News Centre

Hong Kong's Securities And Futures Commission Reprimands And Fines HSBC Broking Securities (Asia) Limited $9.6 Million For Regulatory Breaches Over Bond Sale

Date 20/07/2018

The Securities and Futures Commission (SFC) has reprimanded and fined HSBC Broking Securities (Asia) Limited (HSBCBS) $9.6 million for systemic deficiencies in its bond selling practices.

hanghai Stock Exchange, Shenzhen Stock Exchange Adjust Scope Of Stocks Of Hong Kong Stock Connects

Date 20/07/2018

Smooth operation has been seen in the stock exchanges connectivity mechanism between the Chinese mainland and Hong Kong since its launch, which has promoted the cooperation and development of the two sides and received favorable response from the markets. Till the end of June 2018, the accumulative trading volume of Shanghai – Hong Kong Stock Connect and Shenzhen – Hong Kong Stock Connect had reached RMB11.67 trillion. In particular, the Shanghai Stock Connect (northbound) reached the accumulated trading volume of RMB4.96 trillion, the average daily trading volume of RMB5.897 billion, and the accumulated net inflow of RMB281.059 billion; those for Shenzhen Stock Connect (northbound) were RMB1.94 trillion, RMB5.324 billion, and RMB226.639 billion respectively; and those for the southbound Hong Kong Stock Connects under Shanghai – Hong Kong Stock Connect and Shenzhen – Hong Kong Stock Connect were RMB4.77 trillion, RMB7.315 billion and RMB695.13 billion. The scale of the southbound Hong Kong Stock Connect under Shanghai – Hong Kong Stock Connect has kept expanding, increasing from 268 stocks at the beginning of its launch to 317; and that of the southbound Hong Kong Stock Connect under Shenzhen – Hong Kong Stock Connect has also increased from 417 to 462.

CFTC Reduces Risk For Customer Funds Held By Derivatives Clearing Organizations By Expanding Investment Options

Date 19/07/2018

The Commodity Futures Trading Commission (CFTC) unanimously approved an order that allows registered derivatives clearing organizations (DCOs) to invest customer euro cash in French and German sovereign debt.  Allowing DCOs to invest customer euro cash in high-quality European sovereign debt poses less risk than the current practice of holding customer euro cash at commercial banks.

Canadian Securities Regulators Publish Final Amendments On Report Of Exempt Distribution

Date 19/07/2018

The Canadian Securities Administrators (CSA) today published final amendments to National Instrument 45-106 Prospectus Exemptions, which revise Form 45-106F1 Report of Exempt Distribution (Report). The CSA also made a related change to Companion Policy 45-106CP Prospectus Exemptions.

Federal Court In District Of Columbia Orders “Prediction Market” Companies To Pay $3 Million Civil Monetary Penalty For Illegally Trading Binary Options And Violating A 2005 CFTC Cease And Desist Order

Date 19/07/2018

The Commodity Futures Trading Commission (CFTC) today announced that on July 5, 2018, Senior Judge Royce C. Lamberth of the U.S. District Court for the District of Columbia issued an Opinion and Order (Order) against Defendants Intrade The Prediction Market Limited (Intrade) and Trade Exchange Network Limited (TEN), Irish companies based in Dublin, Ireland, requiring them to pay, jointly and severally, a $3 million civil monetary penalty for violations of the Commodity Exchange Act (CEA) and CFTC Regulations.

Canadian Securities Regulators Highlight Common Deficiencies In Issuers’ Continuous Disclosure

Date 19/07/2018

The Canadian Securities Administrators (CSA) today published Staff Notice 51-355 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2018 and March 31, 2017, a biennial report that summarizes CSA staff’s ongoing review of reporting issuers’ (issuers) continuous disclosure and highlights common deficiencies and best practices.

European Commission - Capital Markets Union: Commission Provides Guidance On Protection Of Cross-Border EU Investments

Date 19/07/2018

The Commission has today issued guidance to help EU investors to invoke their rights before national administrations and courts and to help Member States to protect the public interest in compliance with EU law.

CFTC Chairman Giancarlo To Testify Before The House Committee On Agriculture

Date 19/07/2018

EIOPA Appoints More Retail User Expert Representatives To Its Insurance And Pensions Stakeholder Groups - Five Of Them Are From BETTER FINANCE And Its Member Organisations

Date 19/07/2018

On 17 July EIOPA, the European Insurance and Occupational Pensions Authority announced the new composition of its two “stakeholder groups”: the Insurance and Reinsurance one (IRSG), and the Occupational Pensions one (OPSG).

United Kingdom Parliament Treasury Committee Update: Letter From The Chancellor Of The Exchequer To The Chair Regarding EU Financial Services Regulation, 7 July 2018

Date 19/07/2018

Click here to download the letter from the Chancellor of the Exchequer to the Chair regarding EU financial services regulation, 7 July 2018.