Financial Services Regulatory Update 2022/09/30

  • Project e-HKD and Modernizing the Concept of Using Hong Kong Law as Governing Law in Contracts – Why More Contracts Should be Governed by Hong Kong Law in Future
  • Takeovers Panel of the Hong Kong Securities and Futures Commission Rules on the Price for the Mandatory General Offer for Suncity Group Holdings Limited
  • The Financial Services Development Council of Hong Kong Publishes Recommendations in relation to Cementing Hong Kong’s Role as a Premier Private Wealth Management Hub in Asia
  • Hong Kong Monetary Authority Announces the Launch of the Enhanced Competency Framework on Compliance – Hong Kong on the Right Track to Proactively Build Talent
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Financial Services Regulatory Update 2022/01/21

  • If Tobacco Advertisements are Undesirable and Banned, Should Cryptocurrency Advertisements be Banned?
  • Hong Kong Exchanges and Clearing Limited Signs New Strategic Cooperation Agreement with Shenzhen Stock Exchange to Support Greater Bay Area Development
  • Hong Kong Monetary Authority Issues Discussion Paper on Crypto-assets and Stablecoins
  • Closer Capital Markets Cooperation for Greater Synergy Between the Mainland and Hong Kong — Speech at the 15th Asian Financial Forum 2022 by Dr. Fang Xinghai, Vice Chairman of China Securities Regulatory Commission

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Financial Services Regulatory Update 2021/11/26

  • The Growing Significance of Online Platform to Facilitate Shareholders’ Meetings — Observations from the Case Re Chong Hing Bank Limited (創興銀行有限公司)
  • The Stock Exchange of Hong Kong Limited Publishes Conclusions on Reforms to Enhance Listing Regime for Overseas Issuers
  • Hong Kong Monetary Authority Takes Disciplinary Actions Against Four Banks for Contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
  • The China Securities Regulatory Commission Vice Chairman Fang Xinghai Commenting on China-ASEAN Capital Market Cooperation at the 2021 China-Singapore (Chongqing) Strategic Connectivity Demonstration Project Financial Summit
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Financial Services Regulatory Update 2021/10/29

  • Comparative Review of Regulators’ Approaches Towards Financial Institutions’ Due Diligence Against Potential Frauds, Bribery and Other Red Flags
  • Hong Kong Monetary Authority Announces a List of Eligible Banks in Hong Kong for Launching the Cross-boundary Wealth Management Connect Pilot Scheme
  • The People’s Bank of China and the Hong Kong Monetary Authority Sign the “Memorandum of Understanding on Fintech Innovation Supervisory Cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area”
  • The Stock Exchange of Hong Kong Limited Launches e-Learning on Continuing Obligations
  • Hong Kong Insurance Authority Welcomes the Inaugural Issuance of Insurance-linked Securities in Hong Kong
  • China Securities Regulatory Commission Announced Financial Derivatives Accessible to Qualified Foreign Investors
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Lectures on Hong Kong Listing Rules – How to Avoid an Option to Exit a Joint Venture (with Uncertain Exercise Price) from being Deemed as a Major Transaction Requiring Shareholders’ Approval

Lectures on Hong Kong Listing Rules

How to Avoid an Option to Exit a Joint Venture (with Uncertain Exercise Price) from being Deemed as a Major Transaction Requiring Shareholders’ Approval

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Hong Kong Licensed Corporations Alert 2021/09/17

  • The Stock Exchange of Hong Kong Limited Launches Consultation on Hong Kong’s Special Purpose Acquisition Companies (SPAC) Regime Proposing a Minimum HK$1 Billion Initial Offering, Voting-related Redemption Restrictions and Specific Role of SPAC Licensed Promoter
  • Updates on Hong Kong Securities and Futures Commission’s Anti-money Laundering and Counter-Financing of Terrorism Guidelines
  • Management Experience Requirements for Responsible Officers and Related Transferability Issues in the Hong Kong Markets
  • The Process of Regulation is Subject to Judicial Scrutiny in Open Court – Balancing Interests of Fund Investors and Public Interests in the Case of Christopher James Aarons v. Securities and Futures Commission, SFAT Application No.1 of 2021
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Financial Services Regulatory Update 2021/09/03

  • Steering Committee on Bond Market Development in Hong Kong Convenes First Meeting – Rethinking Green Finance – Should We Have “Carbon Connect”?
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Coolpad Group Limited (Stock Code: 2369) and Six Former Directors
  • Hong Kong Exchanges and Clearing Limited to Launch Derivatives Product on New MSCI China A 50 Connect Index
  • Hong Kong Exchanges and Clearing Limited Signs Memorandum of Understanding with Guangzhou Futures Exchange
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against a Former Director of Grand Peace Group Holdings Limited (Delisted, previous Stock Code: 8108)
  • Hong Kong Exchanges and Clearing Limited to Collaborate with Hong Kong Science and Technology Parks Corporation on Biotech, Fintech Initiatives
  • Hong Kong Securities and Futures Commission Concludes Consultation on Climate-Related Risks in Funds
  • Hong Kong Securities and Futures Commission Approves the Launch of an A shares Index Futures Contract by the Hong Kong Exchanges and Clearing Limited
  • Hong Kong Securities and Futures Commission and Police Conduct Joint Operation Against Listed Company and Senior Executives in HK$450 Million Corporate Fraud Case
  • Hong Kong Securities and Futures Commission Alerts the Public of Unauthorized Investment Schemes
  • Hong Kong Securities and Futures Commission Suspends Cheung Man Chit for Two Years
  • U.S. Federal Court Orders Multi-Million Dollar Ponzi Scheme Fraudster Permanently Banned from Trading and Registering with U.S. Commodity Futures Trading Commission
  • U.S. Commodity Futures Trading Commission Orders a Man to Pay US$150,000 for Registration Violation and Violations of Commodity Pool Operator Regulations
  • U.S. Federal Court Orders a Man and Two Companies to Pay Over US$15.6 Million for Forex Fraud and Registration Violations
  • U.S. Commodity Futures Trading Commission Amends Existing Brexit-Related Relief to Provide Market Certainty
  • U.S. Securities and Exchange Commission Announces Three Actions Charging Deficient Cybersecurity Procedures
  • U.S. Securities and Exchange Commission Requests Information and Public Comment on Matters Related to the Use of Digital Engagement Practices by Broker-Dealers and Investment Advisers
  • U.S. Securities and Exchange Commission Charges Global Crypto Lending Platform and Top Executives in US$2 Billion Fraud
  • U.S. Securities and Exchange Commission Charges Underwriter and Its Former CEO With Misconduct In Muni Bond Tender Offer
  • U.S. Securities and Exchange Commission Charges Healthcare Services Company and CFO for Failing to Accurately Report Loss Contingencies as part of Continuing Earnings Per Share Initiative
  • Shenzhen Stock Exchange Solicits Opinions on the Revision of the Implementation Rules on the IPO Stock Issuance and Underwriting Business on the ChiNext Board
  • Shanghai Stock Exchange Solicits Public Opinions on the Revision of Business Rules related to the Issuance and Underwriting of Shares on the STAR Market
  • Singapore Exchange Securities Trading Limited Listings Disciplinary Committee Reprimands Astaka Holdings Limited, its Present Executive Director and Former CEO Zamani Bin Kasim, and its Former CFO Lee Shih Yi
  • Singapore Exchange Regulation Charts the Way Forward on Mandatory Climate Reporting, Wants Board Diversity Disclosures
  • Australian Securities and Investments Commission Consults on Payment for Order Flow Rule Amendments
  • Australian Securities and Investments Commission Publishes Corporate Plan 2021-25
  • The Financial Conduct Authority of the United Kingdom Warns Insurance Firms over Product Governance Rules Deadline
  • The Financial Conduct Authority of the United Kingdom Reminded Firms about Potential Financial Crime Risks linked to Afghanistan
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Financial Services Regulatory Update 2021/07/09

  • Hong Kong Special Administrative Region Government Welcomes Consensus Largely Reached on BEPS 2.0 Framework, Including the Global Minimum Tax Rate Proposal, on the Same Date of Gazetting of the Securities and Futures (Amendment) Bill 2021 and the Limited Partnership Fund and Business Registration Legislation (Amendment) Bill 2021 Providing for New Fund Re-domiciliation Mechanisms
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Alltronics Holdings Limited (Stock Code: 833) and Ten Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against IntelliCentrics Global Holdings Ltd (Stock Code: 6819) and Two Executive Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against China Fortune Investments (Holding) Limited (Stock Code: 8116) and Nine Directors
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Inno-Tech Holdings Limited (In Liquidation) (Stock Code: 8202)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Chinese Food and Beverage Group Limited (Stock Code: 8272)
  • The Stock Exchange of Hong Kong Limited Publishes Revised Policy Statement on the Enforcement of the Listing Rules and Sanctions Statement
  • Hong Kong Securities and Futures Commission Publishes New Guidance on ESG Fund Disclosures
  • Hong Kong Court of Appeal Grants Hong Kong Securities and Futures Commission HK$622 Million Compensation Orders against Former Directors of EganaGoldpfeil (Holdings) Ltd
  • Hong Kong Securities and Futures Commission Reprimands and Fines Raymond Leung Tak Shing HK$400,000 for Breaches of Anti-Money Laundering Regulatory Requirements
  • Hong Kong Securities and Futures Commission Bans Lau Kwo for 12 months
  • Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption Search a Listed Company and an Underwriter
  • U.S. Commodity Futures Trading Commission Charges Three Individuals and Three Companies with Fraud in Multimillion-Dollar Precious Metals Scheme
  • U.S. Commodity Futures Trading Commission Issues Interpretation to Swap Dealers Regarding Calculating Capital Requirements
  • U.S. District Court Sanctions a Man for Fraudulent Scheme Attempting to Profit from COVID-19
  • U.S. Securities and Exchange Commission Charges Amec Foster Wheeler Limited With Foreign Corrupt Practices Act Violations Related To Brazilian Bribery Scheme
  • U.S. Securities and Exchange Commission Charges Electronic Trading Platform for Operating As An Unregistered Broker-Dealer
  • U.S. Securities and Exchange Commission Charges Self-Proclaimed Real Estate “Dealmaker” With Multiple Offering Frauds and Misappropriation of Investor Funds
  • U.S. Securities and Exchange Commission Charges Finance Employee and Friend With Insider Trading
  • U.S. Securities and Exchange Commission Charges Hedge Fund Trader in Lucrative Front-Running Scheme
  • U.S. Securities and Exchange Commission Charges Company and Two Executives for Misleading COVID-19 Disclosures
  • Singapore Exchange and Platts Partner to Provide Commodities Data and Content
  • Countdown to Singapore International Ferrous Week
  • The Financial Conduct Authority of the United Kingdom Consults on Reforms to Improve the Effectiveness of UK Primary Markets
  • Australian Securities and Investments Commission Consults on Amendments to Market Integrity Rules
  • Shenzhen Stock Exchange Actively Serves the Connection between Swiss Tech Start-ups and Capital Resources, Boosting Sino-Swiss Regular Technological Cooperation
  • Shenzhen Stock Exchange Adjusts Downward the Handling Fee of Fund Transactions to Support the Development of the Fund Market
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Financial Services Regulatory Update 2021/06/11

  • Australian Securities and Investments Commission Clarifies Requirements on Declaration of Dividends During Schemes of Arrangement – Comparison with Hong Kong Requirements – Tightening Loose Regulation in Hong Kong
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Dongyue Group Limited (Stock Code 189) and Ten Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Baytacare Pharmaceutical Co., Ltd. (Delisted, Previous Stock Code: 8197), 12 Directors and four Supervisors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Mr. Yu Jian Qiu, Executive Director and Chairman of China Metal Resources Utilization Limited (Stock Code: 1636)
  • Significant Guidances and Regulatory Initiatives of The Stock Exchange of Hong Kong Limited During the Period from May 28, 2021 to June 11, 2021
  • Hong Kong Securities and Futures Commission reprimands and Fines Ewarton Securities Limited HK$1.5 Million
  • The Court of First Instance of Hong Kong Orders Boiler Room Fraudsters to Compensate Investors
  • The Securities and Futures Appeals Tribunal of Hong Kong Allows Review for Mr. Cai Hongping against the Decision to Ban Him from Re-entering the Industry for Five Years
  • Market Misconduct Tribunal of Hong Kong Sanctions Mr. Cheng Chak Ngok for Insider Dealing in China Gas Shares
  • Hong Kong Securities and Futures Commission Suspends Mr. Lun Sheung Nim for 7.2 months
  • U.S. Commodity Futures Trading Commission Interest Rate Benchmark Reform Subcommittee Recommends July 26 for Transitioning Interdealer Swap Market Trading Conventions from LIBOR to SOFR
  • U.S. Federal Court Orders a Man to Pay More than US$500,000 for Attempting to Fraudulently Profit From COVID-19
  • U.S. Securities and Exchange Commission Charges Couple with Insider Trading on Confidential Clinical Trial Data
  • U.S. Securities and Exchange Commission Updates List of Firms Using Inaccurate Information to Solicit Investors
  • Singapore Exchange Welcomes Synergy Futures as Derivatives Trading Member
  • The Financial Conduct Authority of the United Kingdom Confirms Measures to Protect Customers from the Loyalty Penalty in Home and Motor Insurance Markets
  • Australian Securities and Investments Commission Commences Civil Proceedings against Shipbuilder Austal Limited for Continuous Disclosure Breach
  • Shenzhen Stock Exchange Further Implements Fee Cut Policy to Assist in the High-quality Development of Listed Companies
  • Shenzhen Stock Exchange Decides to Delist *ST Steyr According to Laws
  • Shenzhen Stock Exchange Strengthens Ex Post Regulation of Annual Reports in the Bond Market with a Focus on Enhancing the Fundamental Goal and Guarding Against Risks
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Financial Services Regulatory Update 2021/04/16

  • U.S. Securities and Exchange Commission’s Latest Response to the Unprecedented Surge in the Use of Special Purpose Acquisition Companies (SPACs) to List on the U.S. Securities Markets
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against My Heart Bodibra Group Limited (Stock Code: 8297) and Two Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action Against China Tangshang Holdings Limited (Stock Code: 674) and its Executive Directors
  • Hong Kong Securities and Futures Commission Reprimands and Fines Black Marble Securities Limited HK$1.8 Million for Internal Control Failings and Regulatory Breaches
  • Hong Kong Eastern Magistrates’ Court Issued Arrest Warrant for alleged Social Media Ramp-and-Dump Manipulator
  • Hong Kong Market Misconduct Tribunal Sanctions Two Former Executives for Insider Dealing in Asia Telemedia Limited Shares
  • Hong Kong Eastern Magistrates’ Court Acquits Solicitor of Insider Dealing in Shares of CASH Financial Services Group Limited
  • Hong Kong Securities and Futures Commission Reprimands and Fines Optimas Capital Limited HK$1.05 Million Over Short Position Reporting Failures
  • U.S. Commodity Futures Trading Commission Orders A Man to Pay More than US$1 Million for Role in Fraudulent Binary Options Scheme
  • U.S. Federal Court Orders Company and its Owner to Pay More Than US$32 Million for Cryptocurrency Fraud and Misappropriation Scheme
  • U.S. Federal Court Orders A Man to Pay Over $10.3 Million for Defrauding Commodity Futures Clients in Long-Running Ponzi Scheme
  • U.S. Commodity Futures Trading Commission Orders The Alista Group, LLC and a Man to Pay More Than US$2.6 Million in Precious Metals Fraud
  • U.S. Securities and Exchange Commission Charged Auditor for Failure to Register with PCAOB and Multiple Audit Failures
  • U.S. Securities and Exchange Commission Obtains Emergency Asset Freeze, Charges Actor with Operating a US$690 Million Ponzi Scheme
  • U.S. Securities and Exchange Commission Charges Felon and Six Others in Oil-and-Gas Offering Fraud
  • Singapore Exchange Welcomes Haitong International Singapore as Securities and Derivatives Clearing Member
  • Singapore Exchange Consults on Special Purpose Acquisition Companies Listing Framework
  • Singapore Exchange, Enterprise Singapore and E-Steel Announce Inaugural Singapore International Ferrous Week
  • Singapore Exchange and New Zealand’s Exchange Seal Partnership on Dairy Derivatives to Unlock Growth
  • Singapore Exchange Welcomes Zhongda (HK) Futures as Derivatives Trading Member
  • Financial Conduct Authority of the United Kingdom Warns That Younger Investors are Taking on Big Financial Risks
  • Financial Conduct Authority of the United Kingdom Launches Campaign to Encourage Individuals to Report Wrongdoing
  • Australian Securities and Investments Commission to Adopt “No-action” Position for AGMs
  • Australian Securities and Investments Commission Bans the Sale of Binary Options to Retail Clients
  • Shenzhen Stock Exchange Officially Implements Merger between Main Board and SME Board to Better Serve High-quality Economic Development
  • Shenzhen Stock Exchange Releases Survey Report on Investor Relations Management of Listed Companies in 2020
  • China Securities Regulatory Commission issued a prior notice of administrative supervision measures to Haitong Securities, Haitong Asset Management and relevant responsible personnel
  • The People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange issued “the Opinions on Financial Support for Hainan’s Comprehensively Deepening Reform and Opening-up”
  • The China Securities Regulatory Commission Publicly Solicits Opinions on the Revision of the “China Securities Regulatory Commission Administrative Licensing Implementation Procedure Regulations”
  • Shanghai Stock Exchange Held “Tracking China through Indexes” Virtual Roadshow
  • Shanghai Stock Exchange Accommodates to the Structural Changes in the Market and Strengthen the Protection of Investors’ Rights and Interests
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Financial Services Regulatory Update 2021/04/02

  • Additional Disclosure Required by Hong Kong Securities and Futures Commission of Future Intentions for Unlisted Securities When Offered as Consideration of Offer
  • The Stock Exchange of Hong Kong Limited Seeks Views on Reforms to Enhance Listing Regime for Overseas Issuers
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Harmonicare Medical Holdings Limited (Stock Code: 1509)
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against Coslight Technology International Group Limited (Stock Code: 1043) and its 10 Directors
  • The Stock Exchange of Hong Kong Limited Implements Disciplinary Action against China Yu Tian Holdings Limited (Delisted, Previous Stock Code: 8230) and its Seven Directors
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders against Former Senior Executives of Long Success International (Holdings) Limited
  • Hong Kong Securities and Futures Commission Reprimands and Fines GEO Securities Limited HK$6.3 Million for Breaching its Licensing Conditions and Failures related to the Sale of Unlisted Bonds
  • U.S. Federal Court Orders U.K. Man to Pay More Than US$571 Million for Operating Fraudulent Bitcoin Trading Scheme
  • U.S. Commodity Futures Trading Commission Orders Coinbase Inc. to Pay US$6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading
  • U.S. Commodity Futures Trading Commission Charges Former Fuel Oil Trader with Manipulating Fuel Oil Benchmark
  • U.S. Commodity Futures Trading Commission Charges Rancher and Feedyard with US$233 Million Phantom Cattle Fraud Scheme
  • U.S. Securities and Exchange Commission Issues Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act
  • Keynote Speech by Chairman YI Huiman at the China Securities Regulatory Commission Roundtable of China Development Forum 2021
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Financial Services Regulatory Update 2021/03/19

  • Enterprise Ireland launches IPO Strategic Finance Program 2021 with Euronext
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Bolina Holding Co., Ltd. (In Liquidation) (Stock Code: 1190)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of China Assurance Finance Group Limited (Stock Code: 8090)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Gold-Finance Holdings Limited (Provisional Liquidators Appointed) (Stock Code: 1462)
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Youyuan International Holdings Limited (In Liquidation) (Stock Code: 2268)
  • Market Misconduct Tribunal Sanctions Magic Holdings International Limited and its Directors for Late Disclosure of Inside Information
  • Hong Kong Securities and Futures Commission Reprimands and Fines Sino-Rich Securities & Futures Limited HK$7.2 Million for Breaches of Anti-Money Laundering Regulatory Requirements
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to 15 Brokers to Freeze Client Accounts Linked to Suspected Social Media Ramp-and-Dump Scam
  • Hong Kong Securities and Futures Commission Reprimands and Fines Yardley Securities Limited HK$5 Million for Breaches of Anti-Money Laundering Regulatory Requirements
  • U.S. Commodity Futures Trading Commission Charges Two Individuals with Multi-Million Dollar Digital Asset Pump-and-Dump Scheme
  • U.S. Commodity Futures Trading Commission Charges A Man with Fraud and Misappropriation
  • U.S. Securities and Exchange Commission Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts
  • U.S. Securities and Exchange Commission Charges Unregistered Investment Adviser with Defrauding Investors in Decade-Long Scheme
  • U.S. Securities and Exchange Commission Obtains Emergency Asset Freeze, Charges Trader with Posting False Stock Tweets
  • U.S. Securities and Exchange Commission Charges Fraudster With Selling “Insider Tips” on the Dark Web
  • U.S. Securities and Exchange Commission Charges Co-Founders of Biotech Company With US$60 Million Fraud
  • U.S. Securities and Exchange Commission Charges Owner of Real Estate Investment Company with Defrauding Investors
  • U.S. Securities and Exchange Commission Obtains Emergency Asset Freeze, Charges An Individual with Fraud Involving Sham Bottling Company
  • Shenzhen Stock Exchange Notifies Abnormal Trading of “China Development Bank 2009” and “China Development Bank 2008” to Remind Investors to Trade Rationally
  • Shenzhen Stock Exchange Firmly Implements New Development Philosophy and Launches Sci-Tech Innovation Bonds and Carbon-neutral Special Bonds
  • Shenzhen Stock Exchange Resolutely Fulfills Primary Responsibility of Delisting and Promotes Delisting of KDX in Accordance with Laws and Regulations
  • Shenzhen Stock Exchange Launches 2021 “Investor Service Season” Campaign
  • China Securities Regulatory Commission Issues the Rules of Organization for the Administrative Punishment Committee
  • Questions & Answers on Kangdexin’s Delisting Given by the Spokesperson of China Securities Regulatory Commission
  • Shanghai Stock Exchange Introduces Carbon-Neutral Green Bond, Serving National Strategies and Promoting Green Development
  • Take the China-Central and Eastern European Capital Market Collaboration to the Next Stage: Shanghai Stock Exchange Signs MOU with Belgrade Stock Exchange
  • Singapore Exchange Welcomes Aztech Global Ltd. to Mainboard
  • Singapore Exchange and Marex Spectron Collaborate on Ferrous Analytics Offering
  • Financial Conduct Authority of the United Kingdom Confirms the Increase in Thresholds for Contactless Payments
  • Australian Securities and Investments Commission Cancels Urban Commercial Group’s Australian Credit License
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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 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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Financial Services Regulatory Update 2020/11/13

  • U.S. Securities and Exchange Commission Awards Over US$28 Million to a Whistleblower – Outline of the U.S. Whistleblower Program
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Tenwow International Holdings Limited (In Provisional Liquidation) (Stock Code: 1219)
  • The Hong Kong Exchange and Clearing Limited Introduces Futures and Options on Hang Seng TECH Index
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Conclusions on Corporate Weighted Voting Rights
  • The Stock Exchange of Hong Kong Limited Announces the Cancellation of Listing of Boshiwa International Holding Limited (Provisional Liquidators Appointed) (Stock Code: 1698)
  • Hong Kong Securities and Futures Commission Issues Statement on U.S. Sanctions
  • Zeng Lingxi Pleads Not Guilty to Charges of Obstructing the Hong Kong Securities and Futures Commission’s Search Operation
  • Hong Kong Securities and Futures Commission Reprimands and Fines Credit Suisse (Hong Kong) Limited HK$2.1 million over Breaches of Electronic Trading Requirements
  • Hong Kong Securities and Futures Commission Publicly Censures Ngai Lai Ha and Imposes a Cold-shoulder Order for Breach of the Takeovers Code’s Mandatory General Offer Obligation
  • U.S. Commodity Futures Trading Commission Exempts Additional Singapore Recognized Market Operators from Swap Execution Facility Registration Requirements
  • U.S. Commodity Futures Trading Commission Expands its Part 30 Exemptive Program to Improve Global Market Access for U.S. Customers
  • U.S. Federal Court Orders a Company and its Principal to Pay Over US$900,000 for Digital Asset and Forex Ponzi Scheme
  • U.S. Securities and Exchange Commission Harmonizes and Improves “Patchwork” Exempt Offering Framework
  • U.S. Securities and Exchange Commission Publishes Notice of German Substituted Compliance Application and Proposed Order
  • The Australian Financial Services Royal Commission‘s Reforms Postponed for Six Months Due to the Pandemic
  • Australian Securities and Investments Commission to Further Extend Financial Reporting Deadlines for Listed and Unlisted Entities and Amends ‘No Action’ Position for AGMs
  • Financial Conduct Authority of the United Kingdom Announces Changes to Open Banking Identification Requirements
  • Financial Conduct Authority of the United Kingdom Bans Three Individuals from Working in the Financial Services Industry for Non-Financial Misconduct
  • Monetary Authority of Singapore Steps Up Enforcement Actions Against Market Abuse and Financial Misconduct
  • Bank Indonesia and Monetary Authority of Singapore Extend Bilateral Financial Arrangement
  • Monetary Authority of Singapore Launches Productivity Solutions Grant to Help Small Financial Institutions Adopt Digital Solutions for Data Reporting
  • Singapore Exchange Expands Clearing Relationship with CME Group, Adding Pan-Asia Benchmark Equity Derivatives to Mutual Offset Link
  • Ant Group Co., Ltd. Decides to Suspend its Listing on the Science and Technology Innovation Board
  • Jiangsu Yabaite Technologies Co., Ltd. Commits the Crime of Illegal Disclosure of Important Information
  • Shanghai Stock Exchange Responds to Questions from the Press on Guidelines No.1 on the Application of Securities Trading Rules of the Shanghai Stock Exchange for Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors
  • Shenzhen Stock Exchange Revises and Releases Implementation Rules for QFIIs and RQFIIs to Further Promote High-level Opening-up of the Capital Market
  • The Shanghai Stock Exchange formulates the Three-year Action Plan for Improving the Quality of Companies Listed on the Shanghai Stock Exchange
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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 2020/09/04

  • 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 2020/06/26

  • 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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