Events listed in circular
Circular on Money Laundering and Terrorism Financing Risks in the Wealth Management ...
ID 22126
The Monetary Authority of Singapore (MAS) has issued a new circular as regards the anti-money laundering (AML) and the countering of the financing of terrorism (CFT) practices of authorized institutions. Specifically, MAS outlines its expectations as regards firms‘ monitoring of money laundering (ML) and the financing of terrorism (FT) risks in view of the growing „wealth management sector“ in Singapore. The circular thereby covers ...
Circular to Intermediaries Arrangements for the launch of the Hong Kong Investor ...
ID 22114
The Securities and Futures Commission, SFC, has issued a circular in connection with the upcoming new Hong Kong Investor Identification Regime (HKIDR) which will come into force on March 20, 2023. Specifically, the circular reminds intermediaries that they must ensure compliance with all regulatory obligations under the corresponding provisions of the [*Code of Conduct for Persons Licensed by or Registered with the Securities and ...
Rundschreiben 03/2023 WA
ID 22062
Die BaFin veröffentlicht ein Rundschreiben, das Kriterien für die Befreiung von Liquiditätsanforderungen gemäß Artikel 43 Absatz 1 Unterabsatz 2 der Investment Firm Regulation (IFR) für kleine Wertpapierinstitute im Sinne von § 2 Absatz 16 Wertpapierinstitutsgesetz (WpIG) enthält und der Umsetzung der EBA-Leitlinien (EBA/GL/2022/10) dient. Die Befreiung von den Liquiditätsanforderungen gilt nur für bestimmte Wertpapierdienstleistungen und -nebendienstleistungen, während ander ...
Circular to Licensed Corporations in relation to list of prescribed persons who ...
ID 22060
The Securities and Futures Commission of Hong Kong, SFC, has issued a circular informing about an updated list of firms which have reached their „clearing threshold under the clearing and record keeping rules for the OTC derivatives regime“ and which are subsequently subject to central clearing requirements.
Observations from Review of Selling Processes of Investment Products (PDF File, ...
ID 22041
The Hong Kong Monetary Authority, HKMA, has issued a circular to share the findings from a recent review of the investment product selling processes of supervised institutions. The Authority thereby encourages firms to review the findings and reflect on own processes and procedures „in light of these observations, and design proper and reasonable measures and controls so that the selling processes can be streamlined ...
Circular to Licensed Corporations Engaged in Asset and Wealth Management Activities ...
ID 21941
The Securities and Futures Commission of Hong Kong (SFC) has published a circular to announce the launch of its Asset and Wealth Management Activities Survey 2022 (AWMAS). It is particularly addressed at asset management firms providing the following services: fund advising, fund and portfolio management, private banking, or any other type of private wealth management. The survey covers the business year 2022 and must ...
The FSMA’s treatment of whistleblower reports
ID 21910
The FSMA published Circular FSMA_2023_03, which informs about the rules of procedure towards receipt & treatment by FSMA concerning whistleblowing reports and also clarifies identity protection measures, along an updated FAQ on the Whistleblowers’ point of contact. The present circular implements Article 14, §5 of the Law of 28 November 2022 (Whistleblower Act) on the protection of whistleblowers reporting infringements of European or national ...
Optimising Fraud and Financial Crime Detection and Reporting (For AIs) (PDF File, ...
ID 21807
On February 9, 2023, the Hong Kong Monetary Authority published a Circular entitled „Optimising Fraud and Financial Crime Detection and Reporting“. The circular is primarily addressed at authorized institutions (AIs), specifically their compliance departments and responsible persons for AML and CFT issues, to inform of the issuance of an updated version of its Guidance on Transaction Monitoring, Screening and Suspicious Transaction Reporting. This *Guidance ...
Publication de la lettre circulaire 23/3 du Commissariat aux Assurances relative au ...
ID 21765
On 7 February 2023, the Commissariat aux Assurances (CAA) published Circular Letter 23/3 relating to the quantitative questionnaire for the harmonized assessment of the risks of exposure to money laundering and terrorist financing for concerned intermediaries. This circular letter is addressed to insurance brokers, insurance brokerage companies, and agents mandated by several life insurance companies not belonging to the same group, who have distributed/distribute ...
Publication de la lettre circulaire 23/2 du Commissariat aux assurances relative au ...
ID 21756
On 7 February 2023, the Commissariat aux Assurances (CAA) published Circular letter 23/2 relating to the annual actuarial report of Luxembourg insurance companies other than life insurance. The actuarial report in non-life insurance is requested since the reporting relating to the financial year 2005. It has become an essential tool for the Commissariat aux assurances in monitoring non-life insurance companies. Since the entry into ...