SFC commences false trading prosecution against retail
investor
SFC, 2 Jul 2020
The Securities and Futures Commission (SFC) today commenced
criminal proceedings at the Eastern Magistrates’ Court against Mr Ke Wen Hua
for alleged false trading in the shares of Carry Wealth Holdings Limited on 4
September 2012.
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SFC publishes review of SEHK’s performance in regulating
listing matters
SFC, 2 Jul 2020
This report summarises the key findings and recommendations
of the Securities and Futures Commission’s (SFC) 2019 review regarding the
performance of The Stock Exchange of Hong Kong Limited (Exchange or SEHK as the
case may be) in its regulation of listing matters.
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SFC tells stock exchange to improve Chinese Wall
The Standard, 3 Jul 2020
The Securities and Futures Commission has told the Stock
Exchange of Hong Kong to improve its "Chinese wall" protocols among
other changes to better manage potential conflicts of interest.
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Joint MAS-ESG-ACRA-ABS Response to Queries on Commodity
Financing Standards in Singapore
MAS, 2 Jul 2020
The Monetary Authority of Singapore (MAS), Enterprise
Singapore (ESG), Accounting and Corporate Regulatory Authority (ACRA) and the
Association of Banks in Singapore (ABS) affirm the industry efforts to enhance
commodity financing standards in Singapore. Banks are taking a collaborative
approach to develop a set of best practices for the commodities industry and
will be consulting the trading companies. This will strengthen Singapore’s
resilience, relevance and competitiveness as a global commodities trading hub.
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Banks in Singapore to tighten commodity financing
practices after collapse of oil trader Hin Leong
Strait Times, 3 Jul 2020
Commodity trade financiers in Singapore are teaming up to
improve lending practices and transparency after a spate of defaults. "These
practices will strengthen banks' lending standards and facilitate continued
lending to trading companies," Ho Hern Shin, assistant managing director,
banking and insurance, at the MAS, said in the statement on Thursday.
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