Financial Services Regulatory Update 2018/08/31

  • Launch of Investor Identification System for Northbound Trading under Mainland-Hong Kong Stock Connect
  • Hong Kong Exchanges and Clearing Limited Announces Details of Launch of the Investor Identification Model for Northbound Trading through its Mutual Stock Market Access Program with the Exchanges in Shanghai and Shenzhen on September 17, 2018
  • The Hong Kong Securities and Futures Commission Reprimands and Fines HPI Forex Limited HK$2 Million for Regulatory Breaches
  • The Stock Exchange of Hong Kong Limited Publishes Frequently Asked Questions on Listing Regime for Companies from Emerging and Innovative Sectors
  • Hong Kong Securities and Futures Commission’s Circular to Licensed Corporations and Associated Entities – Anti-Money Laundering / Counter Financing of Terrorism (AML/CFT) – AML/CFT Measures and Controls Inspection Findings
  • The Stock Exchange of Hong Kong Limited Publishes Conclusions from its Consultation on Exempting Aircraft Leasing Activities from its Notifiable Transactions Rules
  • Hong Kong Securities and Futures Commission Bans Fonia Kwok Lai Kwan for 12 Months Following her Conviction for Unlicensed Asset Management
  • Hong Kong Monetary Authority Welcomes the Full Implementation of Delivery versus Payment (DvP) Settlement in Bond Connect
  • China Securities Regulatory Commission Publishes (1) Decision on Amending Administrative Measures for Securities Registration and Settlement and (2) Decision on Amending Measures for the Administration of Equity Incentives of Listed Companies
  • China Securities Regulatory Commission Launches Administrative Measures for Foreign-Funded Futures Companies
  • Monetary Authority of Singapore and Singapore Exchange Partner Anquan, Deloitte and Nasdaq to Harness Blockchain Technology for Settlement of Tokenized Assets
  • U.S. Securities and Exchange Commission Adopts Amendments to Simplify and Update Disclosure Requirements
  • Merrill Lynch Settles U.S. Securities and Exchange Commission’s Charges of Undisclosed Conflict in Advisory Decision
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Financial Services Regulatory Update 2018/08/17

  • Hong Kong Insurance Authority and China Banking and Insurance Regulatory Commission Implement Preferential Treatment to Promote the Development of Hong Kong Reinsurance Industry
  • Circular on Hong Kong Securities and Futures Commission Disciplinary Fining Guidelines
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on Review Structure in Relation to Listing Committee Decisions
  • Hong Kong Monetary Authority Reprimands and Fines Shanghai Commercial Bank Limited for Contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
  • Hong Kong Securities and Futures Commission Bans Cham Nga Yin for Life
  • Hong Kong Market Misconduct Tribunal Finds China AU Group Holdings Limited’s Former CEO and Related Persons Culpable of Market Manipulation
  • Singapore Exchange Welcomes the Listing of Asia’s First Infrastructure Project Finance Securitization Notes
  • Monetary Authority of Singapore Accepts Recommendations from Corporate Governance Council and Issues Revised Code of Corporate Governance
  • U.S. Securities and Exchange Commission Charges Mizuho Securities USA LLC for Failure to Safeguard Customer Information
  • Highlights of the Speech by the Secretary for Financial Services and the Treasury Bureau of Hong Kong at Asia Pacific Loan Market Association Annual Syndicated Loan Market Conference
  • Highlights of the Speech by the Secretary for Financial Services and the Treasury Bureau of Hong Kong at 2018 Annual Conference of In-House Lawyers
  • Highlights of the Speech by the Secretary for Financial Services and the Treasury Bureau of Hong Kong at 17th Hong Kong Venture Capital and Private Equity Association China Private Equity Summit
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Financial Services Regulatory Update 2018/08/03

  • Hong Kong Monetary Authority Launches Open Application Programming Interface Framework for the Banking Sector
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Criticizes Sre Group Limited for Breaching the Exchange Listing Rules, and Censures A Former Executive Director and Chairman, Mr. Shi Jian, for Breaching the Exchange Listing Rules and The Director’s Undertaking
  • U.S. Securities and Exchange Commission Modernizes the Delivery of Fund Reports and Seeks Public Feedback on Improving Fund Disclosure
  • U.S. Securities and Exchange Commission Charges Deutsche Bank AG for Improper Handling of American Depositary Receipts Singapore Exchange Proposes to Enhance Default Management Capabilities of Derivatives and Securities Clearing Houses
  • U.S. Securities and Exchange Commission Adopts Rules to Enhance Transparency and Oversight of Alternative Trading Systems
  • Singapore Exchange Enables Listing at Earlier Development Stage for Mineral, Oil and Gas Companies
  • Singapore Exchange Regulation Pte. Ltd. Reprimands Dapai International Holdings Co. Ltd., Executive Chairman Chen Xizhong, Former Chief Executive Officer Chen Yong and Former Chief Financial Officer Lawrence Lam Pong Sui for Breaches of Listing Rules and Delisted the Company
  • Singapore Securities Industry Council Consults on Amendments to Singapore Code on Take-Overs and Mergers to Clarify its Application to Companies with a Dual Class Share Structure
  • Hong Kong Securities and Futures Commission Implements Open-ended Fund Companies Regime
  • Hong Kong Securities and Futures Commission Publicly Censures Liang Guosheng and Imposes A Cold-Shoulder Order for Breach of the Takeovers Code
  • The Stock Exchange of Hong Kong Limited Publishes Corporate Governance Code Consultation Conclusions and Guidance for Boards and Directors
  • Hong Kong Securities and Futures Commission Issues Circular to Licensed Corporations on Internal Models Approach for Market Risk
  • Hong Kong Securities and Futures Commission Cautions Against Disguised Margin Financing
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