Regulatory News (Feb 2021)
/in Regulatory News /by Tony Chan- SFC petitions for the winding up of Adamas Asset Management (HK) Limited and seeks to appoint provisional liquidators
- SFC and FRC to enhance collaboration
- SFC welcomes government budget measures
- SFC issues quarterly report
- SFC reprimands and fines Brilliance Asset Management Limited $3.15 million over short position reporting failures
- SFC issues restriction notices to 13 brokers to freeze client accounts linked to suspected social media ramp-and-dump scam
- New speech by Ashley Alder: Climate change and finance: What’s next for global regulators?
- SFC welcomes re-appointment of Executive Director and Deputy CEO
- SFC and Police warn investors about social media scams
- SFC issues restriction notices to two brokers to freeze client accounts linked to suspected social media ramp-and-dump scam
- SFC obtains disqualification orders against former senior executives of Far East Holdings International Limited
- SFC consults on conduct requirements for bookbuilding and placing activities
- MoU on Cross-boundary Wealth Management Connect
- SFC cautions investors on trading volatility
- Market Misconduct Tribunal sanctions Li Yik Shuen for insider dealing in Meadville Holdings Limited shares
- Notice inviting claims in respect of Hong Kong Wan Kiu Investment Company Limited
Regulatory News (Jan 2021)
/in Regulatory News /by Tony Chan- SFC issues restriction notices to five brokers to freeze client accounts linked to suspected market manipulation
- Hong Kong and Thailand regulators sign MoU on Mutual Recognition of Funds
- New speech by Ashley Alder: Special remarks at the Asian Financial Forum 2021
- Court upholds jail sentence against former GEM-listed group finance manager for insider dealing
- Company secretary jailed for insider dealing
- SFC bans Yung Lap Hong for life
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
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 the Management and Disclosure of Climate related Risks by Fund Managers
- 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