News Centre

Hong Kong Securities And Futures Commission: Court Convicts And Fines Brilliance Capital Management Limited And Its Director For Unlicensed Activities

Date 24/07/2020

The Eastern Magistrates’ Court today convicted Brilliance Capital Management Limited (BCM) and its director Mr Law Sai Hung in a prosecution brought by the Securities and Futures Commission (SFC) for holding out as carrying on a business in advising on corporate finance without an SFC licence.

UK Financial Conduct Authority: Updated Guidance For Insurance And Premium Finance Firms

Date 24/07/2020

The FCA has today announced proposals to extend a series of temporary measuresto help customers who hold insurance and premium finance products and who may be in temporary financial difficulties because of coronavirus (Covid-19).

GPW Group Introduces A New Product On The Exchange Agricultural Market

Date 24/07/2020

• As of 24 July 2020, Polish Power Exchange (TGE), GPW Group subsidiary, offers trade in standardised class B and C rye grains on the Agricultural and Food Commodity Market (RTRS)
• Like trade in wheat, trade in rye on RTRS will be offered on the spot market in the single-price system and the auction system
• Since the launch, RTRS has 32 authorised warehouses and 3 authorised brokers

Transfer Of Products From Tokyo Commodity Exchange To Osaka Exchange -Product Transfer Will Take Place On July 27, As Scheduled

Date 24/07/2020

As a result of the production rehearsal test today, product transfer from Tokyo Commodity Exchange to Osaka Exchange will be implemented on July 27 as scheduled, and trading of transferred products will commence on the same day at Osaka Exchange.

Europex Response – REMIT Fee Design & Implementation Consultation

Date 24/07/2020

Europex welcomes the opportunity to take part in the present consultation. Below we provide our input to the Commission’s online questionnaire in an amended format to facilitate its publication on the Europex website.

CFFEX: Circular On Approving Membership Change Of Two Futures Companies

Date 24/07/2020

China Financial Futures Exchange (CFFEX) approved two Trading Members, Huajin Futures Co., Ltd. and J.P. Morgan Futures Co., Ltd. to alter to Trading Clearing Members.

New Zealand Financial Markets Authority Publishes Derivatives Issuer Sector Risk Assessment

Date 24/07/2020

The Financial Markets Authority (FMA) has today published a report identifying key risks in the Derivatives Issuer (DI) sector and highlighted future focus areas to improve sector compliance.

ASIC Releases Minor Updates To RG 97

Date 24/07/2020

ASIC today released minor amendments to the fees and cost disclosure regime for issuers of superannuation and managed investment products. 

SGX RegCo Requires Best World To Address Independent Reviewer’s Findings

Date 24/07/2020

Singapore Exchange Regulation (SGX RegCo) refers to the Notice of Compliance issued to Best World International Ltd (Company) on 13 May 2019, the Company’s interim update of 22 March 2020 on the independent review by PricewaterhouseCoopers Advisory Services Pte Ltd (PwC) and the Company’s announcement of 23 July 2020 on PwC’s final report. PwC completed its review and reported its findings solely to SGX RegCo.  

US Justice Department Reaches Settlement With Bank Of America To Resolve Claims Of Disability Discrimination And Compensate Victims - Complaint Alleges That Bank Refused To Issue Mortgages To Individuals Who Are Under Guardianships

Date 23/07/2020

The Department of Justice and the U.S. Attorney’s Office for the Eastern District of New York today filed a civil complaint and proposed settlement agreement to resolve claims that Bank of America, N.A. (Bank) engaged in a pattern or practice of discrimination on the basis of disability, in violation of the Fair Housing Act.  The settlement agreement is subject to approval by the federal district court.