly Contrarian • 0 implied HN points • 02 Feb 24
💰 Finance Regulations
  1. The ISDA Master Agreement uses unique labels like 'Party A' and 'Party B' for swap participants instead of traditional labels like 'Lender' and 'Borrower'. This creates a more equal and symmetrical dynamic between the counterparties.
  2. The concept of bilaterality in the ISDA Agreement emphasizes fairness and equality in the swap trading relationship. It ensures that both parties are seen as equals rather than having a dominance-subservience dynamic.
  3. While 'Party A' and 'Party B' labels may seem generic, they play a crucial role in specifying roles and obligations within the agreement. Despite the equality, these distinctions are necessary for clarity and accountability in the trading relationship.

Do Americans Have the Right to Eat Healthy Food?

Harnessing the Power of Nutrients • 0 implied HN points • 30 Oct 21
🍲 Food & Drink Regulations
  1. Americans do not have an absolute right to consume any particular food, which is highlighted in legal battles regarding food rights.
  2. The food rights movement involves advocating for access to locally produced, nutrient-dense foods while facing challenges from regulatory agencies.
  3. Despite government crackdowns on private food exchanges, there have been legal victories supporting food rights, such as acquittals in jury trials.

Cholesterol Politics

Harnessing the Power of Nutrients • 0 implied HN points • 05 Feb 09
🏥 Health Politics Regulations
  1. The post discusses the war on cholesterol as a war on freedom, covering issues like the National Animal Identification System, Codex Alimentarius, and the Campaign Against Raw Milk.
  2. The site plans to address conflicts of interest, the pharmaceutical industry, and the FDA's revolving door, along with the Federal Reserve in the future.
  3. The focus is on exploring how various factors impact health freedom and choices.

Tại sao Việt Nam nên "ôm hôn" Bitcoin

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 05 Mar 14
🕹 Technology Regulations
  1. Vietnam can benefit from using Bitcoin for remittances due to its low fees compared to traditional methods like banks and money transfer companies.
  2. Bitcoin's low transaction fees could help Vietnamese people save significant amounts of money on remittance fees annually.
  3. Bitcoin presents an opportunity for Vietnam to embrace technological innovation and advance its IT industry by legalizing and promoting the use of Bitcoin for payments.

Viết tiếp về Paypal-made-in-VN

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 10 Oct 07
🕹 Technology Regulations
  1. One of the main challenges for e-payment companies in Vietnam is convincing banks to connect with them, often due to technology and product limitations.
  2. Unlike foreign e-payment companies that focus on credit card payments, Vietnamese e-payment companies prefer transactions through ATM cards linked to bank accounts.
  3. The lack of regulations in Vietnam regarding fraud liability in non-credit card payments creates challenges, leading e-payment companies to explore intermediary solutions like PayPal's model.