SFC proposes changes to the Code on
Real Estate Investment Trusts
SFC News, 9 Jun
2020
The Securities and
Futures Commission (SFC) today began a two-month consultation on proposals to
amend the Code on Real Estate Investment Trusts (REITs) to provide Hong Kong
REITs with more flexibility in making investments.
Full Text: Click Here; The Standard: Click Here
ESMA Extends Deadline
for Responses to Consultation no EMIR REFIT
ESMA News, 9 Jun
2020
The European Securities
and Markets Authority (ESMA), the EU’s securities markets regulator, has
decided, in view of the effects of the ongoing COVID-19 pandemic on
stakeholders and market participants, to extend the response date for the
consultation on the technical standards on reporting, data quality, data access
and registration of Trade Repositories under EMIR REFIT to 3 July 2020.
Full Text: Click Here
ESAS Announce Public
Hearing on ESG Disclosures
ESMA News, 9 Jun
2020
The three European Supervisory
Authorities (EBA, EIOPA and ESMA - ESAs) will organise a public hearing on
proposed environmental, social and governance (ESG) disclosure standards for
financial market participants, advisers and products.
Full Text: Click Here
Government Puts
Forward Tax Information Authority Bill
Ministry of
Financial Services Cayman Islands Government, 8 Jun 2020
The Tax Information
Authority bill seeks to strengthen compliance, enforcement and cooperation
functions of the competent authority (i.e. the Tax Information Authority). The
provisions in the Bill will, among other things, allow for enhanced
collaboration between the competent authority and other Government authorities
under appropriate legal channels, and further demonstrate Cayman’s compliance
with international standards regarding the exchange of information for tax
purposes.
Full Text: Click Here
SEC Charges
California Trader Engaged in Manipulative Trading Scheme Involving COVID-19
Claims
US SEC Press
Release, 9 Jun 2020
The Securities and
Exchange Commission today charged a penny stock trader in Santa Cruz,
California, with conducting a fraudulent pump-and-dump scheme in the stock of a
biotechnology company by making hundreds of misleading statements in an online
investment forum, including a false assertion that the company had developed an
“approved” COVID-19 blood test.
Full Text: Click Here
MAS launches $1.75m
fintech innovation challenge
The Straits Times,
9 Jun 2020
The Monetary Authority
of Singapore (MAS) has launched a $1.75 million competition to seek innovative
fintech solutions that can help financial institutions respond to two critical
global challenges: Covid-19 and climate change.
Full Text: Click Here
