Financial Services Regulatory Update 2020/06/26

  • Hong Kong Securities and Futures Commission Publicly Criticizes CICC Financial Trading Limited and China International Capital Corporation Limited for Breaches of Takeovers Code
  • Hong Kong Securities and Futures Commission Reprimands and Fines Guotai Junan Securities (Hong Kong) Limited HK$25.2 million for Breaches Relating to Anti-Money Laundering and Other Regulatory Requirements
  • Hong Kong Securities and Futures Commission Bans Former Responsible Officer of Guosen Securities (HK) Brokerage Company, Limited for 12 Months for Failure to Discharge Duties as A Responsible Office and Senior Management Member
  • Hong Kong Exchanges and Clearing Limited to Launch New Sustainable and Green Exchange
  • U.S. Financial Regulators Modify Volcker Rule
  • U.S. Securities and Exchange Commission Charges Insurance Company and Former CFO With Faulty Loss Reserves Disclosures
  • U.S. Securities and Exchange Commission Emergency Action Halts Cryptocurrency Offering Fraud
  • U.S. Securities and Exchange Commission Charges Issuer, CEO, and Lobbyist with Defrauding Investors in AML BitCoin
  • Lenders Win Cayman Islands Court Order Seeking to Wind Down Entities Controlled by the Family of Luckin Coffee Inc. Chairman Lu Zhengyao
  • China Securities Regulatory Commission Releases Arrangements for the Reform of the ChiNext Board and the Pilot Project of the Registration-Based IPO System
  • Shenzhen Stock Exchange Optimizes the System of Continuous Regulatory Rules for the ChiNext Board
  • Shenzhen Stock Exchange News Spokesman Answers Questions from Reporters on Official Announcement of Supporting Business Rules for the Reform of the ChiNext Board and the Pilot Project of the Registration-based IPO System
  • Shenzhen Stock Exchange Releases the Integrated and Revised Business Guides for Listed Companies
  • Shanghai Stock Exchange Announces Methodology of SSE Composite Index to be Revised
  • Shanghai Stock Exchange Announces STAR 50 Index to be Launched
  • Monetary Authority of Singapore Consults on its Proposed Environmental Risk Management Guidelines for Financial Institutions
  • Financial Conduct Authority of the United Kingdom Reminds Crypto-asset Businesses to Register Before the End of June
  • Financial Conduct Authority of the United Kingdom Announces Proposals to Make Mini-bond Marketing Ban Permanent
  • Australian Securities and Investments Commission Releases Guidance on the Administration of Product Intervention Power
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Financial Services Regulatory Update 2020/06/12

  • Hong Kong Securities and Futures Commission Proposes Changes to The Code on Real Estate Investment Trusts
  • Hong Kong Securities and Futures Commission Concludes Consultation on Regulatory Scope and Competence Requirements of OTC Derivatives Licensing Regime
  • Hong Kong Securities and Futures Commission Bans Kwok Chau Mo for Nine Months for Circumventing Internal Control Policies
  • Hong Kong Court Convicts and Fines Former Director and Shareholder of Wonderful Wealth Group Limited for Unlicensed Activities
  • Hong Kong Securities and Futures Commission Reprimands and Fines Potomac Capital Limited HK$800,000 for Breaching Financial Resources Rules
  • Hong Kong Securities and Futures Commission Publicly Censures Fu Kwan for Breach of the Takeovers Code
  • U.S. Securities and Exchange Commission Awards Nearly US$50 Million to Whistleblower
  • U.S. Securities and Exchange Commission Charges Microcap Fraud Scheme Participants Attempting to Capitalize on the COVID-19 Pandemic
  • U.S. Securities and Exchange Commission Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims
  • U.S. Commodity Futures Trading Commission Unanimously Approves Final Rule Amendments to Registration and Compliance Requirements for Commodity Pool Operators and Commodity Trading Advisors
  • Shanghai Stock Exchange Further Improves First-day Trading Mechanism for Re-listing of Delisted Stocks
  • Shanghai Stock Exchange Releases Notice on Matters Concerning Red-chip Companies Applying for Issuance and Listing on SSE STAR Market
  • Shenzhen Stock Exchange Spokesperson Answers Questions from Reporters on Transitional Arrangements for Review of the Reform of the ChiNext Board and the Pilot Project of the Registration-based IPO System
  • Shenzhen Stock Exchange Issues Information Disclosure Guidelines on Transactions and Related Party Transactions
  • The Response of Monetary Authority of Singapore to Queries on Fund Flows
  • Financial Conduct Authority of the United Kingdom Confirms Guidance for Insurance Firms to Consider the Impact of Covid-19 on Insurance Products Value
  • Singapore Exchange Announces Launch of Singapore Single Stock Futures and Signs MSCI Singapore License Agreement
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Financial Services Regulatory Update 2020/05/29

  • Hong Kong Exchanges and Clearing Limited to Introduce New Initiatives to Enhance Liquidity of ETPs
  • Hong Kong Securities and Futures Commission Reprimands and Fines Southwest Securities (HK) Brokerage Limited HK$5 Million for Breaches of Anti-Money Laundering Regulatory Requirements
  • Hong Kong Securities and Futures Commission Reprimands and Fines Convoy Asset Management Limited HK$6.4 million For Regulatory Breaches Over Bond Recommendation
  • Hong Kong Securities and Futures Commission Seeks Court Order to Wind Up Combest Holdings Limited
  • Hong Kong Securities and Futures Commission Welcomes Re-appointment of Chief Executive Officer
  • Hong Kong Exchanges and Clearing Limited Signs Agreement with MSCI to License Indexes to Launch Asia and Emerging Markets Futures and Options Contracts
  • The Hong Kong Monetary Authority Releases Report on Fintech Adoption and Innovation in the Hong Kong Banking Industry
  • U.S. Securities and Exchange Commission Orders Credit Rating Agency to Pay US$3.5 Million for Conflicts of Interest Violations
  • U.S. Securities and Exchange Commission Adopts Amendments to the CAT NMS Plan to Improve Transparency and Financial Accountability
  • U.S. Securities and Exchange Commission Awards Over US$27 Million to Whistleblower
  • U.S. Securities and Exchange Commission Adopts Amendments to Improve Financial Disclosures about Acquisitions and Dispositions of Businesses
  • U.S. Commodity Futures Trading Commission Issues COVID-19 Customer Advisory on Commodity Exchange-Traded Products and Funds
  • Shanghai Stock Exchange Issues Notice of Matters Concerning Launching Pilot Program for Public Issuance of Short-Term Corporate Bonds
  • China Securities Regulatory Commission Approves Very Low-sulfur Fuel Oil Futures Trading
  • Financial Conduct Authority of the United Kingdom Announces Proposals to Continue Support for Customers Struggling to Pay the Mortgage due to Coronavirus (Covid-19)
  • Financial Conduct Authority of the United Kingdom Launches Consultation on Additional Guidance for Payments Firms to Strengthen Their Way of Looking After Customers’ Money
  • Monetary Authority of Singapore Launches New S$6 Million Grant Scheme to Support Singapore FinTech Firms
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Financial Services Regulatory Update 2020/05/15

  • Hong Kong Securities and Futures Commission Reprimands and Fines Mega International Commercial Bank Co., Ltd. HK$7 Million for Regulatory Breaches over CIS Sale
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders against Former Directors of EganaGoldpfeil (Holdings) Ltd
  • Hong Kong Securities and Futures Commission Obtains Court Order against Shandong Molong Petroleum Machinery Company Limited
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures Mr Zhang Yun, Former Executive Director of Kiu Hung International Holdings Limited (Stock Code 381), for Failure to Comply with A Direction on Training and the Listing Rules
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures Kong Sun Holdings Limited (Stock Code: 295) and Seven of its Current and Former Directors for Breaching the Listing Rules and the Director’s Undertaking
  • The Hong Kong Competition Commission Reminds Businesses Participating in Anti-epidemic Subsidy Programs to Adhere to the Competition Ordinance
  • The Hong Kong Insurance Authority Grants Authorization under Fast Track to the Fourth Virtual Insurer
  • The Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission Initiates the Establishment of the Green and Sustainable Finance Cross-Agency Steering Group
  • U.S. Securities and Exchange Commission Charges Companies and CEO for Misleading COVID-19 Claims
  • U.S. Securities and Exchange Commission Charges Bloomberg Tradebook for Order Routing Misrepresentations
  • U.S. Securities and Exchange Commission Charges Morgan Stanley Smith Barney with Providing Misleading Information to Retail Clients
  • U.S. Commodity Futures Trading Commission Orders Trader and his Firm for Wash Sales
  • U.S. Commodity Futures Trading Commission Files Charges in US$20 Million International Binary Options and Digital Asset Fraud Scheme
  • Shanghai Stock Exchange STAR Companies Release Annual Reports with Highlights
  • Shenzhen Stock Exchange’s Press Conference on the Publication of the Business Rules for Reform of the ChiNext Board and Piloting the Registration-based System
  • Shenzhen Stock Exchange Advances the Pilot Project for Publicly Offered REITs with All-out Efforts
  • Shenzhen Stock Exchange Releases Five Themed Stock Indexes with Characteristics Including Public Health and Yangtze River 100
  • Australian Securities and Investments Commission Warns Consumers: Investment Advertising Is Not Always ‘True to Label’
  • Australian Securities and Investments Commission Defers Commencement of Mortgage Broker Reforms and Design and Distribution Obligations
  • The Financial Services Regulatory Initiatives Forum of the United Kingdom Launches the Grid to Help Financial Firms’ Planning
  • The Monetary Authority of Singapore Introduces Temporary Measures to Allow Electronic Dissemination of Rights Issue and Take-over Documents

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Financial Services Regulatory Update 2020/05/01

  • Hong Kong Securities and Futures Commission Cautions on Crude Oil Futures and ETFs
  • Hong Kong Securities and Futures Commission’s Regulatory Response to COVID-19
  • Hong Kong Securities and Futures Commission Issues Circular to Licensed Corporations on Management of Cybersecurity Risks Associated with Remote Office Arrangements
  • Hong Kong Securities and Futures Commission Reprimands and Fines BOCOM International Securities HK$19.6 Million for Internal Control Failures
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders against Former Directors of Long Success International (Holdings) Limited
  • Hong Kong Court Sentenced Unlicensed Fund Manager to Community Service
  • Hong Kong Securities and Futures Commission Updates Frequently Asked Questions Relating to Real Estate Investment Trusts
  • Hong Kong Securities and Futures Commission Signs Memorandum of Understanding with Hong Kong Competition Commission
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Criticizes China Ding Yi Feng Holdings Limited (Stock Code: 612), and Censures or Criticizes a Number of Its Former and Current Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures or Criticizes a Number of Former Directors of Champion Technology Holdings Limited (Stock Code: 92) and/or Kantone Holdings Limited (Stock Code: 1059) For Breaching the Listing Rules
  • Hong Kong Exchanges and Clearing Limited Extends Consultation Period for Consultation Paper on Corporate WVR Beneficiaries
  • Hong Kong Exchanges and Clearing Limited to Implement Volatility Control Mechanism First Phase Enhancements on May 11, 2020
  • Officials from Relevant Departments of China Securities Regulatory Commission Answer Questions Regarding Luckin Coffee’s Accounting and Reporting Improprieties
  • U.S. Securities and Exchange Commission Orders Three Self-Reporting Advisory Firms to Reimburse Investors as Part of its Share Class Selection Disclosure Initiative to More Than US$139 Million
  • U.S. Securities and Exchange Commission Files Charges Against Praxsyn Corp. and its CEO for COVID-19 Scam
  • New York Federal Court Orders Defendants to Pay More Than US$595,000 for Forex Solicitation Fraud and Misappropriation
  • Financial Conduct Authority of the United Kingdom Publishes Payment Protection Insurance (PPI) Complaints Deadline Final Report
  • Financial Conduct Authority of the United Kingdom Commences Civil Proceedings Against 24HR Trading Academy Ltd in Relation to Alleged Unauthorized Investment Advisers
  • Australian Securities and Investments Commission Reports on Corporate Finance Regulation – July to December 2019
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Financial Services Regulatory Update 2020/04/17

  • Hong Kong Securities and Futures Commission Publishes Issue No.52 Takeovers Bulletin
  • Hong Kong Securities and Futures Commission Issues Restriction Notice to Agg. Asset Management Limited
  • Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited (the Exchange) Issued Joint Statement in relation to Results Announcements in light of Travel Restrictions related to the Severe Respiratory Disease associated with a Novel Infectious Agent
  • Hong Kong Securities and Futures Commission Reprimands and Fines HSBC Investment Funds (Hong Kong) Limited and HSBC Global Asset Management (Hong Kong) Limited HK$3.5 million for Regulatory Breaches Over Funds’ Cash Management
  • Hong Kong Securities and Futures Commission, Hong Kong Exchanges and Clearing Limited and the Federation of Share Registrars Limited Release Joint Consultation Conclusions on the Model for an Uncertificated Securities Market
  • Hong Kong Securities and Futures Commission Scrutinizes Leveraged Foreign Exchange Trading
  • Notice Issued under Section 2 of Schedule 2 of the Hong Kong Competition Ordinance regarding the Competition Commission of Hong Kong’s Proposal to Accept Commitments in Online Travel Agents Case
  • China Securities Regulatory Commission Pays Close Attention to Luckin Coffee Inc.’s Financial Fraud
  • U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations Publishes Risk Alerts Providing Advance Information Regarding Inspections for Compliance with Regulation Best Interest and Form CRS
  • U.S. Securities and Exchange Commission Adopts Offering Reforms for Business Development Companies and Registered Closed-End Funds
  • U.S. Securities and Exchange Commission Provides Temporary and Conditional Relief for Business Development Companies Making Investments in Small and Medium-sized Businesses
  • U.S. Securities and Exchange Commission Enhances Standards for Critical Market Infrastructure
  • Shenzhen Stock Exchange Refines Arrangements on Postponement of Disclosure of Annual Reports
  • Shanghai Stock Exchange Implements Arrangements for Extending Disclosure of Annual Reports to Strengthen and Enhance All-round Service for Listed Companies
  • Shenzhen Stock Exchange Signs Memorandum of Understanding with Bursa Malaysia to Further Explore Areas and Channels of Cross-border Collaboration
  • U.S. Commodity Futures Trading Commission Charges Florida Man and His Companies in Fraudulent Forex and Digital Asset Scheme
  • The Monetary Authority of Singapore Takes Regulatory and Supervisory Measures to Help Financial Institutions Focus on Supporting Customers
  • Australian Securities and Investments Commission Updates Guidance on Internal Market Making
  • Details of Changes to Australian Securities and Investments Commission Regulatory Work and Priorities in Light of COVID-19
  • The European Commission Provides “Temporary Framework Communication” to Guide on Allowing Limited Cooperation Among Businesses in Response to Urgent Situations Related to Current Coronavirus Outbreak

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Financial Services Regulatory Update 2020/04/03

  • Hong Kong Market Misconduct Tribunal Finds Magic Holdings International Limited and Its Directors Culpable of Late Disclosure of Inside Information
  • Hong Kong Securities and Futures Commission Issues Guidance to Fund Industry Amidst COVID-19 Outbreak
  • Hong Kong Securities and Futures Commission Extends Three Deadlines for Implementation of Regulatory Expectations and Issues Reminder of Order Recording Requirements under COVID-19 Pandemic
  • The Hong Kong Monetary Authority and Hong Kong Securities and Futures Commission Issues Consultation on Annual Update to the List of Financial Services Providers under the OTC Derivatives Regulatory Regime
  • The Hong Kong Monetary Authority Publishes A Study of the Impact of Future Initial Public Offerings on Hong Kong Inter-bank Offered Rate
  • Hong Kong Securities and Futures Commission Sanctions China Rise Securities Asset Management Company Limited’s Former Responsible Officers
  • Hong Kong Securities and Futures Commission Bans Mo Shau Wah for Life
  • Hong Kong Exchanges and Clearing Limited Welcomes Its First Listing of Iron Ore Futures ETF
  • Survey Conducted by Hong Kong Exchanges and Clearing Limited Finds Significant Growth in Hong Kong Derivatives Market
  • U.S. Commodity Futures Trading Commission Issues Final Interpretive Guidance on Actual Delivery for Digital Assets
  • U.S. Securities and Exchange Commission Charges Unregistered Penny Stock Dealer
  • U.S. Securities and Exchange Commission Provides Conditional Regulatory Relief for Registered Transfer Agents and Certain Other Persons Affected by the Coronavirus Disease 2019 (COVID-19)
  • U.S. Securities and Exchange Commission Provides Temporary Flexibility to Registered Investment Companies Affected by Coronavirus Disease 2019 (COVID-19) with Permission to Use Additional Funding and Other Tools to Manage Portfolios for the Benefit of Investors
  • U.S. Securities and Exchange Commission Extends Conditional Exemptions from Reporting and Proxy Delivery Requirements for Public Companies, Funds, and Investment Advisers Affected by Coronavirus Disease 2019 (COVID-19)
  • U.S. Securities and Exchange Commission Provides Additional Temporary Regulatory Relief in Terms of Filing Obligations to Market Participants Affected by Coronavirus Disease 2019 (COVID-19)
  • China Securities Regulatory Commission Presents Confidence in the Continuing Reform and Opening-up of Chinese Capital Market
  • Shanghai Stock Exchange Issues Interim Provisions on Application and Recommendation of Enterprises for Issuance and Listing on STAR Market
  • Shenzhen Stock Exchange Stresses the Responsibilities of Intermediaries in Sustaining a Favorable Ecosystem of Bond Market
  • The European Commission Prolongs the Validity of Block Exemption for Liner Shipping Consortia to April 25, 2024
  • The European Commission Amends Short-term Export-credit Insurance Communication in Light of Economic Impact of Coronavirus Outbreak
  • Australian Securities and Investments Commission Facilitating Capital Raisings to Assist Companies Need to Raise Funds from Investors Urgently during COVID-19 Period
  • Comments by Monetary Authority of Singapore on Covid-19 (Temporary Measures) Bill
  • The Competition Commission of Hong Kong Takes Textbook Cartel Case to the Hong Kong Competition Tribunal
  • The Competition Commission of Hong Kong Issues Statement Regarding the COVID-19 Outbreak
  • The Privacy Commissioner of Hong Kong issues COVID-19 Pandemic Guidelines for Employers and Employees
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Financial Services Regulatory Update 2020/03/20

  • Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited Issue Further Guidance on the Joint Statement in relation to Results Announcements in light of the COVID-19 Pandemic
  • Hong Kong Exchanges and Clearing Limited Enhances Stock Connect with Planned Launch of Master Special Segregated Account Service for Fund Managers
  • The Stock Exchange of Hong Kong Limited Publishes Its Latest Listing Committee Report
  • The Stock Exchange of Hong Kong Limited Launches E-Training and Publishes Guidance Materials on ESG Reporting
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures Great Wall Belt & Road Holdings Limited (Stock Code: 524) for Breaching the Listing Rules
  • Hong Kong Securities and Futures Commission Bans Chan Tan Lo for 14 Months
  • The Hong Kong Monetary Authority Announces Countercyclical Capital Buffer for Hong Kong
  • The Hong Kong Office of the Privacy Commissioner for Personal Data Responds to Media Enquiries about Cathay Pacific Being Fined £500,000 by UK Information Commissioner’s Office
  • U.S. Securities and Exchange Commission Adopts Investor Disclosure Improvements for Variable Annuities and Variable Life Insurance Contracts
  • U.S. Securities and Exchange Commission Adopts Amendments to Reduce Unnecessary Burdens on Smaller Issuers by More Appropriately Tailoring the Accelerated and Large Accelerated Filer Definitions
  • U.S. Securities and Exchange Commission Charges Russian National for Defrauding Investors of Over US$26 Million in Phony Certificates of Deposit Scam
  • China Securities Regulatory Commission Further Relaxes Policies to Facilitate Exit by Venture Capital Fund Shareholders
  • First Batch of Credit Protection Contract Business for Corporate Bonds for Epidemic Prevention and Control Successfully Launched on Shenzhen Stock Exchange
  • Shenzhen Stock Exchange Improves Bond Amortization Method to Promote Coordinated Development of the Bond Market
  • Shanghai Stock Exchange Publishes Q & A on Implementing Registration-based System for Public Issuance of Corporate Bonds
  • Australian Securities and Investments Commission Releases New Regulatory Framework for Foreign Financial Services Providers Providing Financial Services to Australian Wholesale Clients
  • Australian Securities and Investments Commission Directs Large Equity Market Participants under the ASIC Market Integrity Rules to Limit the Number of Trades Executed Each Day Until Further Notice to Ensure Equity Market Resiliency
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Financial Services Regulatory Update 2020/03/06

  • The Stock Exchange of Hong Kong Limited Updates and Streamlines its Guidance Materials
  • The Stock Exchange of Hong Kong Limited Publishes Frequently Asked Questions on the Joint Statement in Relation to Results Announcements in Light of Travel Restrictions Related to the Severe Respiratory Disease Associated with a Novel Infectious Agent (Joint Statement)
  • Hong Kong Securities and Futures Commission Issues Quarterly Report
  • The Listing Committee of the Stock Exchange of Hong Kong Limited Censures Yorkshine Holdings Limited (Previous Stock Code: 1048) for Failing to Seek Auditor’s Agreement Prior to the Publication of Preliminary Announcement of Annual Results and for Failing to Comply with the Relevant Requirements for Disclosable and/or Continuing Connected Transactions, and Censures or Criticizes a Number of Its Former Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • HKMC Insurance Limited Introduces Special 100% Loan Guarantee Under the SME Financing Guarantee Scheme
  • U.S. Securities and Exchange Commission Charges Wells Fargo US$500 Million for Misleading Investors About the Success of Its Largest Business Unit
  • U.S. Securities and Exchange Commission Charges Wells Fargo in Connection with Investment Recommendation Practices
  • U.S. Securities and Exchange Commission Charges Cardinal Health with Foreign Corrupt Practices Act Violations
  • U.S. Securities and Exchange Commission Amends Exemptions from Investment Adviser Registration for Advisers to Rural Business Investment Companies
  • U.S. Securities and Exchange Commission Amends Financial Disclosure Requirements Applicable to Registered Debt Offerings that Include Credit Enhancements to Improve Disclosure Quality and Encourage Issuers to Conduct Debt Offerings on a Registered Basis
  • Shenzhen Stock Exchange Revises the Guidelines for the Standard Operation of Listed Companies to Seamlessly Align with the New PRC Securities Law
  • Shenzhen Stock Exchange Issues Notice on the Corporate Bond Registration-based System to Advance the Reform of the Securities Issuance System
  • European Securities and Markets Authority Advises the European Commission on C6 Energy Derivatives and Related Obligations under the European Market Infrastructure Regulation
  • Dentons Europe LLP Ordered by the High Court of Justice in London to Disclose Documents Relating to Ex-client’s Alleged Fraud
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Financial Services Regulatory Update 2020/02/21

  • Update on the Hong Kong Securities and Futures Commission’s Front-loaded Regulatory Approach
  • Hong Kong Securities and Futures Commission Reprimands and Fines BMI Securities Limited HK$3.7 million and Suspends its Responsible Officer for Breaches of Anti-money Laundering Regulatory Requirements
  • Hong Kong Securities and Futures Commission Reprimands and Fines Capital Global Management Limited HK$1.5 million
  • Hong Kong Court of First Instance Dismisses Challenge to Hong Kong Securities and Futures Commission’s Investigative Powers
  • The Stock Exchange of Hong Kong Limited Announces Cancellation of Listing of Nickel Resources International Holdings Company Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2889)
  • U.S. Securities and Exchange Commission Charges Orchestrator of Cryptocurrency Scheme Ensnaring Physicians
  • U.S. Securities and Exchange Commission Proposes to Modernize Key Market Infrastructure Responsible for Collecting, Consolidating, and Disseminating Securities Market Data
  • U.S. Securities and Exchange Commission Charges Real Estate Company and Executives with Defrauding Retail Investors, Obtains Emergency Relief
  • U.S. Securities and Exchange Commission Charges Global Alcohol Producer with Disclosure Failures
  • Initial Coin Offering Issuer Settles U.S. Securities and Exchange Commission Registration Charges, Agrees to Return Funds and Register Tokens as Securities
  • Shenzhen Stock Exchange Accelerates the Approval for the Bond Issue Applications of Hubei Enterprises under Emergency – the First Innovative Corporate Bond Supporting Anti-Epidemic Given the Green Light to Issue
  • Shenzhen Stock Exchange Upgrades Its Distance Training to Meet What the Market Needs
  • Shanghai Stock Exchange Builds Financial Defense Line to Combat Coronavirus Outbreak
  • Hong Kong Monetary Authority Convenes Special Teleconference of the Banking Sector SME Lending Coordination Mechanism to Discuss Ways for Banking Industry to Assist Small and Medium-sized Enterprises (SMEs) in Overcoming the Impact of Coronavirus Outbreak
  • Hong Kong Monetary Authority Issues a Tentative Issuance Schedule for Exchange Fund Bills and Notes for the Coming Quarter of April to June 2020
  • Hong Kong Insurance Authority Continues to Provide Limited Public Services in View of the Latest Development Related to the Novel Coronavirus
  • Financial Conduct Authority of the United Kingdom Publishes Annual Sector Views Assessing the Risks and Potential Harm to Consumers in Financial Services Markets and Highlights its Areas of Concern
  • Australian Securities and Investments Commission Starts a Four-week Consultation on Draft Guidance about the New Best Interests Duty to Help Promote Certainty of New Obligations for Mortgage Brokers
  • The Monetary Authority of Singapore Welcomes Measures by Financial Institutions to Support Customers Facing the Impact of COVID-19
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Financial Services Regulatory Update 2020/02/07

  • Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited Issue Joint Statement in relation to Results Announcements in light of Travel Restrictions related to the Severe Respiratory Disease associated with a Novel Infectious Agent
  • The Stock Exchange of Hong Kong Limited Publishes Results of Latest Review of Issuers’ Annual Report Disclosure
  • Shenzhen Stock Exchange Issues Notice on Supporting Listed Companies and Other Market Entities to Combat Novel Coronavirus-caused Pneumonia
  • Hong Kong Securities and Futures Commission to Commence Proceedings for Suspected Market Manipulation in the Shares of China Ding Yi Feng and Lifts Trading Suspension
  • Hong Kong Securities and Futures Commission Issues Restriction Notice to a Broker to Freeze Client Accounts Linked to Suspected Market Manipulation
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on Corporate WVR Beneficiaries
  • U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations Publishes Observations on Cybersecurity and Resiliency Practices
  • U.S. Securities and Exchange Commission Proposes Amendments to Modernize and Enhance Financial Disclosures
  • Hong Kong Securities and Futures Commission Highlights Importance of Risk Management
  • China’s Foreign Investment Law and Implementing Regulations Come into Effect on January 1, 2020
  • Hong Kong Securities and Futures Commission Suspends Shiu Yau Wah for Five Months
  • Hong Kong Securities and Futures Commission Bans Christopher Tse for 12 Months
  • The Stock Exchange of Hong Kong Limited Announces Cancellation of Listing of China Animal Healthcare Ltd. (Stock code: 940)
  • The Stock Exchange of Hong Kong Limited Announces Cancellation of Listing of Midas Holdings Limited (in Liquidation in Singapore) (Stock code: 1021)
  • The Stock Exchange of Hong Kong Limited Announces Cancellation of Listing of Ding He Mining Holdings Limited (in liquidation) (Stock code: 705)
  • Overview of Shenzhen Stock Exchange’s M&A and Reorganization and Regulation Services in 2019
  • The First Government Bonds in Guangdong Province in 2020 Successfully Issued on Shenzhen Stock Exchange
  • Overview of the Refinancing Market of Shenzhen Stock Exchange in 2019
  • Overview of Equity Incentive Plans and Employee Stock Ownership Plans of SZSE-listed Companies in 2019
  • Shanghai Stock Exchange Reports on Dealing with SSE-listed Companies’ Violations in Information Disclosure in 2019
  • China’s Ministry of Science and Technology and Shanghai Stock Exchange Sign MOU on Deepening FinTech Integration
  • The Financial Conduct Authority of the United Kingdom Introduces New Overdraft Rules which Mean 7 out of 10 People will be Better off or See No Change
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Financial Services Regulatory Update 2020/01/17

  • Hong Kong Securities and Futures Commission Provides Licensing Guidance for Private Equity Firms and Family Offices
  • OTC Clearing Hong Kong Limited Obtains License From Financial Services Agency of Japan
  • Hong Kong Securities and Futures Commission Lifts Suspension of UBS Securities Hong Kong Limited Acting as Sponsor
  • U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations Announces 2020 Examination Priorities
  • Shenzhen Stock Exchange Holds the “Media Visiting SZSE” Exchange Meeting on Regulation of Listed Companies
  • China Securities Depository and Clearing Corporation Limited and Shenzhen Stock Exchange Jointly Issues the Implementation Rules for H-shares “Full Circulation” Business
  • Shenzhen Stock Exchange Issues the CNI Dhaka Selected Index to Promote the Deepening Cooperation Between China-Bangladesh Capital Markets
  • Shenzhen Stock Exchange Issues the CNI Nanshan 50 Index
  • Summary of Disciplinary Actions of Shenzhen Stock Exchange in 2019
  • Shenzhen Stock Exchange Holds the 2019 Bond Market Regulation Symposium
  • Shenzhen Stock Exchange Holds the Symposium on ETF Market Development in 2020
  • New Market Surveillance System of Shanghai Stock Exchange Put into Use
  • Financial Conduct Authority of the United Kingdom Proposes to Reform the Easy Access Cash Savings Market to Help Customers Get Better Rates for Cash Savings
  • Australian Securities and Investments Commission Encourages Fair and Effective Insurance Claims Handling for People Affected by the Bushfires – Warns against Unscrupulous “Service Providers”
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Financial Services Regulatory Update 2020/01/03

  • Hong Kong Securities and Futures Commission Proposes Changes to the Open-ended Fund Companies Regime
  • Launch of Investor Identification for Southbound Trading under Stock Connect
  • Hong Kong Securities and Futures Commission Reprimands and Fines Adamas Asset Management (HK) Limited HK$2.5 Million
  • Hong Kong Securities and Futures Commission Reprimands and Fines FIL Investment Management (Hong Kong) Limited HK$3.5 Million for Regulatory Breaches
  • Hong Kong Securities and Futures Commission Publicly Censures CLSA Limited, CITIC Securities Brokerage (HK) Limited, Beijing Enterprises Holdings Limited and Their Representatives for Breaching the Code on Share Buy-backs
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures Ding He Mining Holdings Limited (Stock Code 705) and a Number of Its Current Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures Mr. Hu Guo An, Former Executive Director of Future Bright Mining Holdings Limited (Stock Code: 2212), for Breaching the Listing Rules and the Director’s Undertaking
  • Hong Kong Monetary Authority Issues Report on Artificial Intelligence (AI) Application in Banking
  • Hong Kong Monetary Authority Completes Designation of Domestic Systemically Important Authorized Institutions
  • International Monetary Fund Acknowledges Hong Kong’s Robust Policy Frameworks and Ample Buffers for Addressing Economic Challenges and Safeguarding Financial Stability
  • U.S. Securities and Exchange Commission Proposes to Codify Certain Consultations and Modernize Auditor Independence Rules
  • Xinjiang Production and Construction Corps Bond Debuts on the Exchange Market of Shenzhen Stock Exchange
  • CSI 300 ETF Option Successfully Listed on Shenzhen Stock Exchange
  • Shenzhen Stock Exchange and the Ministry of Industry and Information Technology Sign the Strategic Cooperation Agreement on the Listing Cultivation of High-quality Small and Medium-sized Enterprises
  • Australian Securities and Investments Commission Comments on Environmental Group’s Amendments of its Acquisition Accounting, Emphasizing on the Quality of Financial Reporting
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