[Hong Kong] SFC
issues restriction notices to five brokers to freeze client accounts linked to
suspected market manipulation
SFC News, 26 Jan
2021
The SFC has issued
restriction notices to AMC Wanhai Securities Limited, Eddid Securities and
Futures Limited, Freeman Securities Limited, Realord Asia Pacific Securities
Limited and Solomon JFZ (Asia) Holdings Limited, prohibiting them from dealing
with or processing certain assets held in 12 trading accounts related to
suspected market manipulation in the shares of a company listed on the Stock
Exchange of Hong Kong Limited between September 2020 and October 2020. The
restriction notices prohibit them, without the SFC’s prior written consent,
from disposing of or dealing with, or assisting, counselling or procuring
another person to dispose of or deal with, any assets in any way in the trading
accounts up to a certain amount.
Full text: click here
[Hong Kong] The Monetary
Authority suspends CHUI Chau Mang for four months
HKMA News, 27 Jan 2021
The Monetary Authority has suspended all of
the relevant particulars of Ms CHUI Chau Mang from the register maintained by
the Hong Kong Monetary Authority under section 20(1)(ea) of the BO for four
months from 27 January 2021 to 26 May 2021. The MA found that, when handling a
client’s instruction in March 2018 to issue a bank reference letter, Ms Chui
photocopied the client’s signature on a wrong instruction form, and pasted the
client’s signature on a correct instruction form. She then made a copy of the
correct instruction form with the photocopied signature and arranged to fax it
to a branch of the registered institution concerned (Bank) to pretend that it
was the fax instruction of the client for the purpose of issuing the bank
reference letter.
Full text: click here
[Singapore] Exemptions
issued under s337(2) of the Securities and Futures Act
MAS Regulation, 27 Jan
2021
For the period from 1 October 2020 to 31
December 2020, MAS granted exemptions to 26 single family offices that provided
fund management services to their respective sponsors due to their ownership structures
and an exemption to a licensed financial adviser due to the limited nature and
risks of its dealing activities of providing linkages to brokers.
Full text: click here
[Singapore] Industry taskforce
proposes taxonomy and launches environmental risk management handbook to
support green finance
MAS News, 28 Jan 2021
The Green Finance Industry Taskforce (GFIT),
convened by the MAS, issued a proposed taxonomy for Singapore-based financial
institutions to identify activities that can be considered green or
transitioning towards green. GFIT also launched a handbook on implementing
environmental risk management for asset managers, banks, and insurers. The
handbook will support the financial industry’s efforts to implement MAS’
Guidelines on Environmental Risk Management.
Full text: click here; Handbook: click here
[Mainland China] China to step up supervision of financial activities on Internet platforms
Business Times, 28 Jan
2021
CBIRC on Wednesday said it would strengthen
supervision over financial activities by banks and insurers with internet
platforms. The regulators have tightened scrutiny over China's tech giants in
recent months, drafting anti-monopoly rules and guidelines seeking to limit
collection of personal data by mobile apps, including those used to make
payments.
Full text: click here
