Events listed in circular
Kapitalmarkt-Compliance: BaFin aktualisiert Rundschreiben zu MaComp
ID 23963
Kapitalmarkt-Compliance Die BaFin hat eine überarbeitete Version des Rundschreibens zu den Mindestanforderungen an die Compliance-Funktion und die weiteren Verhaltens-, Organisations- und Transparenzpflichten für Wertpapierdienstleistungsunternehmen (MaComp) veröffentlicht. Die aktualisierte Fassung wurde am 30. Juni 2023 auf der BaFin-Website zugänglich gemacht. Die Überarbeitung des Rundschreibens erfolgt vor dem Hintergrund der kürzlich von der ESMA veröffentlichten „ ...
BaFin veröffentlicht 7. MaRisk-Novelle
ID 23934
Die BaFin veröffentlichte das Rundschreiben 05/2023 (BA) – Mindestanforderungen an das Risikomanagement (7. MaRisk-Novelle). In dieser Novelle wurden neue Aspekte berücksichtigt und bestehende Anforderungen an den aktuellen Stand der EBA (Leitlinien der EBA für die Kreditvergabe und Überwachung – EBA/GL/2020/06) angepasst. Die überarbeiteten MaRisk bieten eine transparente Grundlage dafür, welche Anforderungen die BaFin an das Risikomanagement von Kreditinstituten ...
Procédure de dissolution administrative sans liquidation (nouvelle circulaire du ...
ID 23821
Circular LBR 23/01 provides information on the new Administrative Dissolution Procedure, automatic striking off following a judgment closing bankruptcy proceedings, and the new Insolvency Register. The Administrative Dissolution Procedure is available to companies that have not carried out any commercial activity for at least two years and have not filed their annual accounts for the last three financial years. The procedure is initiated by ...
Guidance Note on Conducting Sales by Unsolicited Calls
ID 23521
The Mandatory Provident Fund Schemes Authority (MPFA) has issued another Circular (SU/CCO/2023/002) in relation to firms and individuals engaged in the distribution of Mandatory Provident Fund (MPF) shares, thereby utilizing telemarketing. The circular includes a so-called „Guidance Note on Conducting Sales by Unsolicited Calls“ which stipulates some basic requirements for intermediaries to comply with when making unsolicited calls (by the client unauthorized call ...
Circular on implementation of new licensing regime for virtual asset trading ...
ID 23487
In view of the coming into force of the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 on June 1, 2023, the Securities and Futures Commission of Hong Kong, SFC, has published a Circular addressed at virtual asset trading platforms and virtual asset service providers (VASPs) in relation to their new licensing and business requirements. Specifically, the circular summarizes some key information and documents ...
Circular on transitional arrangements of the new licensing regime for virtual asset ...
ID 23483
The Securities and Futures Commission of Hong Kong, SFC, has published a [Circular]() to provide some transitional arrangements for virtual asset service providers (VASPs) and virtual asset trading platforms (VATPs) with respect to their registration requirements pursuant to the new Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022. Specifically, the SFC notes that VATPs and VASPs providing trading or trading-related services in non-security tok ...
Prototype of a Green Classification Framework for Hong Kong (PDF File, 180.3 ...
ID 23462
The Hong Kong Monetary Authority (HKMA) has published a circular in which it informs that it has launched a discussion paper entitled Prototype of a Green Classification Framework for Hong Kong. The purpose of this paper is to present a first framework of a Hong Kong taxonomy that takes into account the Common Ground Taxonomy (CGT) developed by the *International Platform on Sustainable Finance ...
Publication of Circulars CSSF 23/836, CSSF 23/837 and CSSF 23/838 adopting the ...
ID 23434
The CSSF has recently released three circulars, namely CSSF 23/836, CSSF 23/837, and CSSF 23/838, which adopt EBA’s guidelines on remuneration data collection exercises for banks and investment firms. These guidelines serve to organize the remuneration data collection exercises in accordance with the CRD and the IFD frameworks. Circular CSSF 23/836 adopts the EBA guidelines on benchmarking exercises for remuneration practices, gender pay gap, ...
Circular to Licensed Corporations and Associated Entities Revised financial return ...
ID 23411
In view of the gazettal of various new notices regarding filing and reporting requirements of licensed corporations and associated entities, the Securities and Futures Commission (SFC) has published a new circular. In the document, the regulator briefly describes the new forms which consist of the following: 1. the financial return form to be submitted by licensed corporations pursuant to section 56 of the Securities ...
Circulaire CSSF 23/835
ID 23386
The present circular aims to notify recipients that the CSSF, as the competent authority, will implement the ESMA Guidelines (ESMA35-43-3172) on specific aspects of the MiFID II suitability requirements from 3 October 2023 onwards. These Guidelines, issued with the intention of fostering supervisory convergence across Europe, will be incorporated into the CSSF’s administrative practices and regulatory approach. The Guidelines, issued by ESMA **in accordance ...