The proposed punishments stem from an investigation by the SFC

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The proposed punishments stem from an investigation by the SFC

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moncler outlet sale FILE PHOTO: A UBS advertisement is displayed on top of a commercial building in Hong Kong, China May discount moncler outlet 2, 2017. REUTERS/Bobby Yip/File PhotoIn an internal memo sent by Andrea Orcel and David Chin, global and Asia Pacific heads of UBS investment bank, respectively, and seen by Reuters, the bank told staff that until its appeal was heard are business as normal and Moncler Factory Outlet that it could still sponsor IPOs.UBS disclosed the suspension by Hong Kong securities regulator, the Securities and Futures Commission (SFC), in its annual report released on Friday, and added it planned to appeal the decision as well as a HK$119 million ($15.18 million) fine handed out to it.The bank did not specify what led to the moncler outlet mall suspension and the fine but said the regulator had been investigating UBS role as a sponsor of some IPOs listed on the Hong Kong Stock Exchange and that the actions related to one of the offerings under investigation.UBS, on Monday, declined to comment on the memo.The Swiss bank is moncler outlet canada a leading IPO bank in Hong Kong and the threat moncler coats outlet of suspension comes as the city Asia Pacific most lucrative in terms of IPO fees for international moncler coats sale banks is gearing up for a series of potential blockbuster floats.Hong Kong IPOs need at least one sponsoring bank and sponsors typically lead moncler outlet location the work collecting a larger proportion of the fees as the deal progresses. Any company forced to change sponsor during its IPO process such as because of a sponsor suspension must begin the whole listing process all over again, potentially adding months of work.The 18 month duration of UBS suspension is longer than the six months that many bankers in Hong Kong had expected.In the memo, UBS said that it would still be able to work on IPOs, including as a joint global co ordinator a rung lower than sponsoring even if the proposed suspension is upheld.The bank also told staff that it expected the full hearing moncler jackets for women of the appeal to be held in the fourth quarter of this year and a final decision to made early in 2019.The proposed punishments stem from an investigation by the SFC into the listing of China Forestry in 2009. moncler outlet sale

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moncler sale Crianlarich residents want moncler coats the water supply upgradedGet daily updates directly to your inboxSubscribeSee our privacy noticeMore newslettersWater mains in the village have caused problems for households for a number of years, and Crianlarich Community Council says moncler coats cheap it wants to know if there are plans for an upgrade to the system.The moncler outlet usa village water supply has been cut off on a number of occasions, sometimes for as long as eight hours.Issues with water mains in Station Road, have seen the village water supply cut off at least three times in the last five months.Isla Craig, of Crianlarich Community Council, said: “It’s a problem that has been ongoing for many years now.”I have lived here 15 years, and it’s been going on since I can remember being here.”The water goes off three or four times a year, and it’s because of the same 100m stretch of pipe on Station Road.”It has gone off three times since around the middle of November, including on Christmas Eve.”It can be off for quite a few hours, that’s because of the distance that the repairs team from Scottish Water is having to travel to fix it.”Scottish Water do respond very quickly but moncler coats for women by the time they arrive, it’s several hours later.”The community council has contacted Scottish Water about it and we would just like to know what is happening. Are there any plans to improve it? We just don’t know.”Trossachs and Teith councillor, Jeremy McDonald, has also contacted Scottish Water over the issue. He said: “They have acknowledged my concerns and I hope we can push for improvements here and in Killin which also has problems due to the age of their system.”Simply turning down the pressure to avoid problems isn’t the answer and there must be real investment into these communities as a priority.”Scottish Water says that there is no alternative supply to the village due to the bursts occurring on the inlet main into Crianlarich.A Scottish Water spokesman apologised and added: “This has happened on a small number of occasions in the recent past moncler sale.

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