Investment banking
From offline to online: upholding investor protection in sale of complex products
As investment services go digital, Hong Kong regulators have found it necessary to issue tailored guidance to protect investors. From 6 April and 23 August 2019 respectively, new guidelines from the Securities and Futures Commission (SFC) and the Hong Kong … Continue reading
Casting the regulatory net over virtual assets – new regulation in Hong Kong for crypto fund managers, fund distributors and trading platforms
Yesterday, the Securities and Futures Commission (SFC) published a statement (Statement), together with a press release, setting out its new regulatory framework for virtual assets (also known as cryptocurrencies, crypto-assets and digital tokens).
Hong Kong SFC announces investor ID regime for Northbound trading under Stock Connect
On 30 November 2017, the Securities and Futures Commission (SFC) announced that it had reached an agreement with the China Securities Regulatory Commission (CSRC) on proposals to introduce an investor identification (investor ID) regime for Northbound trading under the Mainland-Hong … Continue reading
Filed under Announcements, Hong Kong, Investment banking
FCA publishes proposals to extend the Senior Managers and Certification Regime
The FCA has published proposals to replace the Approved Persons Regime with the Senior Managers and Certification Regime (SMCR) currently in force for banks. Almost all financial services firms will be required to comply with the SMCR. There is a … Continue reading
Filed under Asset management, Banking, Funds, Investment banking, Investment Funds, UK
Managing risk: a disputes perspective (2017)
Herbert Smith Freehills recently held its annual disputes client conference exploring some key legal and compliance risks facing major corporates. Following opening remarks by Mark Shillito, head of dispute resolution for the UK and US, there were presentations on cyber … Continue reading
#MAR_bitesize
Investment recommendations Increased scope The former Market Abuse Directive (MAD) imposed requirements designed to ensure the objective presentation of investment recommendations and the disclosure of interests and conflicts of interest on the part of producers or disseminators of such recommendations. … Continue reading
Filed under Asset management, Banking, EU, Investment banking, Investment Funds, Uncategorized
UK: One month to deadline for implementing FCA and PRA whistleblowing rules
Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar. However, there is one particular deadline for regulated firms that demands urgent attention. Under … Continue reading
Filed under FCA, Insurance, Investment banking, PRA, Retail Banks, UK
#MAR_bitesize
Extra-territorial scope of MAR: impact on non-EU firms Article 2(4) of MAR applies the "prohibitions and requirements" within MAR to behaviour that occurs both within the EU and in a third county. In other words, MAR is intended to have … Continue reading
Filed under EU, Europe, European Regulation, France, Germany, Investment banking, Italy, Spain, Ukraine
AIFMs, UCITS managers and proprietary trading firms: EU MAR surveillance and STORs requirements apply
With just under 5 weeks to go before the Market Abuse Regulation comes into application across the EU, the European Securities and Markets Authority (ESMA) on Monday clarified that the obligations to detect and report market abuse under Article 16(2) … Continue reading
Filed under Asset management, Banking, EU, Funds, Insurance, Investment banking, Investment Funds, Uncategorized
