Regulatory News (Oct 2018)
/in Regulatory News /by Tony Chan- Court of Final Appeal unanimously dismisses appeal by solicitor and his sisters in fraud case involving overseas listed securities
- Process Review Panel Report 2017-2018
- Appointments to Takeovers-related committees
- SFC concludes further consultation on the financial resources rules
- SFC encourages the public to report fraud and misconduct
- Court of Final Appeal allows SFC’s appeal against MMT decision on insider dealing in Asia Telemedia Limited shares
- SFC concludes consultation on amendments to anti-money laundering and counter-financing of terrorism guidelines
- New speech by Thomas Atkinson: Keynote speech at 2018 Refinitiv Pan Asian Regulatory Summit
- New look for the SFC
- New speech by Julia Leung: Keynote speech at 2018 Refinitiv Pan Asian Regulatory Summit
- SFC and FCA sign MoU on United Kingdom-Hong Kong Mutual Recognition of Funds
- SFC bans Lok Wai Fong for life
- SFC welcomes appointment of Non-Executive Directors
- SFC concludes consultation on the offline sale of complex products
Regulatory News (Sep 2018)
/in Regulatory News /by Tony Chan- SFC announces green finance strategic framework
- SFC bans Ngo Wing Chun for 12 months
- New speech by Carlson Tong: Speech at HKGCC’s Town Hall Forum Series
- New speech by Ashley Alder: Speech at HKIFA luncheon
- SFC reprimands and fines Huatai Financial Holdings (Hong Kong) Limited $800,000 over naked short selling
- Court of Appeal orders retrial in insider dealing case
- SFC welcomes appointment of Chairman
- New speech by Julia Leung: Speech at Hong Kong Chinese Enterprises Association Seminar
- Court of Final Appeal dismisses Moody’s appeal
Regulatory News (Aug 2018)
/in Regulatory News /by Tony Chan- SFC bans Fonia Kwok Lai Kwan for 12 months
- Launch of investor identification for northbound trading under Stock Connect
- SFC reprimands and fines HPI Forex Limited $2 million for regulatory breaches
- SFC consultation addresses risks in securities margin financing
- SFC issues quarterly report
- Court sets pre-trial date for false or misleading announcement case
- SFC bans Cham Nga Yin for life
- Market Misconduct Tribunal finds China AU’s former CEO and related persons culpable of market manipulation
- SFC cautions against disguised margin financing
Regulatory News (Jul 2018)
/in Regulatory News /by Tony Chan- SFC publicly censures Liang Guosheng and imposes a cold-shoulder order for breach of the Takeovers Code
- SFC implements open-ended fund companies regime
- Account executive convicted and fined for illegal short selling
- Broker acquitted of illegal short selling
- Hong Kong’s asset and wealth management business reached $24,270 billion in 2017
- SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 million for regulatory breaches over bond sale
- SFC bans Poon Chun Hing for 30 months
- SFC bans Joseph Hsu Kar Hing for three years
- SFC welcomes appointment of Non-Executive Directors
- SFC welcomes re-appointment of Executive Directors
- SFC standardises rules for prescribing professional investors
- SFC amends takeovers rules
- SFC reprimands and fines Citigroup Global Markets Asia Limited $4 million for alternative liquidity pool failures
- SFC reprimands and fines CCB International Capital Limited $24 million for sponsor failures
- SFC consults on amendments to anti-money laundering and counter-terrorist financing guidelines
Regulatory News (Jun 2018)
/in Regulatory News /by Tony Chan- SFC welcomes CSRC’s new rules to facilitate Mainland investors and fund managers’ access to SFC-licensed corporations’ securities advisory service
- SFC endorses Exchange’s initiative to tackle backdoor listings
- DBA Telecommunication (Asia) Holdings Limited convicted of making false or misleading announcement
- SFC commences MMT proceedings against China Forestry’s former chairman and CEO for suspected disclosure of false or misleading information and former CEO for suspected insider dealing
- Regulators conclude consultation on further enhancements to the OTC derivatives regulatory regime
- SFC publishes Annual Report 2017-18
- SFC proposes margin requirements for non-centrally cleared OTC derivatives
- SFC and CSRC hold high-level meeting on enforcement cooperation
- SFC reprimands and fines Lau Ki Fung $80,000
- New speech by Carlson Tong: Speech at Hong Kong Institute of Directors’ Speaker Luncheon Meeting
- CBIRC and SFC sign MoU to enhance supervisory cooperation and exchange of information of Cross-Boundary Regulated Entities
- SFC publicly censures Chan Shing and imposes a cold-shoulder order for breach of the Takeovers Code
- SFC and FSRA sign Fintech cooperation agreement
- SFC signs MoU with BaFin on enhanced supervision of cross-border regulated entities
Regulatory News (May 2018)
/in Regulatory News /by Tony Chan- SFC reprimands and fines Hang Seng Investment Management Limited $3 million for regulatory breaches over funds’ cash management
- SFC reprimands and fines Noah Holdings (Hong Kong) Limited HK$5 million for regulatory breaches
- SFC concludes consultation on disclosure requirements for discretionary accounts
- Update on the SFC’s real-time regulation
- SFC concludes consultation on new OFC Rules and OFC Code
- SFC concludes consultation on prescribing professional investors
- SFC reprimands and fines Citigroup Global Markets Asia Limited $57 million for sponsor failures
- New speech by Brian Ho: Keynote speech at Sixth Annual Institute on Corporate & Securities Law in Hong Kong 2018
- SFC highlights concerns noted in licensing applications
- SFC commences MMT proceedings against Magic Holdings International Limited and its directors for late disclosure of inside information
- SFC adopts IOSCO’s enhanced standard for cross-border enforcement cooperation
- Licence applicant convicted of providing false information to SFC
- SFC CEO reappointed Chair of IOSCO Board
- SFC provides guidance on use of instant messaging
Regulatory News (Apr 2018)
/in Regulatory News /by Tony Chan- SFC proposes enhancements to the Investor Compensation Regime
- Codes on Takeovers and Mergers and Share Buy-backs align with new listing regime
- SFC reprimands and fines CN Capital Management Limited and responsible officers $1.2 million over regulatory breaches
- SFC reprimands and fines Instinet Pacific Limited $17.3 million for failures concerning its electronic and algorithmic trading systems and alternative liquidity pool
- New speech by Julia Leung: Luncheon speech at the Hong Kong Investment Funds Association
- Stock Connect: Regulators announce increases in daily quotas
- SFC commences MMT proceedings against Fujikon and its senior executives for late disclosure of inside information
- SFC seeks orders to disqualify former senior executives of Far East Holdings International Limited
Regulatory News (Mar 2018)
/in Regulatory News /by Tony Chan- SFC concludes consultation on online platforms and further consults on offline requirements for complex products
- Appointments to SFC committees
- Regulators consult on further enhancements to the OTC derivatives regulatory regime
- SFC identifies continued deficiencies in sponsor work
- Court convicts Chan Chi Kit of unlicensed dealing
- SFC reprimands and fines UBS Securities Asia Limited $4.5 million in relation to facilitation trading activities
- SFC’s regulatory action halts ICO to Hong Kong public
- Third SFC Regulatory Forum discusses Hong Kong’s competitiveness
- SFC reprimands and fines Deutsche Bank AKTIENGESELLSCHAFT and Deutsche Securities Asia Limited $8.3 million for regulatory breaches
- SFC reprimands and fines CLSA Limited $9 million over internal control failures
- SFC issues restriction notice to broker to freeze client account linked to suspected insider dealing
- SFC and Exchange sign addendum to MOU Governing Listing Matters
- Solicitor and sisters granted leave to appeal to Court of Final Appeal
- SFC publicly criticises Nomura International (Hong Kong) Limited and Lee Yuen Yee, Annisa for breaches of Takeovers Code
- SFC welcomes re-appointment of Executive Director
Regulatory News (Feb 2018)
/in Regulatory News /by Tony Chan- SFC obtains disqualification and compensation orders against former chairman and directors of Starlight
- SFC and FINMA sign Fintech cooperation agreement
- SFC enforcement priorities for 2018
- Court orders Titan’s former senior executive and his mother to make payments to investors over insider dealing in Titan shares
- SFC issues quarterly report
- SFC reprimands and fines Interactive Brokers Hong Kong Limited $4.5 million for failures concerning its electronic and algorithmic trading systems
- SFC warns of cryptocurrency risks
- SFC reprimands and fines Credit Suisse (Hong Kong) Limited, Credit Suisse Securities (Hong Kong) Limited and Credit Suisse AG $39.3 million for regulatory breaches
- Court orders Qunxing and former directors to compensate investors over disclosure of false or misleading information
- Court of Final Appeal to hear Moody’s case
Latest Press Release
- CompliancePlus partners with Oriel College, Oxford to promote cross border exchanges
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- CompliancePlus Hosted Charity Seminar on the MIC Regime