Financial Services Regulatory Update 2019/05/24

  • The Stock Exchange of Hong Kong Limited Imposes Specific Suspension Requirements for Listed Issuers with Disclaimer or Adverse Audit Opinions on their Financial Statements
  • Hong Kong Securities and Futures Commission and the Dutch Authority for the Financial Markets Sign Memorandum of Understanding on Netherlands-Hong Kong Mutual Recognition of Funds
  • Hong Kong Securities and Futures Commission Issues Circular on Recent Inspection Findings Related to Client Facilitation
  • Hong Kong Securities and Futures Commission and Independent Commission Against Corruption Operation Leads to Charging of Ex-Convoy Global Holdings Limited Director Cho Kwai Chee
  • Hong Kong Securities and Futures Commission Suspends Gransing Securities Co., Limited’s Chairperson Oei Hong Eng for Eight Months
  • Hong Kong Securities and Futures Commission Bans a Former Licensed Representative of China Galaxy International Securities (Hong Kong) Co., Limited for 30 Months
  • Hong Kong Monetary Authority Grants Stored Value Facility Licenses
  • Hong Kong Monetary Authority and Bank of Thailand Sign Memorandum to Foster Fintech Collaboration
  • The Listing Committee of Stock Exchange of Hong Kong Limited Censures GT Group Holdings Limited and a Number of its Current and Former Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • The Stock Exchange of Hong Kong Limited’s Announcement – in Relation to the Matter of China Huishan Dairy Holdings Company Limited (Provisional Liquidators Appointed) Proceeding to Third Stage of Delisting Procedures
  • The Listing Committee of Stock Exchange of Hong Kong Limited Censures Weiqiao Textile Company Limited and Three of its Current Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • The Stock Exchange of Hong Kong Limited Seeks Views on Strengthening ESG Rules and Publishes Guidance Materials on ESG and Gender Diversity
  • Insurance Authority of Hong Kong Commences Direct Regulation over Insurance Intermediaries on September 23, 2019
  • Hong Kong Competition Commission Welcomes Judgments in Hong Kong’s First Two Competition Cases
  • Hong Kong Competition Commission Publishes Cooperation and Settlement Policy
  • U.S. Securities and Exchange Commission Proposes Amendments to More Appropriately Tailor the Accelerated and Large Accelerated Filer Definitions
  • U.S. Securities and Exchange Commission Proposes Actions to Improve Cross-Border Application of Security-Based Swap Requirements
  • Competition and Markets Authority of the United Kingdom Launches Inquiry Relating to the Anticipated Acquisition of First Data Corporation by Fiserv, Inc.
  • People’s Bank of China and Monetary Authority of Singapore Renew Bilateral Currency Swap Arrangement
  • Monetary Authority of Singapore and Asia-Pacific Future Financial Research Institute Co-operate to Promote FinTech Innovation
  • Singapore Exchange Updates Rules on Securities Trading and Market Practices
  • Singapore Exchange Launches Securities Market “Trade at Close” Session
  • Keynote Remarks by Loh Boon Chye, Singapore Exchange CEO, at REITs Symposium 2019 on the Development of Singapore REITs
  • European Parliament Adopts New Whistle-blowers Rules
  • European Securities and Markets Authority Issues Two Positive Opinions on National Product Intervention Measures Relating to Binary Options and Contracts for Differences
  • European Securities and Markets Authority Announces Public Consultation by the Working Group on Euro Risk-free Rates on the Euro Overnight Index Average to Euro Short-term Rate Legal Action Plan
  • European Commission Fines Barclays, RBS, Citigroup, JPMorgan and MUFG Bank €1.07 Billion for Participating in Foreign Exchange Spot Trading Cartel
  • China Releases Notice on Conducting the Joint Reporting of Annual Investments and Operations Information of Foreign-Invested Enterprises in 2019
  • Shenzhen Stock Exchange and China Energy Investment Corporation Co., Ltd. Deepen Cooperation
  • Shenzhen Stock Exchange Publishes Guidance on Disclosure of Restructuring Information to Implement Market-oriented Reforms in Merger and Acquisitions and Restructurings
  • Australian Securities and Investments Commission Revokes Dual Authorization of 58 Australian Finance Services License Holders
  • Australian Securities and Investments Commission Consults on Lifting Standards and Transparency of Complaints Handling
  • Asia-Pacific Economic Cooperation Launches Digital Economy Partnership Agreement Negotiations
  • Cyprus Securities and Exchange Commission Issues Circular on Automated Screening Systems to Enhance Customer Due Diligence Measures
  • Cyprus Securities and Exchange Commission Issues Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
  • Cyprus Securities and Exchange Commission Issues Findings of Desk-based Reviews Regarding Capital Adequacy Forms
  • Belgian Real Estate Investment Trusts Allows to Raise Capital Through Accelerated Bookbuild
  • Nordic and Baltic Financial Supervisors Enhance Cooperation to Fight Money Laundering
  • Autorité des Marchés Financiers and Israel Securities Authority Sign Cooperation Agreement to Encourage Innovation
  • Abu Dhabi Global Market Enhances Guidance on Regulation of Crypto Asset Activities
  • Isle of Man Financial Services Authority Issues Consultation Responses in respect of the draft Insurance (Group Supervision) Regulations 2019 and the draft Corporate Governance Code of Practice for Designated Insurers
  • Vietnam Issues Guidelines on the Initial Public Offering of Shares and Transfer of State Capital by Book Building Method
  • The Memorandum of Understanding on Mutual Recognition of Funds between Hong Kong Securities and Futures Commission and Financial Conduct Authority of the United Kingdom is Revised
  • Futures Trader Convicted of Market Manipulation in a Prosecution Brought by Hong Kong Securities and Futures Commission
  • HKSAR Government Offers Inaugural Green Bond
  • Hong Kong Exchanges and Clearing Limited Extends After-hours Trading Session on June 17, 2019
  • Citibank (Hong Kong) Limited is Convicted of Direct Marketing Offense Stemming from a Complaint Received by the Office of the Privacy Commissioner for Personal Data, Hong Kong
  • Commissions Enhanced Multilateral Memorandum of Understanding Concerning Cross-Border Enforcement
  • U.S. Securities and Exchange Commission Obtains Emergency Order Halting Alleged Diamond-Related ICO Scheme Targeting Hundreds of Investors
  • Financial Conduct Authority of the United Kingdom Publishes Statement on the Launch of the Finalized Cost Transparency Initiative Templates
  • Financial Conduct Authority of the United Kingdom Reports on Cryptoassests and Forex Investment Scams
  • China Securities Regulatory Commission Announces the Progress of Investigation into Kangmei Pharmaceutical Co., Ltd.
  • Shenzhen Stock Exchange Launches Brand New Upgraded of Easy IR
  • Shanghai Stock Exchange Releases Overview and Analysis on 2018 Annual Reports of Listed Companies
  • Shanghai Stock Exchange Replies to Inquiries from Reporters Concerning the Progress for Review of Issuance and Listing on Sci-tech Innovation Board
  • Financial Sector Conduct Authority of South Africa Invites Public Comments on Draft Conduct Standard for Banks
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Financial Services Regulatory Update 2019/05/10

  • Hong Kong Monetary Authority and Securities and Futures Commission Issue Consultation on Further Enhancements to the Over-the-counter Derivatives Regime
  • Retrial of Insider Dealing Case by Market Misconduct Tribunal after Hong Kong Court of Final Appeal Dismisses Leave Application to Appeal
  • Hong Kong Monetary Authority Publishes its Annual Report 2018
  • Hong Kong Monetary Authority Announces Next Steps of Global Financial Innovation Network Cross-border Testing Pilot
  • Hong Kong Monetary Authority Issues Circular on Use of Personal Data in Fintech Development
  • Hong Kong Monetary Authority and International Finance Corporation Host Seminar on Environmental, Social, and Governance and Impact Investing in Infrastructure
  • Roadshow for Potential Green Bond Offering by the Hong Kong Special Administrative Region Government
  • Hong Kong Monetary Authority Introduces Key Measures on Sustainable Banking and Green Finance
  • Hong Kong Monetary Authority Grants Virtual Banking Licenses
  • The Stock Exchange of Hong Kong Limited Updates and Streamlines Guidance Materials
  • Hong Kong Insurance Authority Publishes Consultation Conclusions on Rules Prescribing the Maximum Number of Authorized Insurers for Insurance Agents and the Minimum Requirements for Insurance Brokers
  • U.S. Securities and Exchange Commission Charges Truckload Freight Company with Accounting Fraud
  • U.S. Securities and Exchange Commission and Commodity Futures Trading Commission Issue Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites
  • U.S. Securities and Exchange Commission Proposes to Improve Disclosures Relating to Acquisitions and Dispositions of Businesses
  • U.S. Securities and Exchange Commission Charges Sapphire Glass Manufacturer and Former CEO With Fraud
  • European Securities and Markets Authority Adopts Product Intervention Renewal Decision in Relation to Contracts for Differences
  • European Securities and Markets Authority Submits Technical Advice on Sustainable Finance to the European Commission
  • European Council Adopts Rules on Screening of Foreign Direct Investments
  • European Banking Authority Launches Consultation on Technical Standards on the Standardized Approach for Counterparty Credit Risk
  • Bank of Canada and Monetary Authority of Singapore Conduct Successful Experiment for Cross-border Payments Using Distributed Ledger Technology
  • Monetary Authority of Singapore Updates E-Payments User Protection Guidelines
  • Monetary Authority of Singapore Publishes Consultation Paper on the Proposed Implementation of the Final Basel III Reforms
  • Monetary Authority of Singapore Replies to Questions from the Parliament on Digital Payment Tokens
  • Singapore Exchange, United Overseas Bank Limited and the China Chamber of International Commerce Sign Memorandum of Understanding to Help Chinese Enterprises Use Singapore as a Launchpad for ASEAN Expansion
  • Financial Conduct Authority of the United Kingdom Publishes Statement on Delay to Publication of Final Rules for Contract for Differences Products and Contract for Differences-like Options
  • Financial Conduct Authority of the United Kingdom Sets out Progress and Next steps in Promoting Innovation in Financial Services
  • Financial Conduct Authority of the United Kingdom Begins Review of Financial Advice Market
  • Financial Conduct Authority of the United Kingdom Publishes Discussion Paper on Intergenerational Finance
  • Financial Conduct Authority of the United Kingdom Does Not Regulate Issuing Mini-bonds activity
  • Financial Conduct Authority of the United Kingdom Changes Mortgage Advice Rules to Encourage Consumer Choice
  • Financial Conduct Authority of the United Kingdom Encourages Policy Makers to Use Power of Attorney Guide
  • Shanghai Stock Exchange Revises Certain Articles of the Rules Governing the Listing of Stocks on Shanghai Stock Exchange
  • Australian Securities and Investments Commission Suspends Australasia Wealth Services and Management’s Australian Financial Services License
  • Australian Securities and Investments Commission Urges Financial Institutions to Plan for London Interbank Offered Rate Transition
  • Luxembourg Commission de Surveillance du Secteur Financier Publishes Circular on the “Third Country” National Regime under MIFID II/MiFIR
  • Financial Supervisory Authority of Finland Supervises Virtual Currency Providers
  • Vietnam Approves the Project “Restructuring of the securities market and the insurance market up to 2020 and orientation to 2025”
  • Thailand Securities and Exchange Commission Issues New Registered Capital Rules of Securities Companies
  • World Federation of Exchanges Publishes Annual Sustainability Survey
  • Dubai Financial Services Authority Invites Applications for its 2019 Regulatory Sandbox “Summer Cohort”
  • United Arab Emirates Signs Memorandum of Understanding with Abu Dhabi Global Market and International Bank for Reconstruction and Development to Establish the International Technology Center
  • Ras Al Khaimah Courts of United Arab Emirates and Abu Dhabi Global Market Courts Formulate Their Procedures for the Enforcement of Judgments
  • Autorité des Marchés Financiers Adopts a New Regime for Crypto-assets
  • International Tax Authority of the British Virgin Islands Publishes Economic Substance Code
  • Hong Kong Exchanges and Clearing Limited Signs Memorandum of Understanding with Shanghai Ganglian E-Commerce and Wuxi Stainless Steel Exchange
  • Hong Kong International Arbitration Center Becomes the First International Arbitration Institution Authorized to Administer Disputes in Russia
  • Hong Kong Privacy Commissioner for Personal Data Urges Organizations to Adopt the Three Data Stewardship Values of Data Ethics
  • Shenzhen Stock Exchange and Indonesia Stock Exchange Reach Consensus on Jointly Building a China-Indonesia SME Capital Market Service Plan
  • Shenzhen Stock Exchange and Dhaka Stock Exchange of Bangladesh Launch the Market Coordination Mechanism
  • Shenzhen Stock Exchange Holds Seminar on Local Government Bond ETFs
  • Hong Kong Mortgage Corporation Limited Launches Policy Reverse Mortgage Program
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