Regulatory News (Jul 2020)
/in Regulatory News /by Tony Chan- Court convicts and fines Brilliance Capital Management Limited and its director for unlicensed activities
- Policy Statement by the Securities and Futures Commission
- Court convicts and fines former officer of Wonderful Wealth Group Limited for unlicensed activities
- Court of Final Appeal dismisses leave application of Andrew Left
- SFC bans Lai Wing Fat for 20 months
- SFC welcomes appointment of Non-Executive Directors
- SFC publishes review of SEHK’s performance in regulating listing matters
- SFC commences false trading prosecution against retail investor
Regulatory News (Jun 2020)
/in Regulatory News /by Tony Chan- SFC office relocation
- Annual update to the list of Financial Services Providers under the clearing obligation for OTC derivative transactions
- SFC publishes Annual Report 2019-20
- SFC bans former responsible officer of Guosen Securities (HK) Brokerage Company, Limited for 12 months
- SFC reprimands and fines Guotai Junan Securities (Hong Kong) Limited $25.2 million for breaches relating to anti-money laundering and other regulatory requirements
- SFC publicly criticises CICC Financial Trading Limited and China International Capital Corporation Limited for breaches of Takeovers Code
- SFC publicly censures Fu Kwan for breach of the Takeovers Code
- OTC derivatives licensing regime: SFC concludes consultation on regulatory scope and competence requirements
- SFC CEO reappointed Chair of IOSCO Board
- SFC proposes changes to the Code on Real Estate Investment Trusts
- SFC reprimands and fines Potomac Capital Limited $800,000 for breaching Financial Resources Rules
- Court convicts and fines former director and shareholder of Wonderful Wealth Group Limited for unlicensed activities
Regulatory News (May 2020)
/in Regulatory News /by Tony Chan- SFC bans Kwok Chau Mo for nine months
- SFC seeks court order to wind up Combest Holdings Limited
- SFC reprimands and fines Convoy Asset Management Limited $6.4 million for regulatory breaches over bond recommendation
- SFC welcomes re-appointment of Chief Executive Officer
- SFC reprimands and fines Southwest Securities (HK) Brokerage Limited $5 million for breaches of anti-money laundering regulatory requirements
- SFC obtains disqualification orders against former directors of EganaGoldpfeil (Holdings) Ltd
- SFC reprimands and fines Mega International Commercial Bank Co., Ltd. $7 million for regulatory breaches over CIS sale
- SFC obtains court order against Shandong Molong Petroleum Machinery Company Limited
Regulatory News (Apr 2020)
/in Regulatory News /by Tony Chan- Unlicensed fund manager sentenced to community service
- SFC signs MoU with Competition Commission
- SFC obtains disqualification orders against former directors of Long Success International (Holdings) Limited
- SFC cautions on crude oil futures and ETFs
- SFC regulatory response to COVID-19
- SFC reprimands and fines BOCOM International Securities $19.6 million for internal control failures
- SFC scrutinises leveraged foreign exchange trading
- Joint consultation conclusions on the model for an uncertificated securities market
- SFC reprimands and fines HSBC Investment Funds (Hong Kong) Limited and HSBC Global Asset Management (Hong Kong) Limited HK$3.5 million for regulatory breaches over funds’ cash management
- SFC issues restriction notice to Agg. Asset Management Limited
- Joint Statement in relation to General Meetings in light of the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation
Regulatory News (Mar 2020)
/in Regulatory News /by Tony Chan- Appointments to SFC committees
- SFC sanctions China Rise Securities Asset Management Company Limited’s former responsible officers
- Consultation on annual update to the list of Financial Services Providers under the OTC derivatives regulatory regime
- SFC issues guidance to fund industry amidst COVID-19 outbreak
- Market Misconduct Tribunal finds Magic Holdings International Limited and its directors culpable of late disclosure of inside information
- SFC bans Mo Shau Wah for life
- SFC bans Chan Tan Lo for 14 months
- New SFC-SEHK announcement
Regulatory News (Feb 2020)
/in Regulatory News /by Tony Chan- SFC welcomes Budget measures
- SFC issues quarterly report
- Court dismisses challenge to SFC’s investigative powers
- SFC reprimands and fines Capital Global Management Limited $1.5 million
- SFC reprimands and fines BMI Securities Limited $3.7 million and suspends its responsible officer for breaches of anti-money laundering regulatory requirements
- New speech by Tim Lui at The Hong Kong Institute of Chartered Secretaries Annual Dinner 2020
- Update on the SFC’s front-loaded regulatory approach
- SFC bans Christopher Tse for 12 months
- Arrangements relating to SFC’s public services
- Joint Statement in relation to Results Announcements in light of Travel Restrictions related to the Severe Respiratory Disease associated with a Novel Infectious Agent
Regulatory News (Jan 2020)
/in Regulatory News /by Tony Chan- SFC suspends Shiu Yau Wah for five months
- SFC to commence proceedings for suspected market manipulation in the shares of China Ding Yi Feng and lifts trading suspension
- SFC issues restriction notice to a broker to freeze client accounts linked to suspected market manipulation
- SFC highlights importance of risk management
- Process Review Panel Report 2018-19
- SFC lifts suspension of UBS Securities Hong Kong Limited acting as sponsor
- SFC provides licensing guidance for private equity firms and family offices
- Court convicts unlicensed fund manager
- SFC reprimands and fines RHB Securities Hong Kong Limited $6.4 million
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
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
- Bloomberg TV Live Interview: Hong Kong Sanctions Could Threaten Banks
- AsianInvestor: Capital flight from Hong Kong “set to spike”
- Reuters: How financial firms in Hong Kong may be affected by U.S. sanctions
- SCMP: National security law: Hong Kong’s financial institutions gripped by anxiety over United States sanctions
- HKEJ article on penalties against Management if Listco violates listing rules