All posts tagged "Intermediaries"

HKMA Notifies Banks of Enhanced Competency Framework

Banks are asked to review and assess the impact of the SFC's revised framework and take action to ensure compliance.

New Competency Framework to Take Effect from January: SFC

Raising professional standards is crucial to maintain quality markets, particularly in view of the rapidly evolving financial landscape, says SFC chief Ashley Alder.

DeFi May Be Subject to Licensing Requirement, Warns Thai SEC

The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.

Shanghai, Shenzhen Bourses Consult on New Bond Issuance Rules

Rules requiring issuers to have credit ratings are removed, investor rights protection mechanisms are enhanced, and obligations on intermediaries are strengthened.

SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs

In a joint statement with the stock exchange, the SFC says it will not hesitate to take enforcement action against intermediaries for IPO-related misconduct.

IOSCO Finds Gaps in BCP Rules for Trading Venues, Intermediaries

Some jurisdictions have regulatory requirements for critical systems of trading venues that do not extend to outsourced functions.

SEBI Requires Intermediaries to Seek Approval for Change in Control

CSRC Targets ‘Shadow Shareholders’ in New Guidelines

A 36 month lock up period is being introduced for investors who purchase shares in companies within 12 months before their IPO applications.

SFC Sets Out Conduct Standards Expected in Capital Raisings

The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.

SEBI Proposes New Process for KYC in Securities Market

Under the proposal, KYC Registration Agencies, stock exchanges and depositories would be responsible for client KYC processes.