On Nov. 28, FMA issued 2019 priorities for supervision, audit. FMA priorities for supervision, inspections in 2019 and facts, trends, strategies. Priorities Following thematic areas defined as 2019 priorities for supervision, inspections. First, financial market digitalization: supporting digital change, managing risks. Next, business model sustainability: anticipatory thinking, acting anti-cyclically. Corporate governance: strengthening resilience in changing…
Read more
About: ILG
Recent Posts by ILG
CBOI New Registration for AML
On Nov. 27, CBOI issued rules for firms to register for AML. New requirement for unregulated firms to register with CBOI re AML oversight. Per criminal justice (money laundering, terrorist financing), (amendment) act. If firm offers specified service, not otherwise authorised for business by CBOI. Guidance specifies leasing, factoring, safe custody and other services effected.…
Read more
UKP Brexit Withdrawal Agreement
On Nov. 26, UKP planned evidence session on the economic impact. Follows UKP Jul. 2018 asked Treasury, FCA, BoE for impact analysis. Follows UK DEXEU, EC Nov. 2018 issued agreement on Brexit terms. Economic Impact The panel plans to take evidence on withdrawal agreement and the joint political declaration, issued a call for evidence on…
Read more
ASIC UBS Market Integrity Fine
On Nov. 20, ASIC announced UBS paid AUS$120,000 penalty. UBS Securities Ltd (UBS) paid AUS$120k to settle infringement notice penalty. Findings Panel believed UBS contravened ASIC Market Integrity Rules (ASX Market) 2010. Transactions relating to six on-market buy-backs conducted in 2017 were not in the ordinary course of trading/not in accordance with the clients’ instructions.…
Read more
Happy Thanksgiving from ILG
EC Whistleblower Protection
On Nov. 20, 2018, EP approved draft rules to increase whistleblower protection. Guarantee that whistle-blowers in the EU can report breaches of EU law in area of tax evasion, corruption, environmental protection or public health and safety. Without fear of retaliation and intimidation, legal affairs MEPs agreed protection measures must also apply to those assisting…
Read more
Recent Comments by ILG
No comments by ILG yet.