Regulatory News (Dec 2019)
/in Regulatory News /by Tony Chan- SFC publicly censures CLSA Limited, CITIC Securities Brokerage (HK) Limited, Beijing Enterprises Holdings Limited and their representatives for breaching the Code on Share Buy-backs
- SFC reprimands and fines FIL Investment Management (Hong Kong) Limited HK$3.5 million for regulatory breaches
- SFC reprimands and fines Adamas Asset Management (HK) Limited $2.5 million
- Launch of investor identification for southbound trading under Stock Connect
- SFC proposes changes to the open-ended fund companies regime
- SFC concludes consultation on margin requirements for non-centrally cleared OTC derivatives
- SFC bans W. Falcon Asset Management (Asia) Limited’s former chairman for life and ex-CFO for three years
- New SFC survey on ESG, climate change and asset management
- SFC issues quarterly report
- SFC waives licensing fees for 2020/21
Regulatory News (Nov 2019)
/in Regulatory News /by Tony Chan- New speech by Tim Lui – Asset management in an evolving landscape
- New SFC guidance addresses market misconduct
- SFC bans Ma Sin Chi for life
- SFC reprimands and fines UBS HK$400 million for overcharging clients and related internal control failures
- SFC obtains court orders against former Chairman and directors of Minth Group Limited
- Former staff of Hong Kong Television Network Limited jailed for insider dealing
- New speech by Ashley Alder: Opening remarks at SFC 30th Anniversary Cocktail 2019
- SFC adopts new approach to virtual asset trading platforms
- New speech by Ashley Alder – Fintech: a regulatory strategy for a dynamic industry
- SFC bans Song Baojun for 12 months
- Former staff of Hong Kong Television Network Limited convicted of insider dealing
- SFC issues restriction notice to Hong Kong Wan Kiu Investment Company Limited
Regulatory News (Oct 2019)
/in Regulatory News /by Tony Chan- SFC commences MMT proceedings against China Medical & Healthcare Group Limited and its senior management for alleged late disclosure of inside information
- SFC issues guidance on external electronic data storage
- SFC reprimands and fines China Rise Securities Asset Management Company Limited $6.3 million for regulatory breaches and internal control failures
- SFC commences insider dealing prosecution against a former staff of Hong Kong Television Network Limited
- New speech by Julia Leung: Supervising sponsors in a changing IPO landscape
- SFC concludes consultation on the enhanced Investor Compensation Regime
- SFC seeks compensation and disqualification orders against Perfect Optronics Limited’s chairman and board members
- SFC obtains disqualification orders against former chairman and executive directors of Inno-Tech Holdings Limited
- SFC reprimands and fines SEAVI Advent Ocean Private Equity Limited $1 million
- Takeovers Panel: Broadford Global Limited not permitted to deduct dividend from offer price
- SFC bans Vincent Ng Lok Kan for 30 months
Regulatory News (Sep 2019)
/in Regulatory News /by Tony Chan- SFC releases FAQs on its Guidelines for Securities Margin Financing Activities
- SFC issues restriction notice to a broker to freeze client accounts related to a corporate officer’s suspected breach of duties
- SFC proposes to regulate trustees and custodians of public funds
- SFC bans Ye Feng for life
- SFC obtains disqualification order against former executive director of Life Healthcare Group Limited
- SFC commences Market Misconduct Tribunal proceedings over alleged insider dealing in Meadville Holdings Limited shares
- SFC bans Jacky Cheung Chiu Hung for two years
- SFC reprimands and fines HSBC $2.1 million for breaching telephone recording requirements
Regulatory News (Aug 2019)
/in Regulatory News /by Tony Chan- Court extends interim injunctions freezing assets of suspected manipulators of GEM stock
- SFC and the ICAC sign MoU to strengthen cooperation in combating financial crime
- SFC bans Samuel Lee Kwok Tung for eight months
- SFC welcomes appointment of Executive Director
- SFC reprimands and fines Sincere Securities Limited $5 million for internal control failings
- SFC issues quarterly report
- SFC bans Tu Bing for life
Regulatory News (Jul 2019)
/in Regulatory News /by Tony Chan- SFC issues statement on backdoor listings and shell activities
- Hong Kong’s asset and wealth management business reached $23,955 billion in 2018
- Takeovers Panel rules against waiver of general offer obligation in proposed Maanshan Iron acquisition
- SFC-ICAC operation leads to charging of ex-Convoy Global Executive Directors and broker’s general manager
- SFC welcomes re-appointment of Non-Executive Director
- SFC welcomes re-appointment of Executive Director
- Court sets pre-trial review for unlicensed activities prosecution
- SFC reprimands and fines Lee’s Securities Company Limited $520,000 for internal control failings
- SFC suspends Hui Kwok Piu for illegal short selling
- SFC reprimands and fines Glory Sun Securities Limited $1.2 million and suspends its current and former responsible officers
- SFC bans Song Peng for 10 months
- SFC publicly criticises CM Asset Management (Hongkong) Company Limited for breaches of Takeovers Code
- SFC reprimands and fines Celestial Commodities Limited and Celestial Securities Limited $6.3 million for mishandling client money
- Signing of Tri-partite MoU on audit working papers by Ministry of Finance, CSRC and SFC
- SFC bans Goldman Sachs (Asia) L.L.C. former responsible officer Tim Leissner for life
Regulatory News (Jun 2019)
/in Regulatory News /by Tony Chan- Regulators conclude consultation on annual update to the list of Financial Services Providers under the clearing obligation for OTC derivative transactions
- SFC and ICAC search sponsor firms
- Market Misconduct Tribunal fines Health and Happiness and its chairman $3.2 million in total for late disclosure of inside information
- SFC issues restriction notices to 14 brokers to freeze client accounts linked to suspected market manipulation of Smartac Group China Holdings Limited
- SFC issues restriction notices to nine brokers to freeze client accounts linked to suspected market manipulation of China Ding Yi Feng shares
- SFAT affirms SFC decision to reprimand and fine FT Securities Limited $3.5 million
- New speech by Julia Leung: Keynote speech at 2019 Risk Hong Kong Conference
- SFC reprimands and fines Credit Suisse (Hong Kong) Limited and Credit Suisse AG $2.8 million for regulatory breaches
- SFC publishes Annual Report 2018-19
- New speeches by Julia Leung: Opening remarks at SFC Compliance Forum 2019
- SFC and CSRC hold high-level enforcement cooperation meeting
- New speech by Tim Lui: Speech at Hong Kong Institute of Directors Speaker Luncheon Meeting
- SFC seeks disqualification order against former chief financial officer of Fujian Nuoqi Co., Ltd.
Regulatory News (May 2019)
/in Regulatory News /by Tony Chan- SFC reprimands and fines China Merchants Securities (HK) Co., Limited $5 million for mishandling client money
- SFC bans Wong Ka Hang for nine months
- SFC reprimands and fines China Merchants Securities (HK) Co., Limited $27 million for sponsor failures
- Court of Appeal dismisses leave application of Andrew Left
- Futures trader Tsoi Wan convicted of market manipulation
- SFC bans Wang Can for 30 months
- SFC suspends Gransing Securities’s chairperson Oei Hong Eng for eight months
- SFC-ICAC operation leads to charging of ex-Convoy director Cho Kwai Chee
- SFC and AFM sign MoU on Netherlands-Hong Kong Mutual Recognition of Funds
Regulatory News (Apr 2019)
/in Regulatory News /by Tony Chan- Consultation on further enhancements to the OTC derivatives regime
- Retrial of insider dealing case after Court of Final Appeal dismisses leave application to appeal
- Appointments and re-appointments to SFC Advisory Committee
- SFC welcomes re-appointment of Executive Director
- SFC bans former responsible officer of Guosen Securities (HK) Brokerage Company, Limited for 10 months
- SFC reprimands and fines Nine Masts Capital Limited $1.2 million over naked short selling
- Market Misconduct Tribunal fines Fujikon, its CEO and CFO $1.5 million in total for late disclosure of inside information
- Former director of DBA Telecommunication (Asia) Holdings Limited convicted of issuing false or misleading announcement
- SFC commences insider dealing prosecution against legal adviser
- SFC publishes guidance on enhanced disclosures for green or ESG funds
- SFC publicly criticises Kwok Tse Wah for breaches of Takeovers Code
- SFC concludes consultation on securities margin financing
Latest Press Release
- CompliancePlus presented awards to winners of Clinical Legal Education Book Prize 2019 in HKU
- CompliancePlus celebrates 10-Year Anniversary
- CompliancePlus sponsored Master Insight Financial and Economic Forum 2019
- CompliancePlus partners with Oriel College, Oxford to promote cross border exchanges
- CompliancePlus presented prizes to HKU law graduates
Latest Media Coverage
- HKEJ article on penalties against Management if Listco violates listing rules
- CompliancePlus recognised as APAC CIO Outlook Top 10 RegTech Consulting/ Services Companies – 2019
- HKEJ article on SFC licensed firms transactions
- HKET article on non-executive directors for listed companies
- Economics Times coverage on HKEX listing consultation