DFSA signs MoU with French securities regulator
Felix Shipkevich - March 7, 2010“As a result of this signing, the DFSA now has a bi-lateral and multi-lateral MoU network with 90 regulators across the globe, which underlines the importance of effective co-ordination and co-operation”, DFSA Chief Executive Paul Koster said.
DFSA Consultation Paper No. 68 Enhanced Corporate Governance Regime for Reporting Entities
Felix Shipkevich - March 2, 2010The DFSA proposes changes to the corporate governance framework applicable to Reporting Entities in the DIFC. This Consultation Paper details proposed changes to the Markets Law 2004 and the Offered Securities Rules.
Hong Kong SFC quarterly report
Felix Shipkevich - February 26, 2010In its Quarterly Report for October to December 2009 [released today], the Securities and Futures Commission (SFC) notes the conclusion of its investigations into the sale of Lehman Brothers Minibonds following the repurchase agreement reached with the last of the 19 distributors.
Consultation Paper on Review of the Deposit Insurance Scheme in Singapore
Felix Shipkevich - February 25, 2010The consultation paper proposes to expand the scope of coverage under the DI Scheme, beyond the deposits of individuals and charities, to other non-bank depositors such as sole proprietorships, partnerships, companies and unincorporated entities.
Amendments to the Rulebook Rules Instrument (No. 69) 2010
Felix Shipkevich - February 25, 2010RM69/2010 Restructuring the DFSA’s Islamic Finance Rules – Rules Instrument (No. 69) 2010
FSA ACTION: RSM Tenon Financial Services Limited
Felix Shipkevich - February 25, 2010“Firms giving investment advice must ensure they fully assess clients’ needs and make suitable recommendations – they must also have the necessary systems and controls in place to demonstrate this,” said FSA director of enforcement and financial crime Margaret Cole
FSA ACTION: Park Row Associates Limited
Felix Shipkevich - February 24, 2010The FSA publicly censured Park Row Associates Limited, a national IFA network, for failing to ensure its sales were suitable and secured customer redress estimated at between £5m and £7.8m.
DFSA enters into a MofU with the Qatar Financial Center Regulatory Authority
Felix Shipkevich - February 23, 2010The Dubai Financial Services Authority entered into a Memorandum of Understanding with the Qatar Financial Center Regulatory Authority.
DFSA Consultation Paper on Rules in the Price Stabilization Module
Felix Shipkevich - February 21, 2010The Consultation Paper seeks public comments on the DFSA’s proposals to make changes to certain Rules in the Price Stabilization Module (PRS). The paper also sets out the proposed changes to the PRS. The proposals are aimed at updating the PRS and are the result of an internal review of Rules on Price Stabilization.
Government measures to ensure a stable property market
Felix Shipkevich - February 19, 2010While the current level of speculative activity in the market is still lower than what it was at the height of the property market boom, and overall price levels are below the previous peak, there is a risk that the market could overheat in the next few months, fuelled by low global interest rates and positive sentiments associated with the economic recovery.
