Market integrity and misconduct

On 21 March 2016, the Securities and Futures Commission (SFC) announced that it would synchronise the implementation of certain changes to the SFC’s Code of Conduct for Persons Licensed by or Registered with the SFC (Code). These changes relate to:

  • new paragraph 15 of the Code, which came into effect on 25 March 2016, and

Technology-led innovation has the potential to truly disrupt existing business models and distribution channels in the financial services industry.

In Australia and more broadly, we have seen start-ups build innovative payment systems, peer-to-peer lending platforms, crypto-currencies, robo-advice and automated investment management.

However, the large institutions are well capitalised, have large customer bases and are adapting

The Securities and Futures Commission (SFC) has launched a three-month consultation period commencing on 2 March 2015 on the proposed Principles of Responsible Ownership (Principles). The principles are proposed to operate on a non-binding and voluntary basis and investors in Hong Kong listed companies will be encouraged to comply, or to explain why some, or

Our Hong Kong office has released a Learning & Development calendar for March – September 2015. Clients are invited to join a range of legal and personal development and business skills sessions. We are holding a session in June on Corporate governance in financial institutions.

The main data protection rules under the Singapore Personal Data Protection Act 2012 (PDPA) and the Personal Data Protection Regulations took effect on 2 July 2014, with several Advisory Guidelines issued later in September 2014.

The topics covered under the Advisory Guidelines range from (1) Advisory Guidelines covering selected topics such as Analytics and Research,

A recent Hong Kong case reminded us of the importance of getting things right when executing documents in virtual closings, particularly in relation to deeds.

In the case of Penta Investment Advisers Ltd v Allied Weli Development Ltd (formerly known as Hennabun Capital Group Ltd) – [2014] HKCU 2365, the Hong Kong Court of First

Regulators in key financial centres have investigated or taken action in relation to the attempted manipulation of various benchmarks. Regulators in the US and UK have recently levied US$3.4 billion dollars in fines against banks alleged to have manipulated the foreign exchange market. Swiss regulator FINMA has imposed restrictions when imposing penalties in connection with

On December 18, 2014, the Commodity Futures Trading Commission’s (“CFTC’s”) Division of Clearing and Risk (“DCR”) issued extensions of previously granted “No-Action” relief to four foreign clearing organizations. The relief allows these foreign clearing organizations to continue to clear swaps for certain United States persons (“U.S. persons”) without being registered as a derivatives clearing organization