News Centre

Global Green Finance Index 4: Western Europe Leads In Green Finance, But Is Nature Being Forgotten?

Date 27/09/2019

Europe Dominates

Western Europe continues to lead the world’s financial centres in green finance. This may reflect the work being undertaken by the European Union on strategy, regulation, and measurement; and the work of central banks in Europe to embed sustainability in their regulatory work.

Hong Kong Securities And Futures Commission Issues Restriction Notice To A Broker To Freeze Client Accounts Related To A Corporate Officer’s Suspected Breach Of Duties

Date 27/09/2019

The Securities and Futures Commission (SFC) has issued a restriction notice to KGI Asia Limited (KGI), prohibiting the broker from dealing with or processing certain assets held in several client accounts which are beneficially owned by an individual who is suspected of breaching his duties towards a listed corporation.

UK Financial Services Authority: Further Details Of Independent Investigation Of Connaught Income Fund Series 1 Announced

Date 27/09/2019

Raj Parker has announced that the independent investigation into the approach to, implementation and oversight of the Connaught Income Fund Series 1 (the Fund) is now up and running and is inviting affected individuals to get in touch.

New Director Of The European Union Agency For The Cooperation Of Energy Regulators Designated

Date 27/09/2019

The Administrative Board of the EU Agency for the Cooperation of Energy Regulators (ACER) has designated1 Mr Christian Zinglersen as Director of the Agency. The designation took place yesterday and it followed a favourable opinion from the Board of Regulators. Before appointment, Mr Christian Zinglersen will be invited to make a statement before the competent committee of the European Parliament. His term of office is five years (renewable once for up to five years) as of 1 January 2020.  

Historical Moment: Romania Is Promoted To Emerging Market Status

Date 27/09/2019

• Global index provider FTSE Russell promoted Romania to Emerging Market from Frontier Market status, as announced on September 26th, three years after the country was added to the Watch List.
• The reclassification of the status will become effective in September next year.

CCRIF Announces Final Payout Numbers Of US$12.8 Million To The Bahamas Following Hurricane Dorian

Date 27/09/2019

CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the country affecting 2 of the 16 main islands that make up this archipelago of islands and cays.

Hong Kong Securities And Futures Commission Proposes To Regulate Trustees And Custodians Of Public Funds

Date 27/09/2019

The Securities and Futures Commission (SFC) today launched a consultation on a proposal to regulate depositaries of SFC-authorized collective investment schemes (CIS). Depositaries operating in Hong Kong would be licensed by or registered with the SFC for a new type of regulated activity, RA 13, and be subject to the ongoing supervision of the SFC or the Hong Kong Monetary Authority (HKMA).

Kazatomprom Secondary Offering - Strong Demand Through AIX From Both Local And International Investors

Date 27/09/2019

On September 26, 2019, Kazakhstan Sovereign Wealth Fund Samruk-Kazyna (“Samruk-Kazyna”) sold 9.86 million global depositary receipts (GDRs) representing interests in ordinary shares of JSC NAC “Kazatomprom” (Kazatomprom) by way of an accelerated bookbuild through the London Stock Exchange (“LSE”) and the AIX.

Tokyo Commodity Exchange: Base Prices For December 2020 Contracts Of Electricity

Date 27/09/2019

The base prices for Immediately Executable Price Range (DCB Level) and Circuit Breaker Trigger Level (SCB Level) for December 2020 contracts of Electricity on the First Trading Day, September 30th, 2019, shall be as below.

Japan's Financial Services Agency: Update On Progress Toward Further Efficiency And Transparency In The Screening Procedures For Licensing And Registration Of Financial Businesses

Date 27/09/2019

Since the 2016 fiscal year, the Financial Services Agency (FSA) has indicated its policy direction to “execute proper progress management for registration/licensing procedure by list method for greater efficiency and transparency of financial regulation,” and has announced its action plan and specific initiatives.*
*https://www.fsa.go.jp/en/news/2017/20170210-1.html
  https://www.fsa.go.jp/en/news/2017/20171107.html
  https://www.fsa.go.jp/en/news/2018/20180604.html (FSA website)