Page 3 - Licensing Framework News Today

A review of the key regulatory issues in the technology, media and telecommunications sector in United Arab Emirates, including regulated activities and regulatory enforcement.

KUALA LUMPUR, Jan 4 — Bank Negara Malaysia (BNM) today issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. The paper outlines the proposed framework for licensing new digital insurers and takaful operators (DITOs) to encourage digital innovation in the...

On October 25, 2021, Ontario announced the introduction of Bill 27, Working for Workers Act, 2021 (Act) for First Reading.

On October 25, 2021, Ontario announced the introduction of Bill 27, Working for Workers Act, 2021 (Act) for First Reading. If passed, the Act would amend Ontario’s Employment Standards...

The race for digital banking licenses in Malaysia intensifies By Submissions for digital banking license applications have closed on June 30, 2021 It is now up to the central bank to issue up to five digital bank licenses in 2022.  A look at the contenders shows a slew of large organizations and e-wallet operators taking on the challenge that will reshape traditional financial services. Malaysia has officially closed applications for its digital banking licenses last Wednesday, six months af...

Abu Dhabi: A new set of standards will soon apply to all tourism and cultural venues in Abu Dhabi, enhancing their sustainability, inclusivity and cultural richness. The new Tourism Quality Standards and Licensing Framework has been launched by the Department of Culture and Tourism (DCT) Abu Dhabi, which regulates the two sectors in the emirate of Abu Dhabi. The ten quality manuals will apply to amusement parks, events, cultural sites, tourist transportation services, tourist accommodation, and...

The .au Domain Administration (auDA) has officially launched the new licensing framework for the .au domain. The framework streamlines more than 30 previous policies and includes a slew of updates aimed to “promote greater trust and confidence” in the domain. The framework covers the com.au, net.au, org.au, asn.au, edu.au, and state and territory namespaces. The updates include changes to the eligibility and allocation rules for com.au, net.au, org.au, asn.au and state and territory namespa...

To frame norms for low bit rate applications for commercial and captive usage

On 31 December 2020, Bank Negara Malaysia (BNM) issued its Licensing Framework for Digital Banks ("Licensing Framework") and indicated that it may issue up to five digital bank licences.The grant of the licences is subject to the applicants demonstrating that their proposed services will harness technology to deliver services that meet the needs of unserved and/or underserved customer segments in Malaysia. The business models of the applicants must demonstrate that the business is viab...

MVNOs otherwise called Mobile Virtual Network Operators are to launch mobile services in Nigeria as President Muhammadu Buhari’s administration opens the telecoms market to more competition. Technology Times can confirm that the Nigerian Communications Commission planned licencing rounds will introduced MVNOs offering mobile services on the back of existing mobile network operators (MNOs), MTN Nigeria, Airtel Nigeria, Glo Mobile and 9mobile and others, in what is seen as imminent shakeup of t...