Financial Services Regulatory Update 2018/12/21

  • The Stock Exchange of Hong Kong Limited Issues FAQ on Treatment of Leases as Impacted by HKFRS / IFRS 16
  • The Stock Exchange of Hong Kong Limited Introduces E-training for Listed Companies’ Directors
  • Hong Kong Securities and Futures Commission Issues Circular to Intermediaries on Distribution of Complex and High-risk Products
  • Hong Kong Securities and Futures Commission Issues Quarterly Report
  • Hong Kong Securities and Futures Commission Issues Circular on Clearing Amendment Rules – Addition of Eight New Calculation Periods
  • Hong Kong Securities and Futures Commission Suspends Chan Ho Wai and Lam Wai Kit for Nine Months for Misconduct in Issuing Research Reports
  • Hong Kong Securities and Futures Commission Bans Kong Kar Bong for 10 Years for Theft and Forgery
  • Hong Kong Securities and Futures Commission Concludes Consultation on OTC Derivatives and Conduct Risks – Addition of Types 11 and 12 Regulated Activities
  • Hong Kong Securities and Futures Commission Announces Agreement to Enhance the Exchange of Information under Stock Connect
  • Hong Kong Securities and Futures Commission Issues Circular in Relation to the Clearing and Record Keeping Rules for the OTC Derivatives Regime – Changes to the List of Persons Designated as Financial Services Providers
  • Hong Kong Securities and Futures Commission Commences Proceedings in Market Misconduct Tribunal against CMBC Capital Holdings Limited and Its Former Directors for Late Disclosure of Inside Information
  • Hong Kong Securities and Futures Commission Issues Circular to Licensed Corporations on Review of Internal Controls for the Protection of Client Assets and Supervision of Account Executives
  • Hong Kong Securities and Futures Commission and China Securities Regulatory Commission Hold High-level Meeting on Enforcement Cooperation
  • Consensus Reached by Shanghai, Shenzhen and Hong Kong Stock Exchanges on Inclusion of Weighted Voting Rights (WVR) Companies in Southbound Trading of Stock Connect
  • The GEM Listing Committee of The Stock Exchange of Hong Kong Limited Censures L & A International Holdings Limited and a Number of Its Current and Former Directors for Breaching the GEM Listing Rules and/or the Director’s Undertaking regarding Improper Grant of Options
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Criticizes Chen Xing Development Holdings Limited for Breaching the Listing Rules and Censures a Number of Its Current Directors for Breaching the Director’s Undertaking regarding Investment in Wealth Management Products
  • The Listing Committee of Stock Exchange of Hong Kong Limited Censures Shenji Group Kunming Machine Tool Company Limited and a Former Director for Breaching the Listing Rules and/or the Director’s Undertaking regarding Improper Disclosure in Announcements
  • The Listing Committee of Stock Exchange of Hong Kong Limited Censures Golden Meditech Holdings Limited and Two of Its Directors and The Listing (Disciplinary Review) Committee on Review Criticizes Four of Its Current and Former Directors for Breaching the Listing Rules and/or the Director’s Undertaking regarding Notifiable Transactions
  • The Stock Exchange of Hong Kong Limited Announces Cancellation of Listing of Anxin-China Holdings Limited
  • Hong Kong Monetary Authority Issues an Update on the Processing of Virtual Banking Applications
  • HKMC Annuity Plan Introduces Enhancement Measures and Continuous Sales Model
  • International Monetary Fund Commends Hong Kong’s Strong Buffers and Robust Policy Frameworks Despite Increasing Global Risks
  • Insurance Authority of Hong Kong and Office of Insurance Commission of Thailand Sign Memorandum of Understanding
  • U.S. Securities and Exchange Commission Halts Alleged Insider Trading Ring Spanning Three Countries
  • Highlights of Speech by Steven Peikin, Co-Director, Division of Enforcement, U.S. Securities and Exchange Commission on the Salutary Effects of International Cooperation on Enforcement
  • Three Broker-Dealers to Pay More Than US$6 Million in Penalties to U.S. Securities and Exchange Commission for Providing Deficient Blue Sheet Data
  • U.S. Securities and Exchange Commission Charges Agria Corporation and Executive Chairman With Fraud
  • U.S. Securities and Exchange Commission Charges The Hain Celestial Group with Internal Controls Failures
  • Three Developers Settle U.S. Securities and Exchange Commission Charges of Fraudulent EB-5 Offering
  • Executives Settle U.S. Securities and Exchange Commission Charges on Initial Coin Offering Scam
  • U.S. Securities and Exchange Commission Charges Former New York Investment Advisor and Daughter with Conducting a Ponzi Scheme
  • Shenzhen Stock Exchange Improves Corporate Bond Regulations to Boost Sound Development of Bond Market
  • Bank of New York Mellon to Pay More Than US$54 Million to Settle U.S. Securities and Exchange Commission’s Charges for Improper Handling of American Depositary Receipts
  • U.S. Securities and Exchange Commission Charges Charges Former Panasonic Executives for Breaching Federal Securities Law
  • Financial Conduct Authority of the United Kingdom Proposes Permanent Measures for Retail Contracts for Difference and Binary Options
  • Financial Conduct Authority of the United Kingdom Proposes Changes to Facilitate Investment in Patient Capital
  • Financial Conduct Authority of the United Kingdom Publishes New Rules for Claims Management Companies to Boost Consumer Protection and Professionalism
  • Financial Conduct Authority of the United Kingdom Publishes Findings on Long-term Mortgage Arrears
  • Australian Securities and Investments Commission Consults on Measures to Restrict Offers to Retail Investors of Stub-equity in Proprietary Companies
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Financial Services Regulatory Update 2018/12/07

  • China Securities Regulatory Commission and Hong Kong Securities and Futures Commission Sign Memorandum of Understanding to Enhance Supervisory Cooperation and Exchange of Information of Cross-Boundary Regulated Entities
  • Hong Kong Securities and Futures Commission and China Securities Regulatory Commission Hold Joint Training on Digital Forensics
  • Highlights of Speech by Mr. Brian Ho, Executive Director, Corporate Finance of the Hong Kong Securities & Futures Commission, at the 12th Annual Conference of the Hong Kong Investment Funds Association on “Corporate Conduct – Two Years into Front-loaded Regulation”
  • Highlights of Speech by Mr. Ashley Alder, Chief Executive Officer of Hong Kong Securities and Futures Commission at HKSI Institute Roundtable Luncheon on New Approach to Regulation
  • Hong Kong Securities and Futures Commission Issues Circular to Licensed Corporations and Associated Entities Encouraging the Use of e-STR for Suspicious Transaction Reporting
  • Hong Kong Securities and Futures Commission Commences Market Misconduct Tribunal Proceedings against Health and Happiness (H&H) International Holdings Ltd and its Chairman for Late Disclosure of Inside Information
  • Hong Kong Securities and Futures Commission Reprimands and Fines SFM HK Management Limited HK$1.5 Million Over Naked Short Selling
  • Hong Kong Securities and Futures Commission Concludes Consultation on Amendments to the Code on Unit Trusts and Mutual Funds
  • Hong Kong Privacy Commissioner for Personal Data Receives Credit Data Breach Notification from TransUnion Limited
  • Hong Kong Insurance Authority Consults on the Financial and Other Requirements for Licensed Insurance Broker Companies
  • Hong Kong Insurance Authority Publishes Annual Report 2017-18
  • Monetary Authority of Singapore Finalized New Regulatory Framework to Enhance Payment Services in Singapore
  • Monetary Authority of Singapore and Shanghai Municipal Financial Regulatory Bureau Set to Strengthen Financial Linkages
  • Monetary Authority of Singapore Announces New S$30 Million Grant to Enhance Cybersecurity Capabilities in Financial Sector
  • Singapore Exchange Regulation Proposes Changes to Listings Review Process and Regulation of Issue Managers
  • U.S. Securities and Exchange Commission Charges Four in Fraudulent Microcap Manipulation Scheme Orchestrated Through International Accounts
  • U.S. Securities and Exchange Commission Charges Self-Described Promoter with Microcap Market Manipulation Scheme
  • Two Celebrities Charged by U.S. Securities and Exchange Commission with Unlawfully Touting Coin Offerings
  • Shanghai Stock Exchange Implements China Securities Regulatory Commission’s Guiding Opinions, Accelerates Revision of Rules for Trading Suspension and Resumption
  • Shanghai Stock Exchange Continues to Optimize and Improve the Stock Connect Mechanism
  • Shanghai Stock Exchange Issues New Rules on Compulsory Delisting for Serious Violations
  • Shenzhen Stock Exchange Severely Cracks down on Illegal Possession of Funds by Controlling Shareholders and De Facto Controllers of Listed Companies
  • Shenzhen Stock Exchange Holds the 2018 IT Symposium to Promote the Digital Transformation and Development of the Capital Market
  • Shenzhen Stock Exchange Issues Guidelines Against High-Ratio Bonus Issue and Stock Dividend Distribution
  • Financial Conduct Authority of United Kingdom Announces New Settlement Internalization Reporting Requirement
  • Financial Conduct Authority of the United Kingdom Proposes Introduction of Price Cap on Rent-to-Own Firms to Protect Vulnerable Consumers from High Costs
  • Highlights of Speech by Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority of the United Kingdom on Regulation of Cryptoassets
  • Financial Conduct Authority of the United Kingdom Publishes Decision Notice against Former CEO of Sonali Bank (UK) Ltd for Anti-money Laundering Failings
  • SIX Swiss Exchange Hosts World’s First Crypto Index ETP Listing by Amun
  • Australian Securities and Investments Commission Urges Financial Advisers to Ensure Registration by December 31, 2018
  • Highlights of Speech by Cathie Armour, Commissioner, Australian Securities and Investments Commission on Recent Initiatives to Strengthen Underwriting Standards
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