Regulation Monthly archive

Jun 27, 2019
SFC issues risk warning to Hong Kong-listed companies
The Securities and Futures Commission (SFC) has warned listed companies in Hong Kong to be up to speed on the financial risks they face – or fear the consequences. ‘In this day and age, it is all too easy to lose sight of the basics, get sucked in by the latest trend or put profits before prudence. As a regulator, I cannot overstate ...
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Jun 20, 2019
ESMA not to take action against periodic auctions
The EU’s financial regulator, the European Securities and Markets Authority (ESMA), has highlighted that it does not intend to introduce restrictions on trading that has come under criticism for supposedly undermining stock market transparency regulations. ESMA has been assessing the issue of so-called ‘periodic auctions’, which allow fund managers to trade larger blocks of shares while limiting the amount of order information revealed to the market before tra...
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Jun 18, 2019
Fee pilot debates reignite at NIRI and CIRI conferences
‘While many market participants have suggested something should be done to address maker-taker pricing and transaction fees, there is less agreement about what specifically should be done,’ said Brett Redfearn, director of the SEC’s division of trading and markets, at the NIRI national conference earlier this month. Redfearn is the man behind the SEC’s transaction-fee pilot, which has ...
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Jun 17, 2019
Historic Shanghai-London Stock Connect approved
The UK financial regulator the Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) have today made a historic joint announcement approving the Shanghai and London bourses’ proposed new Shanghai-London Stock Connect. Stock Connect is an arrangement between the Shanghai Stock Exchange (SSE) and London Stock Exchange (LSE) to boost cross-border investment between the countries and provide investors and companies in the UK and China...
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Jun 11, 2019
UK and Dutch financial regulators sign agreement to protect financial markets
Financial regulators the Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a joint agreement to protect and enhance the stability of the UK and Dutch financial markets. Ever since the UK announced its intention to withdraw from the EU, a number of financial institutions operating in the UK and the Netherlands have been uncertain about operating in the respective countries – something this arrangement hopes to nul...
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Jun 05, 2019
Brexit could lead to Mifid III, say experts
European regulators have long held opposing views on unbundling, the process of separating the costs of research and trading. The UK’s Financial Conduct Authority (FCA) successfully pushed for strict unbundling rules to appear in Mifid II, against the wishes of French financial regulator the Autorité des marchés financiers (AMF). Now, with the UK set to leave the EU, could some of those rules be pared back? There’s ‘definitely talk about Mifid III’ and it ...
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