Financial Services Regulatory Update 2020/12/31

  • Hong Kong Magistrates’ Court Convicts Company Secretary of Insider Dealing via Spouse’s Securities Account
  • Hong Kong Market Misconduct Tribunal Finds Li Yik Shuen Culpable of Insider Dealing in Meadville Holdings Limited Shares
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Combest Holdings Limited (Stock Code: 8190)
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Criticizes Wai Chi Holdings Company Limited (Stock Code: 1305) and its Executive Director, Mr. Chen Wei Wu, for Breaching the Listing Rules and/or the Director’s Undertaking
  • The Stock Exchange of Hong Kong Limited Publishes Conclusions on Paperless Listing & Subscription Regime, Online Display of Documents and Reduction of the Types of Documents on Display
  • The Stock Exchange of Hong Kong Limited Publishes its Latest Review of Issuers’ Corporate Governance Practices, and Practitioners’ Insights on Corporate Governance and ESG
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Hua Han Health Industry Holdings Limited (In Compulsory Liquidation) (Stock Code: 587)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Netel Technology (Holdings) Limited (Stock Code: 8256)
  • Hong Kong Exchanges and Clearing Limited Launches New Service to Facilitate Lodging of Shareholders’ Written Requisitions
  • Hong Kong Securities and Futures Commission Reprimands and Fines Fulbright Securities Limited HK$3.6 Million
  • Hong Kong Securities and Futures Commission Concludes Consultation on Customer Due Diligence Requirements for Open-Ended Fund Companies
  • Hong Kong Securities and Futures Commission Previews New Electronic Licensing Services on WINGS, its Platform for Electronic Forms and Online Submission Services
  • Hong Kong Securities and Futures Commission Proposes Amendments to The Code on Pooled Retirement Funds
  • Hong Kong Securities and Futures Commission Licenses First Virtual Asset Trading Platform
  • Hong Kong Securities and Futures Commission Proposes to Upgrade the Industry’s Competency Standards
  • U.S. Federal Court Orders a Man to Pay Over US$255,000 in Futures and Forex Fraud Scheme
  • U.S. Federal Court Orders Interdealer Broker to Pay US$7 Million for Deceptive Trading Practices in the FX Options Markets
  • U.S. Court Enters US$740,968 Judgement Against Company and its Principal for Registration, Disclosure, and Recordkeeping Violations
  • U.S. Securities and Exchange Commission Proposes Amendments to Rule 144 and Form 144
  • U.S. Securities and Exchange Commission Adopts Modernized Marketing Rule for Investment Advisers
  • U.S. Securities and Exchange Commission Adopts Final Rules for the Disclosure of Payments by Resource Extraction Issuers
  • U.S. Securities and Exchange Commission Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution
  • U.S. Securities and Exchange Commission Adopts Clearing Agency Rule to Limit Potential for Overlapping or Duplicative Regulation
  • U.S. Securities and Exchange Commission Obtains Emergency Asset Freeze, Charges Crypto Fund Manager with Fraud
  • Monetary Authority of Singapore Announces Further Extension of the US$60 Billion Swap Arrangement with the US Federal Reserve
  • Australian Securities and Investments Commission Places Restrictions on Regional Express Holdings Limited Following Continuous Disclosure Failures
  • Australian Securities and Investments Commission Commences Civil Penalty Proceedings Against La Trobe Financial Asset Management Ltd
  • Australian Securities and Investments Commission Highlights Focus Areas for December 31, 2020 Financial Reports Under COVID-19 Conditions
  • Financial Conduct Authority of the United Kingdom Establishes Temporary Registration Regime for Cryptoasset Businesses
  • Financial Conduct Authority of the United Kingdom Fines Charles Schwab UK Ltd £8.96 Million Over Safeguarding and Compliance Failures
  • Singapore Exchange Signs Memorandum of Understanding With China Central Depository and Clearing Corporation to Strengthen Singapore-China Bond Markets
  • Singapore Exchange Welcomes Aedge Group Limited to Catalist
  • Singapore Exchange Strengthens Commitment to Sustainability With S$20 Million Plan
  • Singapore Exchange Named Regulation Asia’s Exchange of the Year for 3rd Year Running
  • Singapore Exchange Welcomes China International Capital Corporation as Securities Trading Member
  • Singapore Exchange Welcomes G.H.Y Culture & Media Holding to Mainboard
  • Shenzhen Stock Exchange Launches the CNI Xiangmi Lake Culture and Creativity Index
  • Shenzhen Stock Exchange Launches the Column of “Service Guides” to Advance “Institutionalized, Standardized, Process-based and Electronic” Regulation
  • Shenzhen Stock Exchange Spokesperson Answers Reporters’ Questions on Revision of Relevant Business Rules Concerning Delisting
  • Questions & Answers on Shanghai Stock Exchange’s Revision of Delisting System
  • Questions & Answers on Joint Regulatory Interview of Ant Group Co., Ltd. Given by Pan Gongsheng, Deputy Governor of the People’s Bank of China
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Financial Services Regulatory Update 2020/12/11

  • Hong Kong Court of Appeal Clarifies the Majority Test and Fairness Test for Sanctioning Schemes of Arrangement Involving Takeover Offers
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of SMI Holdings Group Limited (In Liquidation) (Stock Code: 198)
  • Hong Kong Exchanges and Clearing Limited Launches Sustainable and Green Exchange (STAGE)
  • Hong Kong Exchanges and Clearing Limited Announces Stock Connect Expansion Arrangements among The Stock Exchange of Hong Kong Limited, Shanghai Stock Exchange and Shenzhen Stock Exchange
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Wuzhou International Holdings Limited (Stock Code: 1369)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Haitian Energy International Limited (In Provisional Liquidation) (Stock Code: 1659)
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on Main Board Profit Requirement
  • Hong Kong Securities and Futures Commission Provides Additional Guidance on External Electronic Data Storage
  • Market Misconduct Tribunal Finds Insider Dealing in Shares of China Gas Holdings Limited
  • Hong Kong Securities and Futures Commission Consults on Investor Identification
  • Hong Kong Securities and Futures Commission Announces that Amendments to the Code on Real Estate Investment Trusts (REIT Code) Have Taken Effect
  • Hong Kong Securities and Futures Commission Commences Legal Proceedings Against New Ray Medicine International Holding Limited and its Former Top Executives
  • U.S. Commodity Futures Trading Commission Unanimously Approves Final Rules Related to Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
  • U.S. Commodity Futures Trading Commission Unanimously Approves Final Rules Related to Swap Execution Facilities and Withdraws Unadopted Proposals
  • U.S. Commodity Futures Trading Commission Approves Two Final Rules at December 8 Open Meeting
  • U.S. Commodity Futures Trading Commission Orders Vitol Inc. to Pay US$95.7 Million for Corruption-Based Fraud and Attempted Manipulation
  • U.S. Securities and Exchange Commission Modernizes Framework for Fund Valuation Practices
  • U.S. Securities and Exchange Commission Adopts Rules to Modernize Key Market Infrastructure Responsible for Collecting, Consolidating, and Disseminating Equity Market Data
  • U.S. Securities and Exchange Commission Charges The Cheesecake Factory For Misleading COVID-19 Disclosures
  • U.S. Securities and Exchange Commission Orders BlueCrest to Pay US$170 Million to Harmed Fund Investors
  • U.S. Securities and Exchange Commission Charges Disbarred and Licensed Attorney with Scheme to Create False Opinion Letters
  • First Batch of Pilot Credit Protection Certificates Are Successfully Issued via Shenzhen Stock Exchange
  • Officials from Relevant Departments of the China Securities Regulatory Commission Answered Reporter Questions regarding the U.S. House Approving Holding Foreign Companies Accountable Act
  • Sample Stocks for Shenzhen Stock Exchange Component Index, ChiNext Index and Shenzhen Stock Exchange 100 Index to be Adjusted
  • To Provide Warm and Targeted Regulatory Services – Shenzhen Stock Exchange Issues Reference Text for Regulations on Corporate Bondholders’ Meetings
  • Shanghai Stock Exchange Issues Business Guide No.1 for Corporate Bond Duration – Rules for Corporate Bond Holders’ Meetings (Reference Text)
  • Shanghai Stock Exchange Amends the Rules of the Shanghai Stock Exchange Governing Review of the Issuance and Listing of Stocks on the Science and Technology Innovation Board and the Administrative Measures of the Shanghai Stock Exchange Governing the Listing Committee of the Science and Technology Innovation Board
  • Shanghai Stock Exchange Optimizes the Review and Approval Rule System for the Issuance and Listing of Corporate Bonds Through the Registration System
  • From Full Force to Targeted Measures, Shenzhen Stock Exchange to Take Solid Steps to Improve the Quality of Listed State-owned Enterprises
  • Australian Securities and Investments Commission Issues Information Sheet on Managing Conduct Risk During LIBOR Transition
  • Australian Securities and Investments Commission Succeeds in Application to Wind up Chris Marco’s Unregistered Managed Investment Scheme
  • Administrative Appeals Tribunal Upholds Decision of Australian Securities and Investments Commission to refuse Allegra a License
  • Singapore and China Expand Financial Cooperation to Support Post-COVID-19 Recovery
  • Monetary Authority of Singapore Launched Digital Infrastructure to Enable More Effective Financial Planning by Singaporeans
  • Singapore Exchange Welcomes the Listing of China Development Bank’s Domestic Bonds
  • Singapore Exchange Welcomes Credit Bureau Asia Limited to Mainboard
  • Singapore Exchange Welcomes the Listing of Lion-OCBC Securities Hang Seng TECH ETF
  • Financial Conduct Authority of the United Kingdom Reminds Firms to Be Ready for End of Transition Period
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