Circular to Licensed Corporations and Associated Entities - Anti-Money Laundering / Counter-Financing of Terrorism Early Alert on United Nations Sanctions
SFC, 6
May 2020
The sanctions committee of the
United Nations Security Council (“UNSC”) which administers the sanctions regime
for the Central African Republic amended the details of one individual on its
sanction list on 5 May 2020 (New York time). Please refer to the relevant
press release issued by the UNSC in Attachment 1 and the updated sanctions list
in Attachment 2.
Full Text: Click for here ; Attachment 1: Click for here ; Attachment 2: Click for here
ESMA
extends four trade repositories registrations to include Securities Financing
Transactions Reporting
ESMA, 6
May 2020
The European Securities and Markets
Authority (ESMA), the EU’s securities markets regulator, has approved the
extension of registrations of four trade repositories (TRs) to include
securities financing transactions (SFT) reporting under the Securities Financing
Transactions Regulation. The TRs concerned are DTCC Derivatives Repository plc,
UnaVista TRADEcho B.V., Krajowy Depozyt Papierów Wartościowych S.A. and
REGIS-TR S.A. with effect from 7 May 2020.
Full Text: Click for here
ESMA
reminds firms of Conduct of Business Obligations under MIFID II
ESMA, 6
May 2020
The European Securities and Markets
Authority (ESMA), the EU’s securities markets regulator, is issuing a Public
Statement on the risks for retail investors when trading under the highly
uncertain market circumstances due to the COVID-19 pandemic. ESMA also reminds
investment firms of the key conduct of business obligations under MiFID when
providing services to retail investors.
Full Text: Click for here
ESMA
consults on sme growth markets
ESMA, 6
May 2020
The European Securities and Markets
Authority (ESMA), the EU’s securities markets regulator, has today launched a
consultation on the functioning of the Small and Medium-sized enterprises (SME)
Growth Market regime in the European Union (EU) and on two draft technical
standards, introduced by the amendments to the Market Abuse Regulation (MAR)
for the promotion of the use of SME Growth Markets.
Full Text: Click for here
FCA
secures orders for victims of unauthorised share scheme
FCA, 6
May 2020
Following an investigation by the
Financial Conduct Authority (FCA), the Court ordered that:
- The directors of Our Price Records
(OPR), Lee Skinner and Karen Ferreira, should pay £3,619,352 and £2,792,889
respectively in restitution for their roles in the unlawful promotion of OPR
shares to the public. The Court also found that Mr Skinner was aware that OPR
was making false or misleading statements and dishonestly concealing material
facts in its promotional material.
- Marketing agents Clive Mongelard
(aka Clive Harris), Tyrone Miller and Venor Associates Ltd (“Venor”), who
operated under the name “Gemini”, are jointly and severally liable to pay £1,207,050
in restitution for their roles in the unlawful promotion of OPR shares and for
arranging for investors to acquire shares in OPR without authorisation. The
Court also found that Venor advised investors on the merits of acquiring shares
in OPR without authorisation and made false or misleading statements to
consumers. Mr Mongelard was found to be involved in these breaches.
- The FCA may not recover a total
sum from all the Defendants greater than the total investor losses of
£3,619,352.
Full Text: Click for here
Guidelines
on The Securities and Futures (Offers of Investments) (Temporary Exemption From
Sections 277(1)(c) and 305B(1)(b)) Regulations 2020
MAS, 6
May 2020
Guidance on the publication of an
electronic version of an offer information statement and inclusion of
cautionary statements in relation to offers of securities, securities-based
derivatives contracts or units in collective investment schemes made in
reliance on sections 277 or 305B of the Securities and Futures Act, read with
the Securities and Futures (Offers of Investments) (Temporary Exemption from
Sections 277(1)(c) and 305B(1)(b)) Regulations 2020
Full Text: Click for here
Electronic
Dissemination of Rights Issue and Take-over Documents Allowed Until 30
September 2020
MAS, 6
May 2020
The Monetary Authority of Singapore
(MAS), the Securities Industry Council (SIC) and the Singapore Exchange
Regulation (SGX RegCo) have today introduced temporary measures to allow with
immediate effect until 30 September 2020 [1] , listed issuers and parties
involved in rights issues and take-over or merger transactions the option to
electronically disseminate Offer Documents through publication on SGXNET and
their corporate websites. There is thus no need to despatch hardcopy Offer
Documents as required under the Securities and Futures Act, the Singapore Code
on Take-overs and Mergers, and the SGX Listing Rules.
Full Text: Click for here
SEC
Directs Equity Exchanges and Financial Industry Regulatory Authority to Improve
Governance of Market Data Plans
US
SEC, 6 May 2020
The Securities and Exchange
Commission today issued an order directing the equity exchanges and the
Financial Industry Regulatory Authority (FINRA) (the participants) to submit a
new National Market System plan (NMS plan) with a modernized governance
structure for the production of public consolidated equity market data and the
dissemination of trade and quote data from trading venues.
Full Text: Click for here
SEC
Charges Bloomberg Tradebook for Order Routing Misrepresentations
US
SEC, 6 May 2020
The Securities and Exchange
Commission today filed settled charges against registered broker-dealer
Bloomberg Tradebook LLC for making material misrepresentations and omitting
material facts about how the firm handled certain customer trade orders.
Full Text: Click for here
