Financial Services Regulatory Update 2019/03/29

  • Hong Kong Securities and Futures Commission Reprimands and Fines BOCI Securities Limited HK$10 Million for Regulatory Breaches in Selling Investment Products
  • Hong Kong Securities and Futures Commission Issues Circular on Implementation of Online Platform Guidelines and Offline Requirements for Complex Products
  • Hong Kong Securities and Futures Commission Issues Restriction Notices to Nine Brokers to Freeze Client Accounts Linked to Suspected Market Manipulation of China Ding Yi Feng Holdings Limited Shares
  • Hong Kong Securities and Futures Commission Publishes Statement on Security Token Offerings
  • Highlights of the Speech by Mr Ashley Alder, Chief Executive Officer of Hong Kong Securities & Futures Commission, at Bloomberg BuySide Summit 2019 on “Greening the Financial System”
  • The Stock Exchange of Hong Kong Limited’s Announcement Relating to Cloud Investment Holdings Limited – Cancellation of Listing
  • The Stock Exchange of Hong Kong Limited Updates and Streamlines Guidance Materials
  • The Stock Exchange of Hong Kong Limited Publishes its Latest Listing Committee Report
  • The Stock Exchange of Hong Kong Limited Publishes Guidance on Reasons for Rejected Listing Applications in 2018
  • Hong Kong Monetary Authority Issues Circular on a Statement on Crypto-assets Issued by the Basel Committee on Banking Supervision
  • Hong Kong Monetary Authority Issues Circular on Updating the Supervisory Policy Manual module CR-G-14
  • Hong Kong Monetary Authority Welcomes a Hong Kong Bank Launching Remote Onboarding Service for Opening Mainland Bank Accounts
  • Hong Kong Monetary Authority Issues Code of Practice Chapter in Relation to Financial Institutions (Resolution) (Loss-absorbing Capacity Requirements – Banking Sector) Rules
  • Hong Kong Monetary Authority Issues Circular on Implementation Arrangements on the Enhanced Investor Protection Measures for Sale and Distribution of Debt Instruments with Loss-absorption Features and Related Products
  • Hong Kong Monetary Authority Grants Virtual Banking Licenses
  • U.S. Securities and Exchange Commission Charges Volkswagen AG and Former CEO With Defrauding Bond Investors During “Clean Diesel” Emissions Fraud
  • U.S. Securities and Exchange Commission Charges Registered Investment Adviser and Former Chief Operating Officer With Defrauding Client
  • U.S. Securities and Exchange Commission Adopts Rules to Modernize and Simplify Disclosure Requirements
  • U.S. Securities and Exchange Commission Proposes Offering Reforms for Business Development Companies and Registered Closed-End Funds
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated Pays Over US$8 Million to Settle U.S. Securities and Exchange Commission’s Charges for Improper Handling of American Depositary Receipts
  • U.S. Depository Trust & Clearing Corporation Outlines Guiding Principles for Post-Trade Processing of Tokenized Securities
  • U.S. Commodity Futures Trading Commission and Monetary Authority of Singapore Publish Joint Statement Regarding the Mutual Recognition of Certain Derivatives Trading Venues in the United States and Singapore
  • Monetary Authority of Singapore Sets out Enforcement Outcomes and Priorities in Inaugural Enforcement Report
  • China Adopts Foreign Investment Law
  • Financial Conduct Authority of the United Kingdom Publishes a Statement in Relation to Endorsement of Credit Ratings from the European Union into the United Kingdom in the Event of a No-deal Brexit
  • Prudential Regulation Authority and Financial Conduct Authority of the United Kingdom Agree Memorandum of Understanding with European Banking Authority
  • Financial Conduct Authority of the United Kingdom Proposes Changes for Customers to Get More Affordable Mortgage
  • Financial Conduct Authority of the United Kingdom Acts to Improve Competition in the Investment Platforms Market
  • Financial Conduct Authority of the United Kingdom Fines UBS AG £27.6 Million for Transaction Reporting Failures
  • Financial Conduct Authority of the United Kingdom Introduces United Kingdom Benchmarks Register
  • Serious Fraud Office of the United Kingdom Opens Investigation into London Capital & Finance Plc
  • European Securities and Markets Authority Publishes a Statement on Application of the Trading Obligation for Shares Following a No-Deal Brexit
  • European Securities and Markets Authority Agrees to Renew Restrictions on Marketing, Distribution or Sale of Contracts for Differences for a Further Three Months
  • Australian Securities and Investments Commission Extends Relief Provided for Business Introduction Services
  • Australia Develops Blockchain Roadmap and Strategy
  • Canadian Securities Administrators Consult on Regulatory Framework for Crypto-asset Trading Platforms
  • Cyprus Securities and Exchange Commission Reforms Investor Compensation Fund to Enhance Investor Protection
  • Cyprus Securities and Exchange Commission Reminds Regulated Entities on Notification Deadline for Financial Conduct Authority of the United Kingdom’s Temporary Permissions Regime
  • Italian Companies and Exchange Commission Publishes Communication on Obligations of Both British Intermediaries Operating in Italy and Vice-Versa on No-Deal Brexit
  • Italian Companies and Exchange Commission Publishes Communication on Over the Counter Derivative Contracts and Trading Venues
  • Dubai Financial Services Authority signs a Memorandum of Understanding with Morocco’s Bank Al Maghrib on Authorization and Supervision of Banks Across Borders
  • Belgium Approves the New Code of Companies and Associations
  • Swiss Financial Market Supervisory Authority Launches Consultation on the New Accounting Standards for Banks
  • German Federal Financial Supervisory Authority Publishes Information Regarding Investment Funds from the United Kingdom
  • Securities and Exchange Board of India Issues Circular on Clarification on participation of Eligible Foreign Investors in Commodity Derivatives in International Financial Services Centre
  • Autorité des Marchés Financiers Launches a Consultation on Proposed Measures to Prohibit and Restrict Marketing Binary Options and Contract for Difference Products
  • European Commission Welcomes European Parliament’s Vote in Favor of Modernized Copyright Rules Fit for Digital Age
  • Insurance Authority of Hong Kong Consults on the Proposed Codes of Conduct for Licensed Insurance Agents and Licensed Insurance Brokers
  • Singapore Exchange Expands Foreign Exchange Growth Pillar with Strategic Investment in BidFX
  • Singapore Securities Investors Association and Institute of Directors Publish Guide on Best Practices for Shareholder Meetings
  • Shenzhen Stock Exchange and Luxembourg Stock Exchange Launch the Green Fixed Income Information Channel
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