Financial Services Regulatory Update 2019/06/28

  • Australian Securities and Investments Commission Approves Australian Financial Complaints Authority Rules Change for Legacy Complaints
  • Cayman Islands Monetary Authority Introduces Anti-Money Laundering and Countering the Financing of Terrorism Reporting Requirement
  • Hong Kong Securities and Futures Commission and Independent Commission Against Corruption Search Sponsor Firms
  • Hong Kong Securities and Futures Commission Publishes Annual Report 2018-19
  • Hong Kong Securities and Futures Commission Issues Circular to Licensed Corporations on Foreign Exchange Margin Trading on the Mainland and Other Unregulated Activities
  • Hong Kong Securities and Futures Commission and China Securities Regulatory Commission Reach an Agreement on a Cooperative Framework to Facilitate Coordinated Investigations
  • Hong Kong Market Misconduct Tribunal Fines Health and Happiness (H&H) International Holdings Ltd and its Chairman HK$3.2 Million in Total for Late Disclosure of Inside Information Following Proceedings Brought by Hong Kong Securities and Futures Commission
  • Hong Kong Securities and Futures Commission Reprimands and Fines Credit Suisse (Hong Kong) Limited and Credit Suisse AG HK$2.8 million for Regulatory Breaches
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to 9 Brokers to Freeze Client Accounts Linked to Suspected Market Manipulation of China Ding Yi Feng Shares
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to 14 Brokers to Freeze Client Accounts Linked to Suspected Market Manipulation of Smartac Group China Holdings Limited
  • Hong Kong Securities and Futures Appeals Tribunal Affirms Hong Kong Securities and Futures Commission Decision to Reprimand and Fine FT Securities Limited HK$3.5 Million
  • Highlights of Speeches by Ms. Julia Leung, Deputy Chief Executive Officer and Executive Director, Intermediaries of Hong Kong Securities & Futures Commission at Compliance Forum 2019
  • Highlights of the Speech by Ms. Julia Leung, Deputy Chief Executive Officer and Executive Director, Intermediaries of Hong Kong Securities & Futures Commission at 2019 Risk Hong Kong Conference
  • Hong Kong Privacy Commissioner for Personal Data Requests Operators of Related Online Social Media Platforms and Discussion Forums to Discharge Their Legal and Corporate Ethical Responsibilities
  • Australian Securities and Investments Commission Calls on Listed Entities to Focus on Major Financial Reporting Changes and Other Focuses
  • Australian Securities and Investments Commission Issues Guidance to Financial Service Licensees to Protect against Share Sale Fraud
  • Australian Securities and Investments Commission Releases Reports on Decisions to Cut Red Tape
  • Competition Commission of Switzerland Fines 5 Banks CHF 90 Million for Participating in Foreign Exchange Spot Trading Cartel
  • China Securities Regulatory Commission and Financial Conduct Authority of the United Kingdom Release the Joint Announcement on Shanghai-London Stock Connect
  • Cyprus Securities and Exchange Commission Adopts European Securities and Markets Authority’s Guidelines on Central Counterparties Conflict of Interest Management
  • European Securities and Markets Authority Issues Additional Positive Opinions on National Product Intervention Measures Relating to Binary Options
  • Financial Conduct Authority of the United Kingdom Publishes Final Report in Relation to Royal Bank of Scotland’s Global Restructuring Group
  • Financial Conduct Authority of the United Kingdom Publishes its First Annual Report on the Perimeter
  • Financial Conduct Authority of the United Kingdom Fines Bank of Scotland for Failing to Report Suspicions of Fraud
  • Hong Kong Exchanges and Clearing Limited Welcomes its First Listing of Active ETF
  • Hong Kong Exchanges and Clearing Limited Publishes Cash Market Transaction Survey 2018
  • Hong Kong Exchanges and Clearing Limited Announces the Launch of Inline Warrants
  • Hong Kong Monetary Authority Issues Circular on Feedback from Thematic Review of Authorized Institutions’ Application of AML/CFT Controls in the Small and Medium-sized Enterprises Segment
  • Hong Kong Monetary Authority Issues Guidance on Currency Conversion Arrangement under Stock Connect
  • Hong Kong Monetary Authority Announces the Publication of the Global Financial Innovation Network’s “One Year On” Report
  • Hong Kong Monetary Authority Issues Circular on Observations of Mystery Shopping Program in respect of Account Opening by Authorized Institutions in Hong Kong
  • The Stock Exchange of Hong Kong Limited Issues Announcement in Relation to the Matter of Heng Xin China Holdings Limited Cancellation of Listing
  • The Stock Exchange of Hong Kong Limited Issues Announcement in Relation to the Matter of Midas Holdings Limited Proceeding to Third Stage of Delisting Procedures
  • The Stock Exchange of Hong Kong Limited Issues Announcement in Relation to the Matter of Centron Telecom International Holding Limited (and Together with its Subsidiaries) Proceeding to Third Stage of Delisting Procedures
  • The Stock Exchange of Hong Kong Limited Issues Announcement in Relation to the Matter of Ding He Mining Holdings Limited Proceeding to Third Stage of Delisting Procedures
  • International Association of Insurance Supervisors Embarks on New Strategic Direction
  • China Merchants Bank’s Euro-denominated Bond Launches on Luxembourg Stock Exchange
  • Singapore and United Kingdom Enhance Cooperation in Data Connectivity, Talent Development, Green Finance and Cybersecurity
  • Beauty Product Company is Convicted of Direct Marketing Offense Stemming from a Complaint Received by the Office of the Privacy Commissioner for Personal Data, Hong Kong
  • KPMG LLP Pays US$50 Million Penalty to Settle U.S. Securities and Exchange Commission’s Charges for Illicit Use of Public Company Accounting Oversight Board Data and Cheating on Training Exams
  • Industrial and Commercial Bank of China Affiliate Pays More Than US$42 Million to Settle U.S. Securities and Exchange Commission’s Charges for Improper Handling of American Depositary Receipts
  • Wedbush Securities Inc. Pays More Than US$8.1 Million to Settle U.S. Securities and Exchange Commission’s Charges for Improper Handling of American Depositary Receipts
  • U.S. Securities and Exchange Commission Adopts Amendments to Improve the Application of the Auditor Independence Rules to Loan Provision
  • U.S. Securities and Exchange Commission, North American Securities Administrators Association and Financial Industry Regulatory Authority Issue Senior Safe Act Fact Sheet to Help Promote Greater Reporting of Suspected Senior Financial Exploitation
  • U.S. Securities and Exchange Commission Charges Walmart with Foreign Corrupt Practices Act Violations
  • Opening Ceremony of Shanghai International Center for Communication and Cooperation between Exchanges Holds
  • Shanghai Stock Exchange Sci-Tech Innovation Board Market Debuts
  • Shenzhen Stock Exchange Spokesperson Answers Reporters’ Questions on Auditing of Listed Companies’ 2018 Annual Reports
  • The 2019 Roadshow of Scientific and Technological Achievements of the Chinese Academy of Sciences Holds in Shenzhen Stock Exchange
FS_Regulatory_Update_JML_20190628

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Financial Services Regulatory Update 2019/06/14

  • Hong Kong Court of Appeal Dismisses Application of Andrew Left for Leave to Appeal to the Court of Final Appeal against the Determinations of the Market Misconduct Tribunal
  • Hong Kong Securities and Futures Commission Reprimands and Fines China Merchants Securities (HK) Co., Limited HK$27 million for Sponsor Failures
  • Hong Kong Securities and Futures Commission Reprimands and Fines China Merchants Securities (HK) Co., Limited HK$5 million for Mishandling Client Money
  • Hong Kong Securities and Futures Commission Bans Wong Ka Hang for nine months
  • Hong Kong Securities and Futures Commission Issues Circular to Credit Rating Agencies on Credit Rating Model Risk Management
  • Hong Kong Securities and Futures Commission Issues Circular on Third-party Deposits and Payments
  • Hong Kong Securities and Futures Commission Seeks Disqualification Order against Former Chief Financial Officer of Fujian Nuoqi Co., Ltd.
  • Hong Kong Securities and Futures Commission Issues Announcement in Respect of High Concentration of Shareholding in Best Mart 360 Holdings Limited
  • Hong Kong Monetary Authority Issues E-banking Alert: Beware of Unauthorized Small-value Payment Transactions
  • Hong Kong Monetary Authority Issues Circular Regarding Frequently Asked Questions Published by Securities and Futures Commission on Disclosure of Investigations Commenced by Licensed Corporations in the Notifications of Cessation of Accreditation
  • The Stock Exchange of Hong Kong Limited Publishes Latest Guidance Letter on Long Suspension and Delisting
  • The Stock Exchange of Hong Kong Limited Serves Notice on Sanai Health Industry Group Company Limited to Suspend Trading in its Shares
  • The Stock Exchange of Hong Kong Limited Publishes Exchange Notice – Suspension of Trading in Relation to Combest Holdings Limited
  • Hong Kong Exchanges and Clearing Limited Signs Memorandum with Beijing Antaike Information
  • Hong Kong Exchanges and Clearing Limited Welcomes its First Listing of Two-Time Inverse Product
  • Auction Company is Convicted of Direct Marketing Offense Stemming from a Complaint Received by the Office of the Privacy Commissioner for Personal Data, Hong Kong
  • Office of the Privacy Commissioner for Personal Data, Hong Kong and Singapore’s Personal Data Protection Commission Sign Memorandum of Understanding to Strengthen Cooperation in Personal Data Protection
  • Hong Kong Privacy Commissioner for Personal Data Publishes Investigation Report on the Data Breach Incident of Cathay Pacific Airways Limited and Hong Kong Dragon Airlines Limited
  • Hedge Fund Adviser Settles U.S. Securities and Exchange Commission Charges to Pay US$5 Million for Compliance Failures Related to Valuation of Fund Assets
  • U.S. Securities and Exchange Commission Charges Issuer with Conducting US$100 Million Unregistered Initial Coin Offering
  • U.S. Securities and Exchange Commission Adopts Rules and Interpretations to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships with Financial Professionals
  • Financial Conduct Authority of the United Kingdom Confirms Extension of The Temporary Permission Regime Deadline
  • Financial Conduct Authority of the United Kingdom Publishes Decision Notices Concerning Cathay International Holdings Limited, its CEO and Finance Director
  • Financial Conduct Authority of the United Kingdom Confirms New Rules for P2P Platforms
  • Financial Conduct Authority of the United Kingdom and the Dutch Authority for the Financial Markets Agree on Closer Partnership
  • Financial Conduct Authority of the United Kingdom Confirms Biggest Shake-up to the Overdraft Market
  • European Securities and Markets Authority Launches Call for Evidence on Position Limits in Commodity Derivatives
  • European Securities and Markets Authority Adjusts Application of the Trading Obligation for Shares in a No-Deal Brexit
  • European Union Removes Aruba, Barbados and Bermuda from the List of Non-cooperative Jurisdictions
  • European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities Markets Supervisory Authority Launch Consultation on Technical Standards on the Reporting of Intra-group Transactions and Risk Concentration for Financial Conglomerates
  • Monetary Authority of Singapore Imposes Civil Penalty of SGD336,000 on Tham Wai Mun Raphael for Insider Trading
  • China Securities Regulatory Commission Directs the Launch of Transfer Services for Defaulted Bonds
  • Shanghai Stock Exchange Takes Disciplinary Action against Sponsoring Representatives of Application Project for Sci-tech Innovation Board
  • Shanghai Stock Exchange Circulates Notice of Criticism to Corporate Bond Issuers
  • Shenzhen Stock Exchange Conducts Censure on Shenzhen Datong Industrial Co., Ltd. for Its Refusal to Cooperate with the China Securities Regulatory Commission’s Duty Performing According to Law
  • The 1st Special Corporate Bond for Serving the Guangdong-Hong Kong-Macao Greater Bay Area Lands on Shenzhen Stock Exchange
  • The First 30-Year Municipal Bond Launches on Shenzhen Stock Exchange
  • Australian Securities and Investments Commission Updates Information for Businesses on Initial Coin Offerings and Crypto-assets
  • Australian Securities and Investments Commission Releases Market Integrity Report
  • Macquarie Securities (Australia) Limited Pays AUD300,000 Infringement Notice Given by the Markets Disciplinary Panel of Australia
  • Australian Securities and Investments Commission Consults on Proposals to Maintain Investor Protections by Restricting Retail Offers of ‘Stub-equity’
  • Securities and Exchange Surveillance Commission of Japan Makes Recommendation for Administrative Monetary Penalty Payment Order for Market Manipulation of 10-Year Japanese Government Bond Futures by Citigroup Global Markets Limited
  • International Organization of Securities Commissions Publishes Consultation Report on Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms
  • Deutsche Börse’s Regulatory Reporting Hub Starts New Securities Financing Transactions Regulation Services
  • Financial Services Commission of Korea Introduces Deregulatory Measures to Boost Korea’s Derivatives Market
  • Financial Supervisory Authority of Finland Announces Virtual Currency Providers to be Covered by Supervision of Anti-money Laundering
  • Securities and Exchange Board of India Publishes Report of Working Group on “Foreign Portfolio Investors Regulations” for Public Comments
  • The Stock Exchange of Hong Kong Limited Issues Announcement in Relation to the Matter of Asia Coal Limited Cancellation of Listing
  • The Listing Committee of Stock Exchange of Hong Kong Limited Censures Kiu Hung International Holdings Limited and a Number of Its Current and Former Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • Hong Kong Securities and Futures Commission Issues Circular to Intermediaries on Prime Services and Related Equity Derivatives Activities
  • Hong Kong Securities and Futures Commission Issues Circular to Intermediaries – Implementation of Regulatory Requirements for Online and Offline Sale of Complex Products
FS_Regulatory_Update_JML_20190614

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