Regulatory News (Dec 2020)
/in Regulatory News /by Tony Chan- SFC issues restriction notice to a broker to freeze client accounts linked to suspected market manipulation
- SFC reprimands and fines Fulbright Securities Limited $3.6 million
- SFC concludes consultation on customer due diligence requirements for open-ended fund companies
- SFC previews new electronic licensing services
- SFC proposes amendments to the Code on Pooled Retirement Funds
- Company secretary convicted of insider dealing
- Cross-agency steering group launches its Strategic Plan to Strengthen Hong Kong’s Financial Ecosystem to Support a Greener and More Sustainable Future
- SFC licenses first virtual asset trading platform
- Market Misconduct Tribunal finds Li Yik Shuen culpable of insider dealing in Meadville Holdings Limited shares
- SFC proposes to upgrade the industry’s competency standards
- SFC provides additional guidance on external electronic data storage
- Market Misconduct Tribunal finds insider dealing in China Gas shares
- Process Review Panel Report 2019-20
- SFC issues quarterly report
- SFC consults on investor identification
- Amendments to the Code on Real Estate Investment Trusts take effect
- Arrangements relating to SFC’s public services
Regulatory News (Nov 2020)
/in Regulatory News /by Tony Chan- SFC commences legal proceedings against New Ray Medicine International Holding Limited and its former top executives
- SFC concludes consultation on changes to the REIT Code
- SFC bans Pang Hon Pan for 21 months
- SFC bans Chan Shun King for 24 months
- SFC supports Chief Executive’s initiatives
- SFC and ISA sign Fintech cooperation agreement
- SFC statement on US sanctions
- Zeng Lingxi pleads not guilty to charges of obstructing the SFC’s search operation
- SFC reprimands and fines Credit Suisse Securities (Hong Kong) Limited $2.1 million over breaches of electronic trading requirements
- New speech by Ashley Alder: Keynote address at Hong Kong FinTech Week 2020
- SFC publicly censures Ngai Lai Ha and imposes a cold-shoulder order for breach of the Takeovers Code
Regulatory News (Oct 2020)
/in Regulatory News /by Tony Chan- New speech by Ashley Alder: Opening remarks at SFC Compliance Forum 2020
- SFC consults on climate-related risks in funds
- SFC suspends Sandra Cheung Wing Yi for 12 months
- SFC reprimands and fines Goldman Sachs (Asia) L.L.C. US$350 million for serious regulatory failures over 1Malaysia Development Berhad’s bond offerings
- Market Misconduct Tribunal sanctions CMBC Capital Holdings Limited and its former directors for late disclosure of inside information
- SFC publicly censures So Yuk Kwan and imposes a cold-shoulder order for breach of the Takeovers Code
- SFC welcomes re-appointment of Non-Executive Directors
- Redesigned SFC website
Regulatory News (Sep 2020)
/in Regulatory News /by Tony Chan- SFAT affirms SFC decision to ban Lai Voon Wai for five years for IPO sponsor failures
- SFC reprimands and fines China Everbright Securities (HK) Limited $2.5 million
- SFC signs new MoU with the Insurance Authority
- SFC warns of investment scams on social media
- SFC suspends Mung Wai Sun for nine months
- SFC launches consultation on anti-money laundering guidelines
- SFC reprimands and fines The Bank of East Asia, Limited $4.2 million for regulatory breaches
- SFC bans Fabian Shin Yick for 20 months over IPO sponsor failures
- SFC commences disciplinary proceedings against Ngai Lai Ha for alleged breach of Takeovers Code
- Retail investor convicted of false trading
- SFC statement on Police investigation concerning Next Digital shares
- Changes to the open-ended fund companies regime take effect
- SFC commences proceedings against Tianhe Chemicals Group Limited and its executive director for defective prospectus and to seek compensation orders for investors
- Former licensee convicted of providing false or misleading information to SFC
- SFC issues restriction notice to freeze broker’s client accounts linked to suspected market manipulation
- SFC concludes consultation on changes to the open-ended fund companies regime and further consults on customer due diligence requirements
Regulatory News (Aug 2020)
/in Regulatory News /by Tony Chan- SFC obtains arrest warrants for alleged manipulators of shares of Ching Lee Holdings Limited
- SFC bans Masy Lo Mee Chi for eight months
- Hong Kong-Mainland ETF cross-listing approved
- SFC bans TS’O Jing for life
- Hong Kong’s asset and wealth management business reports strong growth in 2019
- SFC commences criminal prosecution against Zeng Lingxi for obstruction of search operation
- SFC issues quarterly report
- SFC issues restriction notices to two brokerages to freeze accounts of client involved in suspected corporate misconduct
- SFC commences criminal prosecution on market manipulation of shares of Ching Lee Holdings Limited
- SFC bans Chan Yiu Ting for 18 months
- Statement on Next Digital Limited
- SFC issues restriction notices to two brokers to freeze client accounts linked to suspected market manipulation
- SFC statement on sanctions imposed by the US government
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
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
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