August 15, 2016 BY Valentina Kirilova

Securities Commission Malaysia to introduce a rule book in revised framework on takeovers and mergers

The Securities Commission Malaysia (SC) launched a rule book on the revised Takeovers and Mergers Framework to facilitate market activities in a fast changing environment, whilst ensuring appropriate shareholder protection. The Rules on Takeovers, Mergers and Compulsory Acquisitions 2016 stipulates operational and conduct requirements in relation to takeovers and is issued as an SC guideline…

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August 15, 2016 BY Valentina Kirilova

Lamont Young is Citizens Bank's new Head of Digital

Citizens Bank, part of Citizens Financial Group (NYSE:CFG), has announced the appointment of Lamont Young as a head of Digital. Young will also continue to manage his existing responsibilities for Multi-Channel Marketing. With more than 20 years of digital and marketing experience in the consumer goods and financial services industries, Young will oversee Citizens strategic…

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August 15, 2016 BY Valentina Kirilova

Hong Kong SFC adds Ventures GP to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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August 15, 2016 BY Valentina Kirilova

QIAGEN returns $250 million to shareholders via synthetic share repurchase proposal

QIAGEN N.V. (NASDAQ: QGEN; Frankfurt Prime Standard: QIA), the Dutch provider of sample and assay technologies for molecular diagnostics, has announced plans to return approximately $250 million to shareholders through a synthetic share repurchase proposal that combines a direct capital repayment with a reverse stock split. These actions, which will lead to an adjustment in…

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August 15, 2016 BY Valentina Kirilova

New Zealand's FMA warns registered financial adviser

The Financial Markets Authority (FMA) has warned an individual in relation to suspected misleading or deceptive conduct by a registered financial adviser. Following an investigation by the FMA, it concluded that the registered financial adviser had engaged in misleading or deceptive conduct when he: advised his clients of an alternative life cover plan with a…

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August 15, 2016 BY Valentina Kirilova

ASIC consults on audit relief for proprietary companies and reporting relief for wholly-owned companies

ASIC has issued a consultation paper proposing to remake three class orders that are due to expire (sunset) on October 1, 2016 and April 1, 2017. The class orders affect the audit of proprietary companies and financial reporting by wholly-owned entities. The consultation paper also seeks feedback on ASIC guidance documents on audit relief and…

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August 15, 2016 BY Valentina Kirilova

Bursa Malaysia enables multi-currency for fixed income instruments

Bursa Malaysia Berhad (Bursa Malaysia) has enabled multi-currency fixed income instruments in its web-based Electronic Trading Platform (ETP) to ensure the ongoing relevance of the platform for fixed income instruments. The ETP system is a centralised price and trade repository and dissemination for the primary and secondary bond market which provides an efficient and facilitative…

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August 15, 2016 BY Valentina Kirilova

Hong Kong SFC adds Rosan World Investment to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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August 12, 2016 BY Valentina Kirilova

ItzCash joins RBL Bank for platinum Rupay prepaid wallet in India

India’s digital payments company ItzCash has announced that it has partnered with RBL Bank to launch the country’s first co-branded Rupay Platinum Prepaid Card. Rupay Platinum Prepaid Card is a multi-purpose prepaid wallet powered by the homegrown digital payments facilitator RuPay, will roll out a suite of prepaid services across physical and virtual platforms. Offering a compelling alternative…

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