Hong Kong Monetary Authority (Unsolicited Calls - Exclusion) Rules. Section 174 of the SFO prohibits intermediaries and their representatives from making or offering to make with another person an agreement to sell or purchase any securities or futures contract, The Hong Kong Monetary Authority (HKMA) announced today (31 October) the official launch of eTradeConnect, a blockchain-based trade finance platform developed by a consortium of twelve major banks in Hong Kong. apply to an AI that is not a RI, the HKMA expects all AIs that make unsolicited calls in relation to leveraged foreign exchange contracts to observe the specific requirements set out in section 2 of this guideline. made to a person who is authorized to trade on behalf of the corporation. What is an Unsolicited Trade? An unsolicited trade is one in which an investor (the client) initiates the transaction by bringing it up as an idea to their registered securities representative. In these cases, the transaction was fundamentally the investor’s idea. Why the Distinction Between Solicited Trades and Unsolicited Trades Matters Entities eligible to subscribe to the Trade Reporting Service are either- entities subject to mandatory reporting requirements under either the interim reporting requirements or the OTC Regulatory Regime; or . other entities at the discretion of and subject to conditions specified by the HKMA. Disclosure Framework for HKTR A: The Guidelines are applicable to all SFC-licensed and registered persons when conducting regulated activities in providing order execution, distribution and advisory 3 services in respect of investment products via online platforms. Thus, the Guidelines will not apply to, for example, websites that showcase products only or websites that provide advice on asset allocation among general Hong Kong Monetary Authority - HKMA: The central bank of Hong Kong. Established in 1993, the HKMA's main purpose is to control inflation and maintain the stability of the Hong Kong dollar (HKD
The HKMA said AIs needed to improve their selling practices and strengthen controls for handling these types of transactions. Customer Suitability Assessments. The review found that sales staff at AIs treated transactions which involved recommendation as "execution only" or "unsolicited transactions". Hong Kong Monetary Authority (Unsolicited Calls - Exclusion) Rules. Section 174 of the SFO prohibits intermediaries and their representatives from making or offering to make with another person an agreement to sell or purchase any securities or futures contract, The Hong Kong Monetary Authority (HKMA) announced today (31 October) the official launch of eTradeConnect, a blockchain-based trade finance platform developed by a consortium of twelve major banks in Hong Kong. apply to an AI that is not a RI, the HKMA expects all AIs that make unsolicited calls in relation to leveraged foreign exchange contracts to observe the specific requirements set out in section 2 of this guideline. made to a person who is authorized to trade on behalf of the corporation.
services, supervises real-time trading, and enforces laws against misconduct on Acceptance of unsolicited calls from new Belgian clients and acceptance to service of HKMA-issued regulatory guidelines and circulars and a number of Macquarie Group Limited is an Australian multinational independent investment bank and On 16 December 2004, Macquarie Infrastructure Corporation began trading as Macquarie Infrastructure Company In 2005, Macquarie announced an unsolicited takeover bid for the London Stock Exchange valuing the company Summary of Table 6 – Trading book/market risk – Basel Committee members . 121 Allow banks to use unsolicited ratings. 15 (3) 100% RW applies to other assets, but under the Banking (Capital) Rules the HKMA has the power to require . For example, the Hong Kong Monetary Authority (the “HKMA”) has issued a Under the Unsolicited Electronic Messages Ordinance (Cap. 14.3 To what extent do works councils/trade unions/employee representatives need to be notified or public consultation on regulating unsolicited calls of the Comprehensive Economic Cooperation Agreement (CECA), a free-trade deal signed in 2005 between.
HKMA and seven banks to jointly launch blockchain-based trade finance platform in September The Hong Kong Monetary Authority is supporting the development of fintech in an effort to close the gap In September 2018, the Hong Kong Monetary Authority and will explore opportunities to connect it with trade platforms in other regions. The HKMA, Unsolicited direct marketing by electronic means is also covered by the Unsolicited Electronic Messages Ordinance, which applies to electronic commercial messages with a “Hong Kong link Hong Kong Monetary Authority - HKMA: The central bank of Hong Kong. Established in 1993, the HKMA's main purpose is to control inflation and maintain the stability of the Hong Kong dollar (HKD
Apr 29, 2016 Earlier this month the Hong Kong Monetary Authority ("HKMA") under " unsolicited" trade models without considering customers' suitability. Jan 29, 2020 There is no change to the regulatory standards or the HKMA's approach to supervising conduct of Authorized Institutions in respect of the making of unsolicited calls in connection with leveraged foreign exchange trading. Jan 24, 2020 SB-2 on Leveraged Foreign Exchange Trading—HKMA considers it foreign exchange trading, including the making of unsolicited calls in