Financial Services Regulatory Update 2019/07/26

  • Australian Securities and Investments Commission Proposes to Ban Unsolicited Telephone Sales of Life Insurance and Consumer Credit Insurance
  • Cyprus Securities and Exchange Commission Signs a Memorandum of Understanding with Institute of Certified Public Accountants of Cyprus
  • European Securities and Markets Authority Consults on Disclosure Guidelines under the Prospectus Regulation
  • U.S. Commodity Futures Trading Commission Issues Order Finding that Korea Exchange, Inc. Made a False and Misleading Certification
  • Hong Kong Securities and Futures Commission Bans Song Peng for 10 Months
  • Hong Kong Securities and Futures Commission Suspends Hui Kwok Piu for Illegal Short Selling
  • Hong Kong Securities and Futures Commission Reprimands and Fines Lee’s Securities Company Limited HK$520,000 for Internal Control Failings
  • Hong Kong Securities and Futures Commission Reprimands and Fines Glory Sun Securities Limited HK$1.2 Million and Suspends its Current and Former Responsible Officers
  • Hong Kong Court Sets Pre-trial Review for Unlicensed Activities Prosecution Brought by the Hong Kong Securities and Futures Commission
  • Hong Kong Monetary Authority Issues Circular on Leverage Ratio Treatment of Client Cleared Derivatives and Revisions to Leverage Ratio Disclosure Requirements
  • Hong Kong Monetary Authority Releases Report on the Money Laundering and Terrorist Financing Risk Assessment for the Stored Value Facility Sector
  • The Listing Committee of GEM of the Stock Exchange of Hong Kong Limited Censures or Criticizes China Regenerative Medicine International Limited and Twelve of its Current and Former Directors for Breaching the GEM Listing Rules and the Director’s Undertaking
  • Highlights of the Speech by Hong Kong Privacy Commissioner at the 2019 Asia Privacy Forum in Singapore on Compliance with Regulatory Requirements, Accountability and Data Ethics
  • Insurance Authority of Hong Kong Signs Memorandum of Understanding on Delegation of Powers to the Monetary Authority
  • U.S. Securities and Exchange Commission Charges Accountant and Friend in US$6.2 Million Insider Trading Scheme
  • U.S. Commodity Futures Trading Commission and Securities and Exchange Commission Invite Public Comment on a Joint Proposal to Align Margin Requirements for Security Futures with Requirements for Similar Financial Products
  • U.S. Securities and Exchange Commission Staff Publishes Statement Highlighting Risks for Market Participants to Consider as They Transition Away from London Inter-Bank Offered Rate
  • U.S. Securities and Exchange Commission and North American Securities Administrators Association Explain Application of Securities Laws to Opportunity Zone Investments
  • Nomura Securities International Inc. Pays Misled Bond Customers US$25 Million to Settle U.S. Securities and Exchange Commission Charges
  • U.S. Commodity Futures Trading Commission and the Japan Financial Services Agency Issue a Joint Statement Regarding the Comparability of Certain Derivatives Trading Venues in the U.S. and Japan
  • Financial Conduct Authority of the United Kingdom Announces HSBC to Extend Redress Scheme for Customers Impacted by Historical Debt Collection Practices
  • European Securities and Markets Authority Warns Contracts for Differences Providers on Application of Product Intervention Measures
  • European Securities and Markets Authority Publishes Report on the Licensing of Fintech Firms across Europe
  • European Securities and Markets Authority Launches Consultation on Cost of Market Data and Consolidated Tape
  • Singapore Exchange Regulation Requires Exit Offers to be Fair and Reasonable and Shareholder Vote to Exclude Offeror and Concert Parties
  • Singapore Exchange Regulation Consults on Proposed Enhancements to Securities Trading Auction Mechanism
  • China Seeks Public Comments on the Optimization of the Business Environment Regulations (Draft for Comment)
  • Shanghai Stock Exchange Replies to Inquiries on 2018 Annual Reports of Corporate Bond Issuers
  • Shanghai Stock Exchange Implements Opinions on Judicial Guarantee for Launching the Sci-Tech Innovation Board and Piloting the Registration-Based IPO System
  • Shanghai Stock Exchange Releases “Memorandums on Information Disclosure of Companies Listed on Sci-Tech Innovation Board” and Supporting Guidelines for Announcement Formats
  • Shenzhen Securities Information Co., Ltd Joins the Index Industry Association
  • Export-Import Bank of China’s Financial Bonds Debut on Shenzhen Stock Exchange
  • Australian Securities and Investments Commission Consults on Proposal to Intervene to Stop Consumer Harm in Short Term Credit
  • Australian Securities and Investments Commission Finds Unacceptable Sales Practices, Poor Product Design and Significant Remediation Costs in Consumer Credit Insurance Sold by Major Banks and Lenders
  • Caldwell Investment Management Ltd. Pays CAD1.8 Million to Settle Ontario Securities Commission of Canada’s Charges for Violating Trade Execution Rules
  • Financial Services and Markets Authority of Belgium Authorizes European Money Markets Institute as Administrator of the EURIBOR Benchmark
  • Abu Dhabi Global Market Partners with Ajman Department of Land and Real Estate Regulation to Enhance Economic Integration between Abu Dhabi and Ajman
  • Thailand Securities and Exchange Commission Seeks Public Comments on Proposed Amendments to Term Fund Rules
  • Hong Kong Securities and Futures Commission Takeovers and Mergers Panel Rules against Waiver of General Offer Obligation in Proposed Maanshan Iron & Steel Company Limited Acquisition
  • Hong Kong Securities and Futures Commission and Independent Commission Against Corruption Operation Leads to Charging of Ex-Convoy Global Holdings Limited Executive Directors and Broker’s General Manager
  • China Banking and Insurance Regulatory Commission Continues Preferential Treatment to Hong Kong Reinsurance Industry
  • Facebook Inc. Settle with U.S. Securities and Exchange Commission and Federal Trade Commission
  • China Implements Measures for Further Opening Up the Financial Sector
  • The First Batch of 25 Companies Debuts on Shanghai Stock Exchange STAR Market
  • Shanghai Stock Exchange Replies to Inquiries on Trading Mechanism of STAR Market in the Initial Stage of Opening
  • Shanghai Stock Exchange STAR Market 50 Component Index Will Be Released
FS_Regulatory_Update_JML_20190726

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