Events listed in circular
Circular 1/2023, de 30 de agosto, de la Dirección General de Seguros y Fondos de ...
ID 24984
Circular 1/2023 issued by the Directorate General of Insurance and Pension Funds, introduces a new requirement for insurance intermediaries, including individuals, to use electronic means for their communications and notifications with the authorities. While legal entities (legal persons) in the insurance sector were already obligated to communicate electronically with the supervisory authority, this circular extends the same requirement to individual insurance intermediaries ...
Circulaire CSSF 23/840 Application des orientations de l’Autorité européenne des ...
ID 24958
Circular CSSF 23/840, issued by the CSSF, covers the application of the Guidelines set forth by ESMA concerning the product governance requirements introduced by MiFID II (ESMA35-43-3448). These guidelines, published on 3 August 2023, aim to ensure that financial products are created and distributed in the best interests of clients. The key updates to these guidelines encompass the inclusion of sustainability-related objectives, the practice ...
Circular to intermediaries Cybersecurity review of selected licensed corporations
ID 24951
The Securities and Futures Commission (SFC) has issued a circular addressed at financial market intermediaries to inform that it will launch a cybersecurity review of selected licensed corporations (LCs) to evaluate LCs‘ cybersecurity management, compliance, and information system resilience against cyber threats. This review aligns with the SFC’s emphasis on cybersecurity and follows a review of recent cybersecurity incidents and on-site inspections which reveale ...
Zirkular 06/2023
ID 24893
Die AMAS hat zusammen mit dem Fachausschuss Immobilienfonds im aktuellen Zirkular Best Practice-Beispiele zu den umweltrelevanten Kennzahlen auf Immobilienfonds veröffentlicht. Die eingeführten Kennzahlen sind ein zentraler Bestandteil der Selbstregulierung der AMAS im Bereich Nachhaltigkeit und gelten ab dem 30. September 2023 verbindlich für Mitgliedsinstitute sowie beigetretene Institute. Die erste Veröffentlichung dieser Kennzahlen für alle Schweizer Immobilienfonds erfol ...
Rundschreiben 03/2023
ID 24828
Die BaFin veröffentlicht eine überarbeitete Version des Rundschreibens 03/2023 vom 28.02.2023 (eventid=20028), 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. Zu den wichtigen Änderungen gehören: 1. Die Löschung des letzten Satzes ...
Circular on ensuring effective detection of sanctions-related risks
ID 24782
In an effort to ensure that ALL Financial Institutions (FIs) in Singapore effectively detect and manage sanctions-related risks, thereby safeguarding the integrity of Singapore’s financial market, the Monetary Authority of Singapore (MAS) has published a corresponding new circular. In this circular, the Authority presents additional guidance FI’s should consider in the design of their processes to ensure adequate detection, management, and monitoring of such ...
Circular to Licensed Corporations in relation to list of prescribed persons who ...
ID 24781
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 for in-scope transactions.
Planning for net-zero transition (PDF File, 201.8 KB)
ID 24746
The Hong Kong Monetary Authority, HKMA, has issued a circular primarily addressed at banks operating in Hong Kong in connection with institutions‘ transition planning. Specifically, in the circular, the Authority provides some high level principles for banks to effectively plan and navigate the transition to a net-zero economy, while ensuring safety and soundness in their operations. The regulator finds such principles to be necessary, ...
Circular to Intermediaries Reminder on the Over-the-counter Securities Transactions ...
ID 24736
The Securities and Futures Commission of Hong Kong, SFC, has issued a circular addressed at financial market intermediaries regarding the over-the-counter transaction reporting regime (OTCR). Therein, the Commission reminds of the fact that the new regime will come into force on September 25, 2023. Firms need to ensure to complete their testing and preparation for reporting under the OTCR before the effective date. In ...
Rundschreiben 07/2023 (GW)
ID 24631
Die BaFin veröffentlicht das Rundschreiben 07/2023 (GW) betreffend Drittstaaten, die in ihren Systemen zur Bekämpfung von Geldwäsche und Terrorismusfinanzierung strategische Mängel aufweisen, die wesentliche Risiken für das internationale Finanzsystem darstellen (Hochrisiko-Staaten). Die Europäische Kommission hat gemäß dem Artikels 9 der Vierten Geldwäscherichtlinie (EU) 2015/849 mit der Delegierten Verordnung (EU) 2016/1675, die zuletzt durch die Delegierte Verordnung (EU) ...