Monthly Archives: July 2019

UK – FCA Onshored STS Notifications

On 30 July 2019, FCA issued draft technical standards for no deal Brexit. Issued consultation paper Draft technical standards on the content and format of STS notifications under the onshored Securitization Regulation in case of no deal Brexit. Followed Securitization (Amendment) (EU Exit) Regulations 2019, which transfers responsibility for UK STS notifications, list of UK…
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Germany – GVT Shareholders Reporting Duties

On 25 July 2019, GE GVT launched consultation on shareholders obligations Consultation on possible amendment to § 43 of Securities Trading Act commenced. Overview Section 43 WpHG (shareholders disclosure obligations) amended by Risk Limitation Act (BGBl. I 2008, 1666) was incorporated into Securities Trading Act (was § 27a WpHG). It complements voting rights reporting requirements…
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China – CB Foreign Company Access

On 20 July 2019, CHI CB increased access to financial industry. Introduced 11 measures for opening up financial industry to foreign company access. Measures When foreign established institutions are allowed to carry out credit rating business in China, they can rate all types of bonds in the inter-bank and exchange bond market. Encourage overseas financial…
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Hong Kong – SFC FAQ for Mutual Funds

On 19 July 2019, HK SFC issued updated FAQs on unit trusts and mutual funds. Amended question 19 to included reference to risk associated with investment in shares listed on ChiNext Board and/or the Small and Medium Enterprise Board.  
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