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
Regulatory News (Mar 2019)
/in Regulatory News /by Tony Chan- Appointments to SFC committees
- New speech by Ashley Alder: Remarks at Bloomberg BuySide Summit 2019
- SFC issues restriction notices to nine brokers to freeze client accounts linked to suspected market manipulation of China Ding Yi Feng shares
- SFC reprimands and fines BOCI Securities Limited HK$10 million for regulatory breaches in selling investment products
- SFC reprimands and fines Merrill Lynch Far East Limited $128 million for sponsor failures
- SFC reprimands and fines Morgan Stanley Asia Limited $224 million for sponsor failures
- SFC reprimands and fines Standard Chartered Securities $59.7 million for sponsor failures
- SFC fines UBS $375 million and suspends its licence for one year for sponsor failures
- SFC seeks disqualification orders against former directors of Luxey International (Holdings) Limited
- SFC welcomes appointment of Non-Executive Directors
Regulatory News (Feb 2019)
/in Regulatory News /by Tony Chan- SFC suspends CMS’s former responsible officer Wu Yinong for 18 months
- Court of Appeal dismisses appeal by Andrew Left
- SFC issues quarterly report
- Update on the SFC’s front-loaded regulation of listing matters
- Former GEM-listed group finance manager jailed for four months for insider dealing
- SFC reprimands and fines Guosen Securities (HK) Brokerage Company, Limited $15.2 million for breaches of anti-money laundering regulatory requirements
- SFC issues restriction notices to three brokers to freeze client accounts related to suspected market misconduct
- Court dismisses judicial review application against SFC
- SFC revokes W. Falcon Asset Management (Asia) Limited’s licence
- New measures to update the SFC’s licensing processes
Regulatory News (Jan 2019)
/in Regulatory News /by Tony Chan- Joint consultation on the model for an uncertificated securities market
- Market Misconduct Tribunal sanctions China AU’s former CEO and related persons for false trading
- SFC and CSSF sign MoU on Luxembourg-Hong Kong Mutual Recognition of Funds
- SFC reprimands and fines FWD Life Insurance Company (Bermuda) Limited $2.4 million for regulatory breaches
- SFC issues restriction notices to three brokers to prohibit order placing in listed derivative warrants in client accounts linked to suspected market misconduct
Regulatory News (Dec 2018)
/in Regulatory News /by Tony Chan- SFC reprimands and fines Ardon Maroon Fund Management (Hong Kong) Limited $800,000 for cross trade related failures
- Court orders boiler room fraudsters to compensate investors
- SFC publishes review of SEHK’s performance in regulating listing matters
- SFC commences proceedings in Market Misconduct Tribunal against CMBC Capital Holdings Limited and its former directors for late disclosure of inside information
- SFC and CSRC hold high-level meeting on enforcement cooperation
- SFC announces agreement to enhance the exchange of information under Stock Connect
- SFC concludes consultation on OTC derivatives and conduct risks
- SFC bans Kong Kar Bong for 10 years
- SFC suspends Chan Ho Wai and Lam Wai Kit for nine months
- SFC survey finds 34% more investment products sold
- SFC issues quarterly report
- SFC concludes consultation on amendments to the Code on Unit Trusts and Mutual Funds
- SFC reprimands and fines SFM HK Management Limited $1.5 million over naked short selling
- CSRC and SFC sign MoU to enhance supervisory cooperation and exchange of information of Cross-Boundary Regulated Entities
Regulatory News (Nov 2018)
/in Regulatory News /by Tony Chan- SFC and CSRC hold joint training on digital forensics
- SFC commences MMT proceedings against Health and Happiness (H&H) International Holdings Ltd and its Chairman for late disclosure of inside information
- New speech by Ashley Alder: Speech at HKSI Institute Roundtable Luncheon
- New synopsis: Speech by Brian Ho at the 12th Annual Conference of the Hong Kong Investment Funds Association
- New speech by Ashley Alder – Fintech: Meeting the regulatory challenges
- SFC sets out new regulatory approach for virtual assets
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
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- CompliancePlus celebrates 10-Year Anniversary
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