HKEX proposes new listing regime for emerging and innovative companies LeapRate

February 23, 2018 BY Valentina Kirilova

HKEX proposes new listing regime for emerging and innovative companies

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has published a consultation paper seeking public feedback on the proposed new rules to expand Hong Kong’s listing regime to facilitate listings of companies from emerging and innovative sectors. The proposals in the consultation paper…

February 23, 2018 BY Valentina Kirilova

Titan’s former executive to make payments to investors over insider dealing in Titan shares

The Hong Kong Securities and Futures Commission (SFC) has informed that the Court of First Instance has ordered a former senior executive of an affiliate of Titan Petrochemical Group Limited (Titan), Mr Augustine Cheong Kai Tjieh and his mother, Ms Gan Ser Soon to pay investors after the Market Misconduct Tribunal (MMT) earlier found the…

February 23, 2018 BY Valentina Kirilova

FCA warns against TDC Property Development firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company TDC Property Development. TDC Property Development is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

February 23, 2018 BY Valentina Kirilova

FCA warns against Neo Finance Limited firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Neo Finance Limited. Neo Finance Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

U.S. IRS publishes new crypto tax guidelines for forks, income, and gains

February 22, 2018 BY Valentina Kirilova

UK investment managers association IA calls for increased transparency in FX Last Look

The Investment Association (IA) has today published a series of guidelines designed to ‘shine a light’ and address a number of concerns in the use of Last Look. These guidelines form part of the IA’s call for greater transparency in the use of Last Look, and seek to address concerns that it can negatively affect…

Crypto “bot” trading hurting market reputation and individual investors

February 22, 2018 BY Valentina Kirilova

FMA opens applications for personalised robo-advice

The New Zealand's Financial Markets Authority (FMA) has announced that it is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using algorithms which is usually delivered through a website or a software…

February 22, 2018 BY Valentina Kirilova

French AMF publishes the summary of responses to the public consultation on ICO

Among the 82 responses made to the Autorité des marchés financiers (AMF)’ consultation, a large majority of respondents expressed support for setting up an appropriate legal framework for this new type of fundraising. The AMF Board informed that it has decided to continue work on definition of a specific legal framework for ICOs. In view…

February 22, 2018 BY Valentina Kirilova

ASIC bans former Charter Financial Planning adviser

ASIC announced that it has permanently banned Brenton John Poynter of Baulkham Hills, NSW, from providing financial services. Mr Poynter was an authorised representative of Charter Financial Planning Ltd (Charter) from June 2010 to June 2016 and provided financial advice regarding superannuation products to a number of elderly clients. ASIC found that from January 2015…

February 21, 2018 BY LeapRate Staff

Ally looks for youth with strategic investment in cards-for-teens provider Greenlight Financial

Ally Ventures, the strategic investment arm of online brokerage and banking company Ally Financial Inc (NYSE:ALLY), has announced that it has made an investment in Greenlight Financial Technology, Inc., creator of smart debit cards for kids, teens, and college students. The company stated that the investment supports Ally Ventures' goal of promoting innovation through key alliances…

IOSCO issues statement on liquidity risk management recommendations for investment funds

February 21, 2018 BY Valentina Kirilova

IOSCO consults on guidance to address conflicts of interest in the equity capital raising process

The Board of the International Organization of Securities Commissions (IOSCO) has proposed a guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process. Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of…

Category: Financial Services