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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