Financial Services Regulatory Update 2020/10/17

  • Hong Kong Court Declined to Sanction the Scheme of Arrangement in Re Allied Properties (H.K). Ltd [2020] HKCFI 2624
  • The Stock Exchange of Hong Kong Limited announces the Cancellation of Listing of CW Group Holdings Limited
  • Hong Kong Securities and Futures Appeals Tribunal Affirms Hong Kong Securities and Futures Commission’s Decision to Ban Lai Voon Wai for Five Years for IPO Sponsor Failures
  • Hong Kong Securities and Futures Commission Publicly Censures So Yuk Kwan and Imposes a Cold-shoulder Order for Breach of the Code on Takeovers and Mergers
  • Hong Kong Market Misconduct Tribunal Sanctions CMBC Capital Holdings Limited and Its Former Directors for Late Disclosure of Inside Information
  • Hong Kong Securities and Futures Commission Warns of Investment Scams on Social Media
  • U.S. Commodity Futures Trading Commission Charges BitMEX Owners with Illegally Operating a Cryptocurrency Derivatives Trading Platform and Anti-Money Laundering Violations
  • U.S. Federal Court Orders Affiliate Marketer to Pay More Than US$13.8 Million for Binary Options Fraud
  • U.S. Commodity Futures Trading Commission Revokes Registrations of Company and its CEO for Fraud and Related Criminal Conviction
  • U.S. Commodity Futures Trading Commission Orders A Man and His Companies to Pay More Than US$1.2 Million in Forex Trading Scheme
  • U.S. Securities and Exchange Commission Proposes Conditional Exemption for Finders Assisting Small Businesses with Capital Raising
  • U.S. Securities and Exchange Commission Updates Regulatory Framework for Fund of Funds Arrangements
  • U.S. Securities and Exchange Commission Charges John McAfee With Fraudulently Touting ICOs
  • U.S. Securities and Exchange Commission Charges HP Inc. With Disclosure Violations and Control Failures
  • China Securities Regulatory Commission Approves the First Major Asset Reorganization Registration of a Listed Company on ChiNext Board
  • Shenzhen Stock Exchange Launches CNI Blue 100 Index to Assist High-quality Development of Maritime Economy
  • The State Council of the People’s Republic of China Releases the Circular of the State Council on Further Improving the Quality of Listed Companies
  • Australian Securities and Investments Commission and Volkswagen Financial Services Australia Settle Federal Court Proceeding
  • Australian Securities and Investment Commission Urges Australian institutions to Adhere to the ISDA IBOR Fallbacks Protocol and Supplement
  • Financial Conduct Authority of the United Kingdom Publishes Rules That Will Apply at the end of the Transition Period
  • Financial Conduct Authority of the United Kingdom Assists Innovative Companies in Tackling Coronavirus Challenges
  • Financial Conduct Authority of the United Kingdom Urges Unauthorized Land Banking Scheme Victims to Get in Touch to Return Funds
  • Singapore’s First Center of Excellence to Drive Asia-focused Green Finance Research and Talent Development
  • Monetary Authority of Singapore and Financial Industry Extend Support for Individuals and SMEs Who Need More Time to Resume Loan Repayments
  • Singapore Exchange Welcomes the Listing of Phillip SGD Money Market ETF, the First of Its Kind in South East Asia
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Financial Services Regulatory Update 2020/10/02

  • High Court in London Hands Down Judgment in the Financial Conduct Authority’s Insurance Test Case Clarifying Insurance Companies’ Liabilities under Certain Business Interruption Provisions
  • Hong Kong Securities and Futures Commission Launches Consultation on Anti-money Laundering Guidelines
  • Hong Kong Securities and Futures Commission Suspends Mung Wai Sun for nine months
  • Hong Kong Securities and Futures Commission Signs New Memorandum of Understanding with the Insurance Authority
  • Hong Kong Securities and Futures Commission Reprimands and Fines China Everbright Securities HK$2.5 Million
  • Hong Kong Securities and Futures Commission Issues Circular on the Electronic Dissemination of Investment Product Documents
  • U.S. Commodity Futures Trading Commission Charges Precious Metals Dealers in Ongoing US$185 Million Fraud Targeting the Elderly
  • U.S. Commodity Futures Trading Commission Orders Three Citibank Affiliates to Pay US$4.5 Million for Supervision Failures That Led to Deletion of Subpoenaed Audio Recordings
  • U.S. Commodity Futures Trading Commission Fines New York and UK-Based Firms for Net Capital Deficiencies
  • U.S. Securities and Exchange Commission Adopts Amendments to Modernize Shareholder Proposal Rule
  • J.P. Morgan Securities LLC Admits to Manipulative Trading in U.S. Treasuries
  • U.S. Securities and Exchange Commission Charges BMW for Disclosing Inaccurate and Misleading Retail Sales Information to Bond Investors
  • U.S. Securities and Exchange Commission Charges Index Manager and Friend With Insider Trading
  • China Securities Regulatory Commission Implements Classified Review of Listed Companies’ Refinancing
  • China Securities Regulatory Commission, People’s Bank of China and State Administration of Foreign Exchange Release the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors
  • Shenzhen Stock Exchange Further Strengthens Regulation on Stock Issuance and Underwriting on ChiNext Board to Give Better Play to the Role of the Market-oriented Resource Allocation Mechanism
  • Shenzhen Stock Exchange Signs Strategic Cooperation Framework Agreement with Zhuhai Municipal Government to Serve Zhuhai’s Construction into Important Portal in Guangdong-Hong Kong-Macao Greater Bay Area
  • Shanghai Stock Exchange Responds to Reporters’ Questions on Circular 2, Guideline of the Shanghai Stock Exchange for the Application of the Self-regulatory Rules of Companies Listed on the Science and Technology Innovation Board – Voluntary Information Disclosure
  • China Securities Regulatory Commission Notifies Wu XX and Others of Suspected Insider Trading of Stocks of Wangfujing Group Co., Ltd.
  • Financial Conduct Authority of the United Kingdom Publishes Final Findings of General Insurance Pricing Practices Market Study, Promoting Fair Pricing of General Insurance Products
  • First Firms to Begin Move from Gabriel to the United Kingdom’s New Data Collection Platform, RegData
  • Australian Securities and Investments Commission and International Organization of Securities Commissions Report on Conflicts of Interest Within Debt Capital Raising Process
  • Singapore Exchange (SGX) and National Stock Exchange (NSE) Progress on NSE IFSC-SGX Connect
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Financial Services Regulatory Update 2020/09/18

  • Monetary Authority of Singapore Issues Guidelines to Strengthen Culture of Responsibility and Ethical Behavior in the Financial Industry
  • The Stock Exchange of Hong Kong Limited Announcements the Cancellation of Listing of Hong Kong Life Sciences and Technologies Group Limited
  • Hong Kong Securities and Futures Commission Commences Proceedings Against Tianhe Chemicals Group Limited and Its Executive Director for Defective Prospectus and to Seek Compensation Orders for Investors
  • Changes to the Open-ended Fund Companies Regime Take Effect on 11 September 2020
  • Hong Kong Securities and Futures Commission Bans Fabian Shin Yick for 20 Months over IPO Sponsor Failures
  • Hong Kong Securities and Futures Commission Commences Disciplinary Proceedings Against Ngai Lai Ha for Alleged Breach of Takeovers Code
  • Hong Kong Securities and Futures Commission Reprimands and Fines the Bank of East Asia, Limited $4.2 Million for Regulatory Breaches
  • Victims of New York Ponzi Scheme Recover Over US$1 Billion Following Enforcement Action of the U.S. Commodity Futures Trading Commission
  • U.S. Commodity Futures Trading Commission Charges 4 Men in Fraudulent Digital Asset Scheme
  • U.S. Commodity Futures Trading Commission Issues Guidance on Factors Used in Evaluating Corporate Compliance Programs in Connection with Enforcement Matters
  • U.S. Securities and Exchange Commission Adopts Amendments to Enhance Retail Investor Protections and Modernize the Rule Governing Quotations for Over-the-Counter Securities
  • U.S. Securities and Exchange Commission Modernizes Disclosures for Banking Registrants
  • U.S. Securities and Exchange Commission Charges Film Producer, Rapper, and Others for Participation in Two Fraudulent ICOs
  • U.S. Securities and Exchange Commission Charges Charter School Operator and its Former President With Fraudulent Municipal Bond Offering
  • Shanghai Stock Exchange Vigorously Streamlines and Optimizes the Continuous Regulatory System of Listed Companies
  • Shenzhen Stock Exchange Announces 2019 Appraisal Results of Information Disclosure of Listed Companies and Releases the Revised Measures on the Appraisal of Information Disclosure of Listed Companies
  • Shenzhen Stock Exchange Closely Monitors Trading of Xin Jiang TianShan Animal Husbandry Bio-engineering Co., Ltd and Advises Small and Medium Investors to be Rational
  • Shenzhen Stock Exchange Requires Xin Jiang TianShan Animal Husbandry Bio-engineering Co., Ltd to Suspend Trading Again for Inspection, Striving to Strengthen the Supervision of Speculation on Small-cap Stocks and Under-performing Stocks
  • China Securities Regulatory Commission: Transferring Suspected Securities Crime Cases of Zhangzidao Group Co., Ltd and Its Related Parties to Public Security Organs According to Law
  • Shenzhen Stock Exchange Signs Strategic Cooperation Framework Agreement with Chongqing Municipality to Actively Serve Chongqing in Building an International Financial Center in the Landlocked Area
  • All SGX-listed Issuers Can Hold General Meetings by Electronic Means till June 30, 2021
  • Singapore Exchange Wins “Best Exchange for FX” at FX Markets e-FX Awards 2020
  • Singapore Exchange Welcomes the World’s Largest Chinese Pure Government Bond ETF Issued by CSOP Asset Management
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Financial Services Regulatory Update 2020/09/04

  • The Supreme Court of the United Kingdom Rules in Patent Licensing Cases Involving Unwired, Conversant, Huawei and ZTE
  • Hong Kong Securities and Futures Commission Bans TS’O Jing for Life
  • Hong Kong Securities and Futures Commission Bans Masy Lo Mee Chi for Eight Months
  • Hong Kong Securities and Futures Commission Obtains Arrest Warrants for Alleged Manipulators of Shares of Ching Lee Holdings Limited
  • Hong Kong Securities and Futures Commission Issues Restriction Notice to Freeze Client Accounts Linked to Suspected Market Manipulation of Shenwan Hongyuan Securities (H.K.) Limited
  • Former Licensee Convicted of Providing False or Misleading Information Hong Kong Securities and Futures Commission
  • Hong Kong Securities and Futures Commission Concludes Consultation on Changes to the Open-Ended Fund Companies Regime and Further Consults on Customer Due Diligence Requirements
  • Hong Kong’s Asset and Wealth Management Business Reports Strong Growth in 2019
  • Hong Kong Securities and Futures Commission Authorizes Two Exchange-Traded Funds Listed on the Stock Exchange of Hong Kong under the Cross-Listing Scheme Between Markets in Hong Kong and the Mainland
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Conclusions on Codification of General Waivers and Principles Relating to IPOs and Listed Issuers and Minor Rule Amendments
  • The Stock Exchange of Hong Kong Limited Publishes Chapter 37 Consultation Conclusions and Guidance on Disclosures in Listing Documents and Continuing Obligations under Chapter 37 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures Sanai Health Industry Group Company Limited (Stock Code: 1889) and Criticizes a Number of Its Former and Current Directors for Breaching the Listing Rules and/or the Director’s Undertaking
  • Shenzhen Stock Exchange Issues the Administration Measures for Risk Classification of Listed Companies to Advance Classified, Targeted and Technology-based Regulation
  • The Spokesperson of the Shenzhen Stock Exchange Answers Reporters’ Questions on the Reform of the ChiNext Board and the Registration-Based IPO System
  • China Securities Regulatory Commission Issues the No. 6 Guidelines for the Supervision of Non-listed Public Companies-Regulatory Requirements for Equity Incentives and Employee Stock Ownership Plans (Trial)
  • Singapore Exchange and GF Securities Corporation to Promote Greater Connectivity Between Singapore and China’s Capital Markets
  • Singapore Exchange, in Collaboration with HSBC Singapore and Temasek, Completes Pilot Digital Bond for Olam International
  • SGX Index Edge to Launch Crypto Indices in Collaboration with CryptoCompare
  • Australian Securities Investments Commission Provides Relief for Companies Planning an Initial Public Offering
  • Wirecard Card Solutions Limited Has Announced That It Is Winding-down Its FCA-regulated Business
  • Monetary Authority of Singapore Enhances Access to Liquidity Facilities to Strengthen Banking Sector Resilience
  • U.S. Commodity Futures Trading Commission Charges 5 Canadians, 1 American, and 4 Companies in US$165 Million Global Binary Options Fraud Scheme
  • U.S. Commodity Futures Trading Commission Orders Toronto-Based Firm to Pay US$500,000 for Violating Capital, Reporting, and Supervision Rules
  • U.S. Securities and Exchange Commission Adopts Rule Amendments to Modernize Disclosures of Business, Legal Proceedings, and Risk Factors Under Regulation S-K
  • U.S. Securities and Exchange Commission Modernizes the Accredited Investor Definition
  • U.S. Securities and Exchange Commission Charges Herbalife With FCPA Violations
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Financial Services Regulatory Update 2020/08/21

  • The Stock Exchange of Hong Kong Limited Issues Consultation Paper on Review of Listing Rules relating to Disciplinary Powers and Sanctions
  • The Stock Exchange of Hong Kong Limited Issues Consultation Conclusions on Review of Chapter 37 (Debt Issues to Professional Investors Only) and Guidance on Disclosures in Listing Documents and Continuing Obligations under Chapter 37 (Debt Issues to Professional Investors Only)
  • Hong Kong Exchanges and Clearing Limited Launches New Products and Microstructure Enhancements to Its MSCI Index Derivatives Suite
  • Hong Kong Securities and Futures Commission Issues Quarterly Report
  • Hong Kong Securities and Futures Commission Statement on Sanctions Imposed by the U.S. Government
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to Two Brokers to Freeze Client Accounts Linked to Suspected Market Manipulation
  • Hong Kong Securities and Futures Commission Issues Statement on Next Digital Limited
  • Hong Kong Securities and Futures Commission Commences Criminal Prosecution on Market Manipulation of Shares of Ching Lee Holdings Limited
  • U.S. Commodity Futures Trading Commission Unanimously Approves Proposals Amending Margin Requirements for Swap Dealers and Major Swap Participants
  • U.S. Commodity Futures Trading Commission Orders The Bank of Nova Scotia to Pay US$127.4 Million for Spoofing, False Statements, Compliance and Supervision Violations
  • U.S. Commodity Futures Trading Commission Orders Interactive Brokers LLC to Pay More Than US$12 Million for Anti-Money Laundering and Supervision Violations
  • U.S. Securities and Exchange Commission Charges Issuer and CEO With Misrepresenting Platform Technology in Fraudulent ICO
  • U.S. Securities and Exchange Commission Charges Hertz’s Former CEO With Aiding and Abetting Company’s Financial Reporting and Disclosure Violations
  • U.S. Securities and Exchange Commission Adopts Requirements to Ensure Public Notice, Comment, and Approval Prior to Effectiveness of NMS Plan Fees
  • Singapore Exchange Significantly Expands All-Asia Waterfront for Equity Derivatives
  • Australian Securities and Investments Commission Manages Transition to New Regulatory Regime for Litigation Funding Schemes
  • The Supreme People’s Court of the People’s Republic of China issues the Opinions on Providing Judicial Safeguard to the Reform of the ChiNext Board and the Pilot Project of the Registration-based IPO System
  • Officials from Relevant Departments of the China Securities Regulatory Commission Answered Reporter Questions regarding the “Report on Protecting United States Investors from Significant Risks from Chinese Companies” by the U.S. President’s Working Group on Financial Markets
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Financial Services Regulatory Update 2020/08/07

  • The Stock Exchange of Hong Kong Limited Invites Feedback on Proposals to Introduce a Paperless Listing & Subscription Regime, Online Display of Documents and Reduction of the Types of Documents on Display
  • Hong Kong Eastern Magistrates’ Court Convicts and Fines Brilliance Capital Management Limited and Its Director for Unlicensed Activities
  • U.S. Commodity Futures Trading Commission Charges NYMEX and Two Former Employees for Disclosing Material Non-Public Information
  • U.S. Securities and Exchange Commission Charges Affiliated Advisers for Misrepresentations About Payment for Order Flow Arrangements
  • Pharmaceutical Company and Former Executives Charged with Misleading Financial Disclosures
  • U.S. Securities and Exchange Commission Charges VALIC Financial Advisors with Failing to Disclose Payments to Promote Services to Florida Educators
  • U.S. Securities and Exchange Commission Charges Trustify Inc. and Founder in US$18.5 Million Offering Fraud
  • U.S. Securities and Exchange Commission Charges Former Georgia State Legislator with Defrauding Investors in Ponzi Scheme
  • U.S. Securities and Exchange Commission Charges CEO and Company with Investors Out of Millions
  • U.S. Securities and Exchange Commission Adopts Final Rule on the Orderly Liquidation of Covered Broker-Dealers under Title II of the Dodd-Frank Act
  • China Securities Regulatory Commission Intends to Impose Administrative Penalties on Ucar Inc. and Beijing Qwom Digital Technology Co., Ltd. for Violation of Information Disclosure
  • China Securities Regulatory Commission Issues the Opinions on the Application of Articles 28 and 45 of the Administrative Measures for the Material Assets Reorganization of Listed Companies – No.15 Opinions on the Application of Securities and Futures Laws and Guidelines on the Application of Regulatory Rules – No. 1 Listing Class
  • The Supreme People’s Court of the People’s Republic of China issues the Provisions on Several Issues Concerning Representative Litigation in Securities Disputes
  • Shenzhen Stock Exchange Releases the Notice on Corporate Bond Swap Business to Promote the Building of a Market-oriented, Rule-of-law-based Debt Management System
  • Financial Conduct Authority of the United Kingdom Launches Enhanced Financial Services Register to Protect Consumers
  • Financial Conduct Authority of the United Kingdom Consults on New Rules to Improve Open-ended Property Fund Structures
  • Singapore Exchange Pioneers Asia’s First International REIT Futures
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Financial Services Regulatory Update 2020/07/24

  • Hong Kong Court Reiterates Bases to Assist PRC Liquidators in Dealing with Hong Kong Assets – Re Shenzhen Everich Supply Chain Co Ltd [2020] HKCFI 965
  • Hong Kong Securities and Futures Commission Issues Policy Statement Relating to National Security Law
  • Hong Kong Exchanges and Clearing Limited Launches Master Special Segregated Account Service
  • OTC Clearing Hong Kong Limited Launches Clearing Services for HONIA-Based Interest Rate Products
  • The Government of Hong Kong Special Administrative Region welcomes passage of Limited Partnership Fund Bill
  • Financial Conduct Authority of the United Kingdom Seeks Views on Extending the Implementation Deadlines for the Certification Regime and Conduct Rules
  • Monetary Authority of Singapore Proposes New Powers to Enhance Effectiveness in Addressing Financial Sector-Wide Risks
  • The European Securities and Markets Authority Promotes Consistent Application of Prospectus Disclosure Requirements
  • Singapore Exchange Regulation and Nasdaq Announce Regulatory Cooperation to Help Companies Access Capital in Both Jurisdictions
  • The Supreme People’s Court of China Issues the “Minutes of the Forum on the Trial of Bond Disputes by Courts”
  • China Securities Regulatory Commission issues the “No.5 Guidelines for the Supervision of Non-listed Public Companies—Guidelines for the Continuous Supervision of Selected Listed Companies (Trial)” and Five Listed Company Periodic Report Format Guidelines
  • The China Securities Regulatory Commission Takes Over New Times Securities Co., Ltd., Guosheng Securities Co., Ltd., and Guosheng Futures Co., Ltd.
  • China Securities Regulatory Commission Issues the Guidelines on the Side Pocket Mechanism for Publicly Offered Securities Investment Funds (Trial) to Further Enhance the Risk Prevention and Control Capabilities of Publicly Offered Funds
  • Commodity Futures Trading Commission Invalidates Commodity Pool Operator Registration Exemptions for 17 Foreign Entities
  • Commodity Futures Trading Commission Sanctions Two Firms Offering Digital Asset-Based Swaps for Illegal Off-Exchange Trading and Registration Violations
  • Commodity Futures Trading Commission Approves Final Swap Dealer Capital Rule at July 22 Open Meeting and Completes All Required Rule-makings Under Section 731 of the Dodd-Frank Act
  • U.S. Securities and Exchange Commission Adopts Rule Amendments to Provide Investors Using Proxy Voting Advice More Transparent, Accurate and Complete Information
  • U.S. Securities and Exchange Commission Charges Wind Turbine Company and Individuals with Defrauding Investors
  • U.S. Securities and Exchange Commission Files Fraud Charges Against Co-Founder of IIG
  • U.S. Securities and Exchange Commission Charges Financial Advisor with Fraud for Stealing Millions from Investors
  • UBS to Pay US$10 Million for Violating Rules Which Give Priority to Retail Investors in Municipal Offerings
  • U.S. Securities and Exchange Commission Charges Silicon Valley Start-Up and CEO With Defrauding Investors
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Financial Services Regulatory Update 2020/07/10

  • Hong Kong Securities and Futures Commission Publishes Issue No.53 Takeovers Bulletin
  • Hong Kong Securities and Futures Commission Commences False Trading Prosecution Against Retail Investor
  • Hong Kong Securities and Futures Commission Bans Lai Wing Fat for 20 Months for Breaches of the Code of Conduct
  • Hong Kong Securities and Futures Commission Publishes Review of The Stock Exchange of Hong Kong Limited’s Performance in Regulating Listing Matters
  • Hong Kong Securities and Futures Commission Publishes Annual Report 2019-20
  • The Listing Committee of The Stock Exchange of Hong Kong Limited Censures State Energy Group International Assets Holdings Limited (Stock Code: 918) and Mr Zhou Xin Yu for breaching the Listing Rules and/or the Director’s Undertaking
  • The People’s Bank of China, the Hong Kong Monetary Authority, and the Monetary Authority of Macao Issued Joint Announcement on the Launch of the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area
  • Hong Kong Competition Commission Publishes Policy on Recommended Pecuniary Penalties for Anti-Competitive Conduct
  • Hong Kong Competition Tribunal Hands Down its First Judgment on Pecuniary Penalties Against Ten Construction and Engineering Companies in a Cartel Case
  • Hong Kong Eastern Magistrates’ Court Convicts and Fines Former Officer of Wonderful Wealth Group Limited for Unlicensed Activities
  • Shenzhen Stock Exchange Publishes Listed Companies Non-compliance Punishment Standards to Promote ChiNext Reform and Pilot Registration-based IPO System
  • Shanghai Stock Exchange Releases Relevant Rules for Refinancing on SSE STAR Market
  • Shanghai Stock Exchange Releases Detailed Implementation Rules for Shareholders of Companies Listed on SSE STAR Market to Reduce Shareholding through Inquiry Transfer and Placement to Specific Institutional Investors
  • U.S. Securities and Exchange Commission Charges Telegram to Return US$1.2 Billion to Investors and Pay US$18.5 Million Penalty
  • U.S. Securities and Exchange Commission Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers
  • U.S. Securities and Exchange Commission Amends Exemptive Applications Procedures
  • A Joint Investigation into Citadelle and Senjo Launched by Commercial Affairs Department of Singapore Police Force and Monetary Authority of Singapore Following Review of Developments Relating to Wirecard
  • Australian Securities and Investments Commission Issues No-action Position to Allow Right-of-use Lease Assets to Count in Satisfying AFS Licensee Requirements
  • The Climate Financial Risk Forum Publishes Guide to Help the Financial Industry Address Climate-related Financial Risks
  • Financial Conduct Authority of the United Kingdom Confirms Further Support for Consumer Credit Customers
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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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