All posts tagged "suitability"
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136EnforcementSFC Suspends GEO Securities Executive for 7.2 Months
GEO's breaches were attributable to Lun Sheung Nim's failure to discharge his duties as a responsible officer and member of the senior management.
June 11, 2021 -
150KoreaFSC Korea Issues Guidance on Investment Suitability Tests
The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.
June 4, 2021 -
244EnforcementHKEX Finalises Rule Changes to Enhance Market Quality
HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.
May 21, 2021 -
270Feature
HKEX Proposes to Streamline Listing Regime for Overseas Issuers
The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.
April 3, 2021 -
198EnforcementSFC Fines GEO Securities for Breaching Licence Conditions
The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.
March 25, 2021 -
861Australia & NZCBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit
ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.
November 2, 2020 -
766KoreaKorea to Amend Law to Protect Private Equity Fund Investors
The revisions will enhance oversight and risk assessment of private equity funds, and prevent illiquid funds from being marketed to retail investors.
October 2, 2020 -
549Australia & NZASIC Launches Court Proceedings Against Volkswagen Financial Services
ASIC says Volkswagen contravened the responsible lending provisions of the National Credit Act in relation to 49,380 loan contracts.
December 24, 2019 -
677Australia & NZASIC Offers Clarity on Responsible Lending Obligations
ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.
December 10, 2019 -
872Enforcement
Korea Progresses Financial Consumer Protection Bill
The bill, approved by the national policy committee, contains six sales regulations to be applied to all financial products and establishes a legal basis for penalising firms in violation.
November 28, 2019
