Policy Statement by the Securities and
Futures Commission
SFC, 19 Jul 2020
The SFC would like to clarify that it is not aware of any aspect of
the NSL which would affect or alter the existing ways in which firms and listed
companies originate, access, disseminate and transmit financial market and
related business information under the regulatory regime it administers. For
example, the principles applicable to, and methodologies used by, analysts in
terms of the sources of information and data they use and the manner in which
their views and opinions are expressed in their reports should remain
unaltered.
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Statements issued by the Financial Action Task Force (For SVF
Licensees/AIs)
HKMA, 17 Jul 2020
In response to the COVID-19 pandemic, the FATF decided on a general
pause in the review process for the list of “high-risk jurisdictions subject to
a call for action” and “jurisdictions under increased monitoring”. Stored value
facility (SVF) licensees should therefore continue to refer to the HKMA
circular on “Statements issued by the Financial Action Task Force” dated 11
March 2020, in particular, applying the enhanced due diligence measures and
other counter-measures in relation to Iran and the Democratic People’s Republic
of Korea.
SVF Licensees: Click Here; Ais: Click Here
Circular to Money Service Operators - Anti-Money Laundering /
Counter-Terrorist Financing (1) United Nations Sanctions (ISIL and Al-Qaida)
Regulation (2) United Nations (Anti-Terrorism Measures) Ordinance
HKMSOA, 17 Jul 2020
An updated list of “individuals, groups, undertakings and entities”
was published on the website of the Commerce and Economic Development Bureau (“CEDB”)
under section 25 of the United Nations Sanctions (ISIL and Al-Qaida) Regulation
(“Regulation”) (Cap. 537CB) on 17 July 2020.
An updated list specifying terrorists and terrorist associates
designated by the UNSC was published under section 4 of the United Nations
(Anti-Terrorism Measures) Ordinance (“the UNATMO”) (Cap. 575) in the Gazette on
17 July 2020.
Full Text: Click Here
Securities regulator takes over three companies
China Daily, 19 Jul 2020
The China Securities Regulatory Commission announced on Friday the
takeover of New Times Securities, Guosheng Securities and Guosheng Futures
until July 16, 2021, after the companies were found concealing information
about controllers or shareholder structures and being mismanaged.
Full Text: Click Here
ESMA Provides Guidance On Waivers From Pre-Trade Transparency
ESMA, 17 Jul 2020
The guidance published today provides stakeholders with information
on ESMA’s assessment of features frequently encountered in the context of
issuing opinions on waivers from pre-trade transparency over the last three
years. The opinion aims to contribute to the consistent application of waivers
from pre-trade transparency across the Union. The document will be updated
should ESMA encounter further frequent issues in the context of assessing
waiver notifications.
Full Text: Click Here
SEC Files Fraud Charges Against Co-Founder of IIG
SEC, 17 Jul 2020
The Securities and Exchange Commission today charged David Hu, the
co-founder and chief investment officer of International Investment Group LLC
(IIG), a former registered investment adviser, with fraud for his role in a $60
million Ponzi-like scheme.
Full Text: Click Here