Thai asset management companies now have a fiduciary duty to protect the interests of unitholders. This new requirement is found in the Securities and Exchange Act (No 6) B.E. 2562 (2019), which took effect last week when it was published in the Government Gazette.
Last October the Securities and Futures Commission of Hong Kong issued its final word about its proposals to amend a guideline to do with money laundering and terrorist finance. It has now updated the AML checklist that it wants every firm to use accordingly.
The PACTE draft Bill (Action Plan for Business Growth and Transformation) was adopted at its final reading in the French National Assembly on 11 April. Once enacted, the law will apply to fundraising through the issuance of virtual tokens (Initial Coin Offerings or ICOs) and digital asset services providers (DASPs).
The Financial Services Regulatory Authority of the Abu Dhabi Global Market has imposed financial penalties on Eshara Capital Ltd, an investment fund, and its senior executive officer Mr Alexander David Guy for breaching financial and regulatory reporting requirements. The firm lost its licence to do regulated business in the ADGM some time ago.
The UK's Financial Conduct Authority has published its business plan for 2019-20, outlining several initiatives that will affect wealth management firms. ...
...
This month we take you on a whistle-stop tour of the British Financial Conduct Authority’s latest preparations in the event of a 'no-deal' independence and bear welcome news about the future of the FCA Directo...
The Fundamental Review of the Trading Book or FRTB is due to come into force between January 2022 and January 2027, depending on the national regulator in question. Exchange-facing private banks are going to hav...
The Securities and Futures Commission of Hong Kong has been been vindicated during a judicial review of its right to hand over "compelled documents" to a foreign power. Privilege against self-incrimination appli...
Thai asset management companies now have a fiduciary duty to protect the interests of unitholders. This new requirement is found in the Securities and Exchange Act (No 6) B.E. 2562 (2019), which took effect last...
Last October the Securities and Futures Commission of Hong Kong issued its final word about its proposals to amend a guideline to do with money laundering and terrorist finance. It has now updated the AML checkl...
The PACTE draft Bill (Action Plan for Business Growth and Transformation) was adopted at its final reading in the French National Assembly on 11 April. Once enacted, the law will apply to fundraising through the...
The Financial Services Regulatory Authority of the Abu Dhabi Global Market has imposed financial penalties on Eshara Capital Ltd, an investment fund, and its senior executive officer Mr Alexander David Guy for b...
In accordance with Part 2 Financial Services and Markets Regulations 2015, the Financial Services Regulatory Authority of the Abu Dhabi Global Market has embarked on a modest tidying-up exercise by issuing a few...