The Monetary Authority of Macao (AMCM) alerts the public that Indo Market, Global Indonesia Market and Loja de Conveniência Iao Kei are not authorized to carry out regulated financial activities in the SAR. Pursuant to the law, only authorized financial institutions are allowed to carry out regulated financial activities in Macau. Engaging in these activities by any persons or entities without authorization constitutes a “serious violation” and is subject to a fine of up to MOP5 million. AMCM reiterates that the public should conduct financial activities through authorized institutions in order to avoid being scammed and incurring unnecessary losses.
Gov’t to tighten motorcycles’ exhaust emission regulations
The government is set to tighten regulations governing motorcycle exhaust emissions from July 1, following review by the Environmental Protection Bureau (DSPA) and Transport Bureau (DSAT). It was proposed to narrow the emission limits of exhaust pollutants from motorcycles and scooters. The SAR government separately said it is promoting the control of volatile organic compounds (VOC) in an orderly manner to mitigate ozone and photochemical pollution. The government will prohibit the import and the transport of paints which exceed volatile organic compound limits from September 11.
