News Centre

Hong Kong Securities And Futures Commission And Hong Kong Independent Commission Against Corruption Jointly Investigate Suspected Misconduct In Public Office

Date 29/11/2024

The Securities and Futures Commission (SFC) today confirmed that a former staff member is one of the three individuals in a case of suspected misconduct in public office brought by the Independent Commission Against Corruption (ICAC) as a result of a joint investigation which is still underway. The other two defendants are a senior government counsel of the Department of Justice and a registered nurse of the Hospital Authority.

Japan Financial Services Agency - Living In Japan: How to Open A Bank Account And Send Money

Date 29/11/2024

The FSA published pamphlets for people from foreign countries living in Japan about how to open a bank account and to send money. (Revised in September 2024)

The Shanghai Stock Exchange Issues Infrastructure REITs Periodic Reporting Guidelines To Promote The Quality Of Information Disclosure

Date 29/11/2024

On November 29th, under the guidance of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange issued "Guidelines No. 6 of the Shanghai Stock Exchange on the Application of the Rules for Publicly Offered Infrastructure REITs—Annual Report (Trial)" and "Guidelines No. 7 of the Shanghai Stock Exchange on the Application of the Rules for Publicly Offered Infrastructure REITs—Interim Report and Quarterly Report (Trial)" (hereinafter collectively referred to as "Periodic Reporting Guidelines"). The issuance of Rules is conducive to further improving the construction of the system of duration rules for infrastructure REITs with "assets management" as the core.

Canadian Securities Regulators To Provide Temporary Relief From Requirements For Delivering Proxy-Related Material

Date 28/11/2024

In response to the full disruption of postal service in Canada, the Canadian Securities Administrators (CSA) will be providing temporary relief from requirements to deliver proxy-related material for annual meetings.

Canadian Securities Regulators Propose Amendments To The Principal Distributor Model

Date 28/11/2024

The Canadian Securities Administrators (CSA) has published for comment proposed amendments to the principal distributor model in the distribution of mutual funds.

OECD: Global Forum Celebrates 15 Years Of Progress And Extends Tax Transparency To The Crypto-Asset Sector

Date 28/11/2024

After 15 years of sustained efforts to promote transparency and international co-operation in the fight against tax evasion, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), gathering in Asunción, Paraguay, for its 17th Plenary meeting, marked the occasion with a major advance on the implementation of the recently developed Crypto-Asset Reporting Framework (CARF). The Plenary meeting was opened by an address from the President of the Republic of Paraguay, Mr Santiago Peña Palacios, and brought over 400 delegates from more than 110 jurisdictions and 13 international bodies together, to reflect on the latest collective achievements, discuss emerging challenges and chart the future of the Global Forum.

Canadian Securities Regulators Reduce Regulatory Burden For Investment Funds In Continuous Distribution

Date 28/11/2024

The Canadian Securities Administrators (CSA) today announced final rules modernizing the prospectus filing model for investment funds that reduce regulatory burden without affecting the quality or timeliness of information available to investors.

Basel Committee Publishes A Range Of Practices Report On Implementing A Positive Neutral Countercyclical Capital Buffer

Date 28/11/2024

• Basel Committee has published a range of practices report on implementing a positive neutral countercyclical capital buffer (CCyB).
• An increasing number of jurisdictions have voluntarily chosen to introduce a positive neutral CCyB when risks are judged to be neither subdued nor elevated.
• The report considers the different jurisdictional frameworks for implementing a positive neutral CCyB.

Inclusive Growth: Laying Foundations, Seizing Innovations, Speech By Sarah Pritchard, UK Financial Conduct Authority Executive Director, Markets And Executive Director, International At The TISA (The Investing And Saving Alliance) Annual Conference

Date 28/11/2024

Highlights

• FCA welcomes the Government’s focus on financial inclusion and will continue to play our part through our new 5-year strategy.
• Improved financial inclusion and resilience can accelerate growth.
• Technological innovation, when well-managed, will play a key role.

LME Group Fees And Charges 2025

Date 28/11/2024

This Notice sets out the fees and charges for the LME and LME Clear (together “LME Group”) that will take effect from 1 January 2025.