All posts tagged "Code of Conduct"
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242EnforcementNomura Releases New Code of Conduct for Employees
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
December 5, 2019 -
281InternationalFMSB Issues Final Guidance on Conflicts of Interest
The FICC Markets Standards Board offers guidance to help market participants effectively deal with conflicts of interest that arise within their firms.
October 16, 2019 -
1.5KEnforcementSFC Fines SEAVI Advent Ocean Private Equity HK$1mn
The SFC has reprimanded and fined SEAVI Advent Ocean Private Equity for allowing unlicensed individuals to perform regulated functions, in breach of the Code of Conduct.
October 7, 2019 -
275Australia & NZRBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk
RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.
September 18, 2019 -
241UncategorisedPhilippines Moves to End Abusive Practices by Fintech Lenders
A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.
September 18, 2019 -
591EnforcementSFC Fines HSBC HK$2.1m for Phone Recording Failures
Voice recording was inadvertently not enabled on some private banking service lines, resulting in over 5,800 client order instructions not being tape-recorded.
September 11, 2019 -
616AML / KYCHKMA Issues Clarification on Non-Face-to-Face Onboarding
In line with SFC requirements, the HKMA says banks need not re-verify a client’s identity when opening an investment account if they’ve already done so for bank account opening.
August 24, 2019 -
490Australia & NZFMA to Open Applications for New Adviser Licences in November
Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.
July 26, 2019 -
835FeatureSFC Strengthens Protections for Client Assets Held by AIs
Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.
July 9, 2019 -
754AML / KYC
SFC Enables Technology Approach for Overseas Client Onboarding
From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.
July 1, 2019
