The Monetary Authority of Singapore (MAS) has issued prohibition orders against Mr Tan Peng Khoon. Mr Tan will be prohibited for a period of 8 years from: carrying on business and taking part in the management of any insurance intermediary under the Insurance Act; and providing any financial advisory service, and taking part in the…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) has included Cboe BZX Exchange, Inc. in its List of Approved Stock Exchanges. The recognition of Cboe’s BZX Exchange should help further facilitate investment in the region in Cboe-listed securities by allowing funds to be eligible to be approved…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced that it will introduce its new securities trading system for the Hong Kong market, the Orion Trading Platform - Securities Market (OTP-C), on Monday, 5 February 2018, replacing the current AMS/3.8 system, an upgraded version of the AMS/3 system rolled out in 2000. The rollout of OTP-C…
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SZSE attaches much importance to risk management and informed that it has been actively exploring a perfect mode of risk management. By now, SZSE has formed an overall risk management system based on evaluation and prevention beforehand, control and handling of risks at their occurrence, and summary and improvement afterward at different stages of risk…
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Blackwell Global Hong Kong announced today the acquisition of the Hong Kong Securities and Futures Commission asset management license (SFC Type 9 License No. BJU094). Having built a wealth of resources and established market advantage through the Blackwell Global Group’s presence in multinational financial centers, the company is able to provide a wider range of…
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The U.S. Securities and Exchange Commission has announced charges against six certified public accountants, including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP, arising from their participation in a scheme to misappropriate and use confidential information relating to the PCAOB's planned inspections of KPMG. The SEC's…
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The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it has decided to impose a total administrative fine of €50.000 to CIF Spot Capital Markets Ltd for non compliance within the period of 1st January 2016 to 30th June 2016, with the…
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The Financial Conduct Authority (FCA) has today launched a consultation on plans to give more small businesses access to the Financial Ombudsman Service (the Ombudsman). This follows a review of the protections available to small and medium sized enterprises (SMEs) as users of financial services. At the moment only individual consumers and around 5.5 million…
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The Securities and Futures Commission (SFC) announced that it has banned Mr Chan Wai Nun, a former investment counsellor of DBS Bank (Hong Kong) Limited (DBSHK), from re-entering the industry for six months from 19 January 2018 to 18 July 2018 for transferring client data out of DBSHK prior to his departure from DBSHK to…
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The Nova Scotia Securities Commission (NSSC) informed that it is making it easier for investors to find out if those “latest and greatest” investment opportunities are potentially scams. The commission has a new Investor Alert Database on its website. Investor alerts are published by the Commission to warn of unlawful investment raising schemes that the…
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