“FSR and Corporate Crime notes” is Herbert Smith Freehills’ new know-how blog where you will find the latest developments on financial services regulatory and corporate crime topics.
Articles: 1-10 of 259
SFC seeks to halt “rolling bad apples” in their tracks with licensing reforms
Hong Kong - February 11 2019 On 1 February 2019, the Securities and Futures Commission (SFC) announced significant changes to its licensing forms and processes (Licensing Reforms)…
Australia: Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry released
Australia - February 8 2019 The Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Hayne Report) was released to…
High Court orders disclosure of SFO documents in s.90A FSMA shareholder class action
United Kingdom - February 6 2019 In a recent decision, the High Court has ordered that documents provided to Tesco plc (“Tesco“) by the SFO for the purpose of negotiating a deferred…
OFAC Imposes Blocking Sanctions on PdVSA
USA - January 31 2019 On January 28, 2019, the US Department of the Treasury's Office of Foreign Assets Control ("OFAC") announced the designation of Venezuelan state-owned…
Preparing for Brexit: EEA Firms UK Temporary Permissions Regime (“TPR”)
European Union, United Kingdom - January 11 2019 The UK FCA and PRA propose to implement the TPR if the UK leaves the European Union on 29 March 2019 without an implementation (or transitional)…
European Commission announces “no deal” contingency Action Plan
European Union, United Kingdom - December 21 2018 The European Commission has announced that it has started implementing its Brexit “no deal” Contingency Action Plan given the continuing uncertainty…
Corporate Crime update - December 2018
United Kingdom, USA - December 21 2018 Welcome to the December 2018 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud…
Revamped SFC Code on Unit Trusts and Mutual Funds targeted for implementation on 1 January 2019 with transitional period
Hong Kong - December 13 2018 On 6 December 2018, the Securities and Futures Commission (SFC) published the conclusions to its consultation on proposed amendments to the Code on…
Renewed Focus on Compensation to Address Misconduct Risk
Hong Kong, Singapore, Switzerland - December 4 2018 The Financial Stability Board (FSB) released on 23 November 2018 its recommendations on the types of data regulators should be collecting from…
Hong Kong SFC commences thematic review of risk governance and oversight frameworks, including assessment of risk management MICs
Hong Kong - November 19 2018 Last Friday, the SFC announced (via a circular) that it had commenced a thematic review of selected licensed corporations (LCs) to assess their risk…
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