Daily News Headlines

  • Daily News Headlines – 18 May 2020

    Circular to Licensed Corporations and Associated Entities - Anti-Money Laundering / Counter-Financing of Terrorism (1) United Nations Sanctions (Central African Republic) Regulation 2020 (2) United Nations Sanctions (Libya) Regulation 2019 (Amendment) Regulation 2020 (3) United Nations Sanctions (Yemen) Regulation 2019 (Amendment) Regulation 2020

    SFC, 15 May 2020

    LCs and AEs are reminded to refer to Chapter 6 of the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations) (“AML Guideline”) which contains guidance on the appropriate measures that LCs and AEs should take to ensure compliance with the regulations made under the UNSO.  LCs and AEs are reminded to report any transactions or relationships they have or have had with any designated person or entity to the Joint Financial Intelligence Unit.

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    ESMA announces open hearing on benchmarks consultation paper

    ESMA, 15 May 2020

    The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, will hold an open hearing for its Consultation Paper on draft Regulatory Technical Standards (RTS) under the Benchmarks Regulation (BMR) on Friday 29 May via conference call.

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    Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens

    MAS, 15 May 2020

    MAS has published consultation response to MAS' proposed regulatory approach under the Securities and Futures Act for derivatives contracts that reference payment tokens (e.g. Bitcoin) as underlying assets.

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    SEC Adopts Amendments to the CAT NMS Plan to Improve Transparency and Financial Accountability

    US SEC, 15 May 2020

    The Securities and Exchange Commission today voted to adopt amendments to the national market system plan governing the consolidated audit trail (the “CAT NMS Plan”) to bring additional transparency, governance, oversight, and financial accountability to its implementation.

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