Simplified Arrangements for Sale and Distribution of
Eligible Retail Bonds Issued by Government and Related Organisations
HKMA, 31 Jul 2020
Registered institutions (“RIs”) can execute customers’
orders of these bonds without triggering the suitability requirement if
solicitation or recommendation is not involved. Where there is solicitation or recommendation,
RIs may adopt a risk-based approach in performing suitability assessment,
having regard to the nature, structure and risks of these bonds.
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EBA and ESMA launch consultation to revise joint
guidelines for assessing the suitability of members of the management body and
key function holders
ESMA, 31 Jul 2020
The European Banking Authority (EBA) and the European
Supervisory Market Authority (ESMA) launched today a public consultation on
their revised joint Guidelines. This review reflects the amendments introduced
by the fifth Capital Requirements Directive (CRD V) and the Investment Firms
Directive (IFD) in relation to the assessment of the suitability of members of
the management body. The consultation runs until 31 October 2020.
The Guidelines further specify that a gender-balanced
composition of the management body is of particular importance. Institutions
should respect the principle of equal opportunities for any gender and take
measures to improve a more gender-balanced composition of staff in management
positions.
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