Monthly Archives: June 2018

Hong Kong – SFC Trade Disclosure FAQs

On 15 June, HK SFC issued FAQs on disclosure of transaction data. Issued consultation conclusions on proposals for regulation of asset management. Point-of-sale transparency and disclosure required for discretionary accounts Nov. Among others, new code requirements govern the disclosure of non-quantifiable monetary benefits and independence status, come into effect on August 17 2018. FAQs respond…
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France – AMF MiFID II Guide for IAs

On 13 June, FR AMF issued updated guide for investment advisers. Follows AMF October 2017 issued guide to MiFID for investment advisers. Updated Guide To support IAs in fulfillment of obligations, AMF updated MiFID 2 guide of October 2017. More than an overview of impact of MIF 2, the guide aims to serve as a…
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U.S. – NASDAQ Options Position Limits

On 5 June, NASDAQ, PHLX, BX┬árules on SPY ETF position limits. Pilot program no position limits on SPY securities scheduled to expire Jul. 12, 2018. New Limits In lieu of extending SPY Pilot Program for another year, proposed position, exercise limits of 1,800,000 contracts, options on SPY, becoming operative on 12 July 2018. Permanent position…
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Saudi Arabia – CMA on Foreign Investment

On 4 June, SA CMA adopted FAQ on investment by foreign firms. Rules on investment of qualified foreign financial institution in listed securities. Document aims to answer questions, which may be raised by foreign investors, licensed persons and interested parties, regarding rules governing investments.
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