Financial Services Regulatory Update 2019/02/15

  • Hong Kong Securities and Futures Commission Issues Circular to Announce New Licensing Forms and Mandatory Electronic Submission of Annual Returns and Notifications
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to Three Brokers to Freeze Client Accounts Related to Suspected Market Misconduct
  • Hong Kong Securities and Futures Commission Revokes W. Falcon Asset Management (Asia) Limited’s License
  • Court of First Instance Dismisses Judicial Review Application Against Hong Kong Securities and Futures Commission
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Conclusions on Proposed Changes to Documentary Requirements and Other Minor Rule Amendments
  • The Stock Exchange of Hong Kong Limited’s Announcement – in Relation to the Matter of China Fiber Optic Network System Group Limited (in Liquidation) Cancellation of Listing
  • Hong Kong Monetary Authority Announces Global Financial Innovation Network to Invite Applications for Testing Innovative Products
  • Hong Kong Monetary Authority Issues Circular on Remote On-boarding of Individual Customers
  • Hong Kong Monetary Authority Issues Circular on Interest Rate Risk in the Banking Book: Frequently Asked Questions
  • Hong Kong Monetary Authority Issues Circular on Self-assessment of Compliance with the Code of Banking Practice 2018
  • China Eyes Further Opening-up in Updated Draft Foreign Investment Law
  • U.S. Securities and Exchange Commission Charges Founder of Online Gaming Company Defrauding Investors
  • U.S. Securities and Exchange Commission Charges Former Senior Attorney at Apple With Insider Trading
  • U.S. Securities and Exchange Commission Charges Deloitte Japan With Violating Auditor Independence Rules
  • U.S. Securities and Exchange Commission Extends Comment Period for Rulemaking Proposal Regarding Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts
  • U.S. Financial Industry Regulatory Authority Inc. Announces Three Materially New Risk Monitoring and Examination Priorities
  • Monetary Authority of Singapore Allows Banks to Delay Implementation of E-Payment User Protection Guidelines
  • Monetary Authority of Singapore’s Responses to Public Inquiry about “Can Remittance Companies Lend Money”
  • Monetary Authority of Singapore Sets Up Corporate Governance Advisory Committee to Promote Good Corporate Governance
  • Nanyang Technological University Singapore and WeBank Set up Fintech Research Center
  • Financial Conduct Authority of the United Kingdom Launches Consultation on General Insurance Value Measures Data
  • Financial Conduct Authority of the United Kingdom Proposes New Measures to Encourage Effective Stewardship
  • Financial Conduct Authority of the United Kingdom Outlines How It Would Use the Temporary Transitional Power
  • Financial Conduct Authority of the United Kingdom Agrees Memoranda of Understanding with European Securities and Markets Authority and European Union Regulators to Allow Cooperation and Exchange of Information
  • Financial Conduct Authority of the United Kingdom Publishes its New Rules Following its Asset Management Market Study
  • Financial Conduct Authority of the United Kingdom Fines Former Fund Manager Paul Stephany
  • European Securities and Markets Authority Agrees No-deal Brexit Memoranda of Understanding with the Bank of England for Recognition of UK Central Counterparties and UK Central Securities Depository
  • Australian Securities and Investments Commission Announces its Preparation for Brexit
  • International Organization of Securities Commissions Seeks Public Opinion on Proposed Recommendations Related to Sustainable Finance
  • British Virgin Islands Government Announces Legislation Passed to Address European Union’s Economic Substance Concerns
  • Financial Reporting Council of Nigeria Publishes Nigerian Code of Corporate Governance 2018
  • UAE Abu Dhabi Global Market Undertakes Public Consultation on Revisions to Its Anti-Money Laundering Regime
  • Hong Kong Financial Services Development Council Releases Report on Enhancing Mandatory Provident Fund System in Hong Kong
  • Shanghai Stock Exchange Issues Notice to Solicit Public Opinion on the Establishment of the Sci-Tech Innovation Board and Piloting the Registration System
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Financial Services Regulatory Update 2019/02/01

  • The Stock Exchange of Hong Kong Limited Publishes Results of Latest Review of Issuers’ Annual Report Disclosure
  • Hong Kong Securities and Futures Commission Announces New Measures to Update its Licensing Processes
  • Luxembourg Law Requires Establishment of Register of Beneficial Owners of Companies
  • German Federal Financial Supervisory Authority Holds Consultation on Interpretative Guidance of the Bank Separation Act
  • China Securities Regulatory Commission Solicits Public Consultation for the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors (Consultation Paper) and the Supporting Rules
  • Hong Kong Monetary Authority Issues Circular on Handling Procedures for Following up Mis-transfer of Funds
  • Hong Kong Privacy Commissioner for Personal Data Advocates Data Ethics and Privacy Management Accountability
  • Seychelles Financial Services Authority Reminds Keeping of Accounting Records by International Business Companies
  • U.S. Securities and Exchange Commission Charges Four Public Companies with Longstanding Internal Control over Financial Reporting Failures
  • U.S. Securities and Exchange Commission Wins US$1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme
  • Singapore Exchange Regulation Proposes to Strengthen Audit and Valuation Rules
  • Shanghai Stock Exchange Issues “Measures for Pilot Management of Credit Protection Instrument Business” and the Supporting Rules
  • Shanghai Stock Exchange Reports on Handling of SSE-listed Companies’ Violations in Information Disclosure in 2018
  • South Africa Releases Consultation Paper on Crypto Assets
  • Canada Business Corporations Act Amends the Requirements Regarding Beneficial Ownership of Privately-owned Corporations
  • Bank of Russia Announces Measures Aimed at Improving Financial Stability of Moscow Industrial Bank
  • European Banking Authority Publishes Report on Crypto-assets
  • European Central Bank Publishes Single Code of Conduct for High-level Officials
  • European Securities and Markets Authority Publishes Advice on Initial Coin Offerings and Crypto-assets
  • European Union Modernizes Company Law Rules Adapted to the Digital Era
  • European Union Adopts Electronic Communications Reform
  • European Council Agrees Position on New Regulatory and Supervision Framework for Investment Firms
  • Financial Conduct Authority of United Kingdom Consults on Cryptoassets Guidance
  • South Africa Financial Sector Conduct Authority Warns the Public against Wig Markets
  • Hong Kong Companies Registry Announces Commencement of the Companies (Amendment) (No. 2) Ordinance 2018 regarding Housekeeping Changes
  • Hong Kong Exchanges and Clearing Limited Enhances Designated Specialist Programme for Exchange Traded Products
  • Hong Kong Special Administrative Region and Mainland Sign Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and Commercial Matters
  • International Monetary Fund Commends Hong Kong’s Strong Buffers and Prudent Policy Frameworks for Ensuring Continued Stability
  • Hong Kong Monetary Authority Issues Circular on Basel Committee’s Revised Market Risk Standards
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Conclusions on Proposed Changes to Review Structure for Listing Committee Decisions
  • International Organization of Securities Commissions Publishes a Statement on Disclosure of Environmental, Social and Governance Matters by Issuers
  • International Organization of Securities Commissions Issues Good Practices to Assist Audit Committees in Supporting Audit Quality
  • London Stock Exchange Trading Technolog Selected by ATOM Group to Power the AAX Digital Asset Exchange
  • Monetary Authority of Singapore Revises Code on Take Overs and Mergers to Clarify Application for Dual Class Share Companies
  • Monetary Authority of Singapore Halts Securities Token Offering for Regulatory Breach
  • U.S. Securities and Exchange Commission Emergency Action Charges Texas Real Estate Developer for Multi-Million U.S. Dollar Offering Fraud
  • Hong Kong Market Misconduct Tribunal Sanctions China AU Group Holdings Limited’s Former CEO and Related Persons for False Trading
  • Hong Kong Securities and Futures Commission Issues Circular to Licensed Corporations on Revised Financial Return
  • Hong Kong Securities and Futures Commission, Hong Kong Exchanges and Clearing Limited and the Federation of Share Registrars Limited Launch Joint Consultation on Revised Model for an Uncertificated Securities Market
  • Highlights of Speech by Loh Boon Chye, Singapore Exchange CEO, at Nikkei Forum on Building a Digital Marketplace for Capital
  • Shenzhen Stock Exchange Improves Stock Pledged Repo Mechanism to Foster a Better Market Environment for Risk Alleviation
  • United Arab Emirates Securities and Commodities Authority Launches its Capital Market Sustainability Plan
  • Large United Kingdom Listed Companies Required to Apply New Executive Pay Transparency Measures
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