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Hong Kong Securities and Futures Commission Bans Chan Ka Hey For 6 months

Date 28/07/2022

The Securities and Futures Commission (SFC) has banned Mr Chan Ka Hey, a former relevant individual of Standard Chartered Bank (Hong Kong) Limited (SCBHK), from re-entering the industry for six months from 28 July 2022 to 27 January 2023.
China-Switzerland Stock Connect Officially Launched

Date 28/07/2022

On July 28, 2022, Mr. Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission, and Ms. Daniela Stoffel, State Secretary of the Swiss Federal Department of Finance, jointly announced the official launch of the China-Switzerland Stock Connect and delivered speeches. Mr. Wang Shiting, Chinese Ambassador to Switzerland, attended and addressed the launch ceremony, followed by speeches of Mr. Thomas Zeeb, Head Exchanges of the SIX Swiss Exchange, Mr. Cai Jianchun, President of the Shanghai Stock Exchange, and Ms. Sha Yan, President & CEO of the Shenzhen Stock Exchange. The launch ceremony was also attended by Mr. Wang Guojian, Deputy Director-General of the Capital Account Management Department of the State Administration of Foreign Exchange and Mr. Kong Qingwen, General Manager of China Securities Depository and Clearing Corporation Limited.
Shieldpay And Western Union Business Solutions Partner To Provide Foreign Exchange (FX) On International Transactions

Date 28/07/2022

Shieldpay, the market leader in secure digital payments, today announced its partnership with Western Union Business Solutions, a global leader in cross-border, cross-currency money movement and payments to provide customers with secure online payments and Foreign Exchange (FX) capability when trading internationally or dealing with foreign currencies.
Participation In Investor Communications Japan’s (ICJ) Proxy Platform Surpasses 1,700 Listed Companies

Date 28/07/2022

Investor Communications Japan (ICJ), a joint venture by Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and the Tokyo Stock Exchange Inc. (TSE), announced today that the number of share-issuing companies on its electronic proxy voting platform (the Platform) has exceeded 1,700 listings, an increase of 499 companies since June 2021.
EGX Index Committee Approves The Semi-Annual Periodic Review Of EGX’s Indices

Date 28/07/2022

EGX30, EGX30 CAPPED, EGX30 TR (EGX30 CAPPED, EGX30 TR are having the same constituents of EGX30) witnessed the exclusion of 3 companies with a new 3 companies abiding to the eligibility criteria. EGX50 EWI index witnessed the exclusion of 8 companies in return to be replaced by 8 new companies. 20 companies were excluded from EGX70 EWI index, 1 of them joined EGX30 index. Finally, EGX100 EWI witnessed exclusion of 19 companies with a new 19 companies.

Former BlackRock Executive Joins Jacobi Asset Management As CEO

Date 28/07/2022

Jacobi Asset Management (Jacobi), a pioneer in next-generation digital asset investment management, announces the appointment of Martin Bednall as its new CEO, effective 1st August 2022. Bednall will also continue in his role at FinEx Capital Management.
Japan Financial Services Agency: Open Policy Lab Initiative

Date 28/07/2022

The FSA has established the Open Policy Lab, a framework for voluntary submission of policy proposals by employees that is intended to train and better use employees, centered on young employees, and invigorate the organization and also to promote the formulation of novel and original policies by actively accepting employees' new inspirations and ideas.
Hong Kong Securities And Futures Commission Reprimands And Fines KTF Capital Management Limited $400,000 For Breaching Financial Resources Rules

Date 28/07/2022

The Securities and Futures Commission (SFC) has reprimanded and fined KTF Capital Management Limited (KTFCM) (formerly known as Forchn International Asset Management Co. Limited and Rega Technologies Limited) $400,000 for failures to comply with the Securities and Futures (Financial Resources) Rules (FRR).
ASIC’s First DDO Stop Orders To Prevent Offer Of Financial Products To Consumers

Date 28/07/2022

ASIC has placed interim stop orders on three financial firms in response to deficiencies in the target market determination (TMD) for their products. These actions are ASIC’s first use of the stop order powers under the design and distribution obligations (DDOs), which took effect on 5 October 2021.
Bursa Malaysia Announces RM127.4 Million Profit After Tax And Zakat For The First Half Of 2022

Date 28/07/2022

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recorded a Profit After Tax and Zakat (“PAT”) of RM127.4 million for the first half ended 30 June 2022 (“1H2022”), a 39.4% decrease from RM210.4 million reported in the previous corresponding half ended 30 June 2021 (“1H2021”). The decrease in PAT is due to lower operating revenue by 26.4% to RM309.4 million from RM420.2 million in 1H2021, primarily caused by a decline in securities trading revenue. Meanwhile, total operating expenses saw a 1.9% decrease to RM143.2 million in 1H2022, compared to RM146.1 million in 1H2021.