All posts tagged "Underwriting"
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616EnforcementSFC Fines UBS and Others HK$787mn for IPO Sponsor Failures
“The sanctions send a strong and clear message to the market that we will not hesitate to hold errant sponsors accountable for their misconduct,” said SFC chief Ashley Alder.
March 15, 2019 -
754EnforcementUBS, StanChart to Settle Hong Kong IPO Misconduct Case
The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.
March 12, 2019 -
404EnforcementSFC Suspends China Merchants Securities Exec Over Sponsor Work
The SFC said Wu Yinong breached the Code of Conduct and the Sponsor Guidelines when he was a sponsor principal in charge of supervising the execution of a 2009 listing application.
February 28, 2019 -
1.4KFeatureInsurance a Critical Part of Cyber Risk Response – MAS
Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.
February 1, 2019 -
443ChinaChina Consults on Rules for Shanghai’s New Science and Technology Board
New rules under consultation cover auditing, issuance, listing, underwriting, trading and supervision of companies listed on the SSE's new science and technology board.
January 31, 2019 -
349ChinaChina Details Penalties for Bond Underwriting Kickbacks
The CSRC will ban or impose penalties on firms engaging that help companies with low creditworthiness issue debt in exchange for under-the-table payments.
September 21, 2018 -
463Australia & NZASIC Pursues Civil Penalty for ANZ Disclosure Breach
ANZ failed to disclose in its 2015 capital raising that underwriters Citi and Deutsche took up one-third of its share placement.
September 17, 2018 -
377Capital RegulationChina Scraps Ceiling on Banks Investing in Local Govt Bonds
A 20% ceiling was introduced in 2012 to prevent banks from buying up bonds issued by their own underwriting departments; banks can now buy any portion of a bond sale that is not fully subscribed.
September 6, 2018 -
301EnforcementSFC Bans Former StanChart Securities Executive for Three Years
Joseph Hsu Kay Hing failed to exercise appropriate care in his responsibilities as sponsor principal and responsible officer during the supervision of a 2009 listing application.
July 20, 2018 -
283EnforcementCCB Hong Kong Unit Fined for IPO Sponsor Failures
SFC has fined CCB International Capital HK$24mn for failing to conduct reasonable due diligence for seafood company Fujion Dongya Aquatics in its 2014 listing.
July 10, 2018
