SFC commences criminal prosecution against Zeng Lingxi
for obstruction of search operation
SFC, 20 Aug 2020
The Securities and Futures Commission (SFC) has commenced
criminal proceedings at the Eastern Magistrates’ Court against Ms Zeng Lingxi
for obstructing employees of the SFC in the execution of a search warrant and
in exercising the powers under the Securities and Futures Ordinance (SFO)
during a search operation in May 2020.
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SFC issues quarterly report
SFC, 20 Aug 2020
To ensure that Hong Kong’s international financial markets
function efficiently during the COVID-19 outbreak, the SFC stepped up its
supervisory work and stress tests and allowed a measure of flexibility for some
regulatory requirements. It also issued a joint statement with The Stock
Exchange of Hong Kong Limited (SEHK) to provide guidance to listed companies on
holding general meetings for shareholders when social distancing requirements
are in effect.
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HKEX Launches New Products and Microstructure
Enhancements to its MSCI Index Derivatives Suite
HKEX, 20 Aug 2020
HKEX’s wholly-owned subsidiary, Hong Kong Futures Exchange
Limited (HKFE), has expanded its licensing agreement with MSCI Limited to
include the broad-based MSCI Taiwan 25/50 Index, and plans to launch US-dollar
(USD) denominated MSCI Taiwan 25/50 Index Futures and MSCI Taiwan 25/50 Net
Total Return Index Futures (collectively, “MSCI Taiwan 25/50 Index Futures”) on
28 September 2020, subject to regulatory approvals.
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Singapore’s stock exchange to partner FTSE Russell for
derivatives offerings after MSCI moves futures to Hong Kong
SCMP, 20 Aug 2020
The new partnership builds on existing FTSE Russell
offerings on the Singapore bourse, which include index futures on the FTSE
China A50 and the city’s benchmark FTSE Straits Times Index. The SGX began
offering FTSE Taiwan index futures in July and plans to launch real estate
investment trust futures tied to the FTSE EPRA Nareit Asia ex-Japan REITs Index
at a later date.
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MAS acts to stop misleading sale of critical illness
plans
MAS, 20 Aug 2020
SOME unsavoury financial advisers have tried to upsell
critical illness (CI) plans on exaggerated claims that more illnesses are due
to be harder to claim - a move that has prompted the regulator to step in to
put a stop to it.
In response to queries from The Business Times, the Monetary
Authority of Singapore (MAS) on Thursday said it received feedback on
misleading insurance sales practices relating to fresh changes on CI coverage
as outlined by the Life Insurance Association (LIA) Singapore.
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Five former remisiers charged with false trading
The Business Times, 21 Aug 2020
A RING of five men rigged the prices of as many as 55
securities in Singapore over more than a year.
For the alleged elaborate scheme, the former remisiers from
various brokerages were charged in the State Courts on Thursday morning with
false trading.
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