Latest Releases
DFSA: Notice of Amendments to Legislation
Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 117 the Dubai Financial Services Authority Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to […]
SEC Adopts Rules to Enhance Transparency and Oversight of Alternative Trading Systems
Washington D.C., July 18, 2018 — The Securities and Exchange Commission today announced it has voted to adopt amendments to Regulation ATS to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange. “I applaud the staff’s retrospective review of our regulation of ATSs. I […]
The FCA’s Approach to Brexit: Our Preparations and Our Vision for the Future
Speech delivered by Nausicaa Delfas, Executive Director of International at the FCA, at Bloomberg/TheCityUK. Speaker: Nausicaa Delfas, Executive Director of International Event: Bloomberg/TheCityUK, London Delivered: 19 July 2018 Note: this is the speech as drafted and may differ from delivered version Introduction It has been a remarkable year in international affairs – dominated by change. So, I would like to take […]
DMCC Signs MoU with Royal Fund Investments to Boost China Trade in DMCC and Dubai
DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed a Memorandum of Understanding (MoU) with Royal Fund Investments LLC (RFI). Ahmed Bin Sulayem, Executive Chairman of DMCC and Guolong Ma, CEO, RFI signed the MoU at DMCC’s headquarters Almas Tower, further cementing the strong bilateral trade […]
SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 Million for Regulatory Breaches Over Bond Sale
The Securities and Futures Commission (SFC) has reprimanded and fined HSBC Broking Securities (Asia) Limited (HSBCBS) $9.6 million for systemic deficiencies in its bond selling practices (Note 1). The SFC found that between April 2015 and March 2016, HSBCBS executed 378 transactions of bonds listed under Chapter 37 of the Main Board Listing Rules (Chapter […]
