News Centre

ESMA Updates Guidance On Waivers From Pre-Trade Transparency

Date 23/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, published today an updated opinion providing guidance on pre-trade transparency waivers for equity and non-equity instruments. It covers guidance related to request for quote systems, guidance on how trading venues should apply for a waiver to their national competent authority, and updates on frequently encountered issues when assessing waiver notifications.

FEAS Newsletter: December 2020

Date 23/12/2020

Hong Kong Securities And Futures Commission Issues Restriction Notice To A Broker To Freeze Client Accounts Linked To Suspected Market Manipulation

Date 23/12/2020

The Securities and Futures Commission (SFC) has issued a restriction notice to CNI Securities Group Limited (CNI), prohibiting it from dealing with or processing certain assets held in three client accounts, which are related to suspected market manipulation in the shares of a company listed on The Stock Exchange of Hong Kong Limited.

EBA Publishes Final Technical Standards On Reporting Of MREL Decisions From Authorities To EBA

Date 23/12/2020

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) specifying uniform reporting templates, instructions and methodology for the identification and transmission, by resolution authorities to the EBA, of information on minimum requirements for own funds and eligible liabilities (MREL). These standards are part of the EBA's major programme of work to implement the BRRD and address the problem of too-big-to-fail banks.

Hong Kong Securities And Futures Commission Reprimands And Fines Fulbright Securities Limited $3.6 Million

Date 23/12/2020

The Securities and Futures Commission (SFC) has reprimanded Fulbright Securities Limited (Fulbright) and fined it $3.6 million for internal control failures relating to short selling and for failing to report related short selling incidents to the SFC in a timely manner as required by the SFC’s Code of Conduct.

HKFE Obtains U.S. Commodity Futures Trading Commission Certification For Hang Seng TECH Index Futures Contracts

Date 23/12/2020

Hong Kong Futures Exchange Limited (“HKFE”) is pleased to announce that the U.S. Commodity Futures Trading Commission (“CFTC”) has certified the Hang Seng TECH Index Futures to be offered and sold to persons in the United States (“U.S.”). U.S. investors can trade the contracts within the U.S.

Securities Commission Malaysia: Former Managing Director Jailed And Fined For Insider Trading

Date 23/12/2020

The Kuala Lumpur Sessions Court today convicted and sentenced former managing director of DIS Technology Holdings Berhad (DISTECH), Cheah Yew Keat, for insider trading, an offence under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA).

Shanghai International Energy Exchange Has Released Its Trading Schedule During National Holidays For Year 2021

Date 23/12/2020

Shanghai International Energy Exchange has released its Trading Schedule during National Holidays for Year 2021 as follows: 

Pursuant to the Circular on Issues Concerning the Holiday Schedule for Year 2021 (ZJBF [2020] No.74 ) issued by the General Office of the China Securities Regulatory Commission (“CSRC”), Shanghai International Energy Exchange (“INE”) hereby announces the following trading schedule during national holidays for year 2021:

HKEX: OTC Clear Completes 1st Trades For Japanese Banks Via Client Clearing

Date 23/12/2020

• Trades reflect increased client demand for CCS clearing services through HKEX
• Strong growth in CCS clearing volumes for first nine months to 30 September 2020, up 17 per cent to US$62 billion

Japan Financial Services Agency: Memorandum Of Cooperation With The Commissione Nazionale Per Le Società E La Borsa Of Italy (CONSOB)

Date 23/12/2020

On December 22, the Financial Services Agency and the Commissione Nazionale per le Società e la Borsa of Italy (CONSOB) signed a Memorandum of Cooperation (MoC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in Japan and Italy