Regulatory News (Jul 2018)
- SFC publicly censures Liang Guosheng and imposes a cold-shoulder order for breach of the Takeovers Code
- SFC implements open-ended fund companies regime
- Account executive convicted and fined for illegal short selling
- Broker acquitted of illegal short selling
- Hong Kong’s asset and wealth management business reached $24,270 billion in 2017
- SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 million for regulatory breaches over bond sale
- SFC bans Poon Chun Hing for 30 months
- SFC bans Joseph Hsu Kar Hing for three years
- SFC welcomes appointment of Non-Executive Directors
- SFC welcomes re-appointment of Executive Directors
- SFC standardises rules for prescribing professional investors
- SFC amends takeovers rules
- SFC reprimands and fines Citigroup Global Markets Asia Limited $4 million for alternative liquidity pool failures
- SFC reprimands and fines CCB International Capital Limited $24 million for sponsor failures
- SFC consults on amendments to anti-money laundering and counter-terrorist financing guidelines