Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.
September 13, 2023SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.
September 4, 2023The annual licensing fees were first waived for the 2020/21 financial year for a one year period, but it has since been extended each year.
March 28, 2023The draft guidance covers any situation where an intermediary is involved in the distribution of a financial institution’s products or services.
February 23, 2023Intermediaries are asked to submit their BCAN-CID Mapping Files as soon as possible to ensure sufficient time to verify the data and rectify any errors.
February 7, 2023DAOs have the potential to address the shortcomings of traditional firms while also realising more equitable governance and operations.
January 21, 2023SEBI proposes to allow mediation and arbitration to be conducted entirely online and to only have a sole arbitrator rather than a panel deciding cases.
January 4, 2023Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
December 29, 2022Some "unscrupulous intermediaries" have been advertising and promoting "illegal" loan conversion as a way to reduce interest costs.
December 27, 2022The SFC has decided to "provide more time for the industry’s preparation" and has announced a 20 March 2023 launch date for the HKIDR.
December 13, 2022