Financial Services Regulatory Update 2021/03/05

  • Hong Kong Financial Reporting Council Initiates Investigation into Audits of Convoy Global Holdings Limited for 2017 to 2019
  • Hong Kong Monetary Authority’s Comments on Hong Kong’s Under-rated Bond Market and Game Changing Recent Developments
  • Hong Kong Securities and Futures Commission Reprimands and Fines Brilliance Asset Management Limited HK$3.15 Million Over Short Position Reporting Failures
  • Hong Kong Securities and Futures Commission and Financial Reporting Council to Enhance Collaboration
  • Hong Kong Securities and Futures Commission Petitions for the Winding Up of Adamas Asset Management (HK) Limited and Seeks to Appoint Provisional Liquidators
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders Against Former Senior Executives and Officers of Shandong Molong Petroleum Machinery Company Limited
  • Hong Kong Securities and Futures Commission and Police Joint Operation Against Suspected Ramp-and-Dump Syndicate
  • U.S. Federal Court Sanctions Former Energy Broker for Role in Disclosures of Material Nonpublic Information
  • U.S. Securities and Exchange Commission Charges Two Former KPMG Auditors for Improper Professional Conduct During Audit of Not-for-Profit College
  • U.S. Securities and Exchange Commission Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity
  • U.S. Securities and Exchange Commission Charges Gas Exploration and Production Company and Former CEO with Failing to Disclose Executive Perks
  • U.S. Securities and Exchange Commission Charges Seven Individuals for US$45 Million Fraudulent Scheme
  • Shenzhen Stock Exchange Officially Launches the Technical System for Publicly Offered REITs
  • Shenzhen Stock Exchange Holds Greater Bay Area Infrastructure REITs Development Forum
  • Shenzhen Stock Exchange Unveils the Measures for Transferring the Listing of Companies on National Equities Exchange and Quotations to ChiNext
  • Shenzhen Stock Exchange Spokesperson Answers Reporters’ Questions on the On-site Inspections of Information Disclosure by the First Batch of Enterprises Listed on the ChiNext Board
  • Shenzhen Stock Exchange Optimizes Bond Repo Business to Improve Market Participants’ Sense of Gain
  • China Securities Regulatory Commission Issues the Administrative Measures for the Credit Rating Business of the Securities Market
  • China Securities Regulatory Commission Issues the Administrative Measures for the Issuance and Trading of Corporate Bonds
  • China Securities Regulatory Commission Held a Publicity and Implementation Symposium for Criminal Law Amendment (XI) of the People’s Republic of China
  • China Securities Regulatory Commission Spokesperson Answers Reporters’ Questions on the Situation of Companies which Applied for IPO
  • Shanghai Stock Exchange Spokesperson Answers Reporters’ Questions on the On-site Inspections of Information Disclosure by the First Batch of Enterprises Listed on the Science and Technology Innovation Board
  • Shanghai Stock Exchange issued the Measures for the Transfer of Listed Companies on the National Equities Exchange and Quotations to the Sci-Tech Innovation Board of the Shanghai Stock Exchange (Trial)
  • Singapore Exchange and Euroclear Bank to Launch Orchid Bond Structure
  • Singapore Trading Festival Turns Ideas into Actions with Virtual Summit and Trading Challenge
  • Financial Conduct Authority of the United Kingdom Returns Funds to Victims of Unauthorized Deposit Taking and Collective Investment Schemes
  • Financial Conduct Authority of the United Kingdom Censures Premier FX for Payment Rule Breaches
  • Australian Securities and Investments Commission Sets Five-year Sunset Date for Litigation Funding Legislative Instrument
  • The Monetary Authority of Singapore and The Association of Banks in Singapore Jointly Issued a Paper on Managing the Risks of Remote Working in Financial Institutions
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Financial Services Regulatory Update 2021/02/19

  • Hong Kong Securities and Futures Commission Consults on Conduct Requirements for Bookbuilding and Placing Activities
  • Hong Kong Exchanges and Clearing Limited Invests in Guangzhou Futures Exchange
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against Hosa International Limited (Delisted, Previous Stock Code: 2200) and Five of its Directors (at the Date of Delisting)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Master Glory Group Limited (In Liquidation) (Stock Code: 275)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Fujian Nuoqi Co., Ltd (Stock Code: 1353)
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against (1) Mr. Ha Chuen Yeung, a former executive director of Inno-Tech Holdings Limited (In Liquidation) (Stock Code: 8202); and (2) Mr. He Xiao Ming and Ms. Xie Yan, former executive directors of Teamway International Group Holdings Limited (Stock Code: 1239)
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against Brightoil Petroleum (Holdings) Limited (Delisted, Previous Stock Code: 933) and Four of its Directors (at the Date of Delisting)
  • The Stock Exchange of Hong Kong Limited Updates Guidance Letter for Biotech Companies
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Six Directors of Moody Technology Holdings Limited (Stock Code: 1400)
  • Market Misconduct Tribunal sanctions Li Yik Shuen for Insider Dealing in Meadville Holdings Limited Shares
  • Hong Kong Securities and Futures Commission Enters into a Memorandum of Understanding (MoU) on Cross-boundary Wealth Management Connect
  • Hong Kong Securities and Futures Commission Consults on Conduct Requirements for Bookbuilding and Placing Activities
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders Against Former Senior Executives of Far East Holdings International Limited
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to Two Brokers to Freeze Client Accounts Linked to Suspected Social Media Ramp-and-Dump Scam
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to 13 Brokers to Freeze Client Accounts Linked to Suspected Social Media Ramp-and-Dump Scam
  • U.S. Commodity Futures Trading Commission Charges Swaps Trader with Manipulation, Attempted Manipulation, and Making False Statements
  • U.S. Securities and Exchange Commission Charges Investment Adviser and Others With Defrauding Over 17,000 Retail Investors
  • U.S. Securities and Exchange Commission Charges Former Executives of A Company With Accounting Violations
  • U.S. Securities and Exchange Commission Charges Three Individuals in Digital Asset Frauds
  • U.S. Securities and Exchange Commission Charges Ratings Agency With Disclosure And Internal Controls Failures Relating To Undisclosed Model Adjustments
  • Shenzhen Stock Exchange Press Secretary Answers Reporters’ Questions on the Official Release of Supporting Business Rules for Publicly Offered Infrastructure REITs
  • Shenzhen Stock Exchange Strengthens Rules and Technology Guarantee to Actively Build a Publicly Offered Infrastructure REITs Market System
  • Shenzhen Stock Exchange Initiates the Merger Between Main Board and SME Board
  • Shenzhen Stock Exchange Spokesperson Answers Questions from Reporters on the Merger of Main and SME Boards
  • Establishing a Reporting Mechanism for Program Trading of Convertible Bonds to Promote the Convertible Bond Market Towards Healthy Development
  • Shenzhen Stock Exchange Press Secretary Answers Reporters’ Questions about the Notice on the Matters Related to the Program Trading Reporting of Convertible Bonds
  • Shenzhen Stock Exchange Press Secretary Answers Reporters’ Questions on the Supervision of the Shareholder Information Disclosure by the Companies Applying for Initial Public Offering
  • The China Securities Regulatory Commission Reports on Case Handling in 2020
  • The China Securities Regulatory Commission Issues Guidelines for Shareholder Information Disclosure of Companies Applying for IPO
  • The China Securities Regulatory Commission Issued the Regulations on the Registration Management System for Insiders of Listed Companies
  • The People’s Bank of China and the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, the Hong Kong Monetary Authority, the Hong Kong Securities and Futures Commission, and the Macau Monetary Authority Signed the Memorandum of Understanding on the Cross-boundary Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay Area
  • Establishment of a Program Trading Reporting Mechanism for Convertible Bonds to Maintain the Order of Transactions in the Convertible Bond Market
  • Shanghai Stock Exchange Issues the Shanghai Stock Exchange Science and Technology Innovation Board Issuance and Listing Review Rules Application Guidelines No.1 – On-site Supervision of Sponsorship Business
  • Shanghai Stock Exchange Press Secretary Answers Reporters’ Questions on the Supervision of the Shareholder Information Disclosure by the Companies Applying for Initial Public Offering
  • Singapore Exchange and Temasek JV Ties up with Covalent Capital to Build End-to-end Digital Infrastructure
  • Monetary Authority of Singapore and Singapore Exchange Regulation Advise the Investing Public to Beware of Risks Related to Trading Incited by Online Discussions
  • Singapore Exchange, Trumid and Hillhouse Capital Form Joint Venture to Launch New Asian Bond Trading Platform
  • Report of Financial Conduct Authority of the United Kingdom Outlines Practices Firms Can Consider to Reduce Consumer Harm Caused by Failed Technology Changes
  • Update on Bank of England and Financial Conduct Authority of the United Kingdom Memorandum of Understanding on the Supervision of Market Infrastructure and Payment Systems
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Financial Services Regulatory Update 2021/01/29

  • How a Securities Exchange Can Cater to the Modern Needs of Issuer Biodiversity: Story of Rising Popularity of the Global Exchange Market of Euronext Dublin as a Venue of Choice for Debt Listing in Europe
  • Hong Kong Exchanges and Clearing Limited Welcomes Inclusion of STAR Market Stocks into Stock Connect and Further Expansion of Southbound Stock Connect Trading
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against Sandmartin International Holdings Limited (Stock Code: 482) and Eight of its Current and Former Directors
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Real Nutriceutical Group Limited (Stock Code: 2010)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Jian ePayments Systems Limited (Stock Code: 8165)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Flyke International Holdings Limited (Stock Code: 1998)
  • Hong Kong Securities and Futures Commission and the Securities and Exchange Commission of Thailand Sign Memorandum of Understanding on Mutual Recognition of Funds
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to Five Brokers to Freeze Client Accounts Linked to Suspected Market Manipulation
  • U.S. Commodity Futures Trading Commission Charges A Man in Multi-Million Dollar Digital Asset Ponzi Scheme Involving Bitcoin and Ether
  • U.S. Securities and Exchange Commission Updates List of Firms Using Inaccurate Information to Solicit Investors
  • U.S. Securities and Exchange Commission Charges Vuuzle Media Corp. and Affiliated Individuals in Connection with US$14 Million Offering Fraud
  • Shenzhen Stock Exchange Issues No. 1 Guidelines of Shenzhen Stock Exchange for Securities Investment Fund Business – Index Fund Development
  • Overview of the M&A and Restructuring Market of Shenzhen Stock Exchange in 2020
  • Overview of Refinancing of Listed Companies on the Shenzhen Stock Exchange in 2020
  • Shenzhen Stock Exchange Sign Memorandum of Understanding with Japan Exchange Group to Deepen Cooperation
  • China Securities Regulatory Commission Issued the Guidelines for the Operation of Publicly Offered Securities Investment Funds No. 3 — Guidelines for Index Funds
  • China Securities Regulatory Commission Approves the Establishment of Guangzhou Futures Exchange
  • Shanghai Stock Exchange Reports on Investigation and Handling of Violations of Information Disclosure Non-compliance of Listed Companies on Shanghai Stock Exchange in 2020
  • Shanghai Stock Exchange Issues “Shanghai Stock Exchange Fund Self-regulatory Rules Application Guidelines No. 1- Index Fund Development”
  • Shanghai Stock Exchange Issues the Amendment to the Measures of the Shanghai Stock Exchange for the Implementation of Shanghai-Hong Kong Stock Connect
  • Opening a New Chapter of Cooperation and Opening Up a New Win-Win Situation – Shanghai Stock Exchange and Japan Exchange Group Renewed the Sino-Japanese ETF Exchange Cooperation Agreement
  • Singapore Exchange and Temasek Partner to Advance Digital Asset Infrastructure in Capital Markets
  • Singapore Exchange Reports 1H FY2021 Net Profit of S$228 Million
  • Singapore Exchange Accelerates Sustainability Drive with Launch of ESG Derivatives
  • Financial Conduct Authority of the United Kingdom Reminds Firms to Regularly Review Regulatory Permissions
  • Financial Conduct Authority of the United Kingdom Clamps Down on Consumer Investment Harm
  • Financial Conduct Authority of the United Kingdom Proposes to Introduce Claims Management Companies Fee Price Cap
  • Response of Australian Securities and Investments Commission about Accellion Cyber Incident
  • Australian Securities and Investments Commission Consults on Financial Reporting and Annual General Meeting Deferral Relief for Companies in External Administration

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Financial Services Regulatory Update 2021/01/15

  • Australian Securities and Investments Commission Convicts a Former Director of Breaching Directors’ Duties (Criminal Offence)
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against Xinming China Holdings Limited (Stock Code: 2699) and its Executive Director
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of China Huiyuan Juice Group Limited (Stock Code: 1886)
  • Hong Kong Securities and Futures Commission Bans Yung Lap Hong for Life
  • Hong Kong Eastern Magistrates’ Court Sentenced the Company Secretary of China Automation Group Limited to 45 days of Imprisonment for Insider Dealing
  • Hong Kong Court of First Instance Upholds Jail Sentence Against Former GEM-listed Group Finance Manager for Insider Dealing
  • U.S. Commodity Futures Trading Commission Approves NFA’s Swap Dealer Capital Model Review Program
  • U.S. Commodity Futures Trading Commission and ESMA Sign Enhanced MOU Related to Certain Recognized Central Counterparties
  • U.S. Securities and Exchange Commission Charges Deutsche Bank With FCPA Violations Related to Third-Party Intermediaries
  • U.S. Securities and Exchange Commission Charges Real Estate Fund Manager With Misappropriating Over US$7 Million From Retail Investors
  • Stepping up Regulation with Zero Tolerance for Violations – Overview of Shenzhen Stock Exchange’s Disciplinary Punishment in 2020
  • Shenzhen Stock Exchange Deepens Blockchain Cooperation with a Number of Equity Exchanges
  • Promote High-quality Development of Innovation-oriented Enterprises and Startups with Information Disclosure at the Core — Shenzhen Stock Exchange Releases Guidelines for Information Disclosure by the Communications Industry and the Cybersecurity Industry Listed on the ChiNext Board
  • Stepping up Regulation to Continuously Improve Information Disclosure of Listed Companies – Shenzhen Stock Exchange Publishes the Information Disclosure Guidelines for Five Industries Including Food & Liquor Making, Electric Power and Automobile Manufacturing
  • The China Securities Regulatory Commission issued the “Regulations on Strengthening the Supervision of Private Investment Funds”
  • The China Securities Regulatory Commission issued the “Administrative Measures for Convertible Corporate Bonds”
  • Handling Violations of Bond-related Regulations and Safeguarding the High-Quality Development of The Bond Market with the “Zero Tolerance” Policy – The Shanghai Stock Exchange Publicly Condemns Brilliance Group and Relevant Persons Responsible
  • Financial Conduct Authority of the United Kingdom Agrees MoUs with European Authorities in the Areas of Securities, Insurance and Pensions, and Banking
  • Financial Conduct Authority of the United Kingdom Warns Consumers of the Risks of Investments Advertising High Returns Based on Cryptoassets
  • Singapore Exchange Reports Market Statistics for December 2020
  • Singapore Exchange Regulation Enhances Rules on Auditors, Valuers and Valuation Reports
  • Singapore Exchange Appoints Herry Cho as New Head of Sustainability and Sustainable Finance
  • Australian Securities and Investments Commission Approves Variations to the Banking Code of Practice
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