Regulatory News (Oct 2023)
/in Regulatory News /by Tony Chan- SFC consults further on proposed amendments for implementing an uncertificated securities market
- Court of Final Appeal unanimously dismisses appeal by suspected overseas manipulators
- SFC supports and sponsors the development of an industry-led voluntary code of conduct for ESG ratings and data products providers
- Court extends cut-off date for Maxim Fund investors to make claims by 30 November 2023
- Personal assistant to listed company’s chairman convicted of insider dealing
- SFC welcomes Chief Executive’s initiatives to enhance Hong Kong’s IFC status
- SFC restrains former director of SMI Culture & Travel Group Holdings Limited from disposing personal properties
- SFC, ICAC and AFRC conduct first tripartite operation against suspected corporate fraud and misconduct
- SFC welcomes re-appointment of Non-Executive Directors
- SFC consults on market sounding guidelines
- SFC bans Ivan Chan Chuk Cheung for seven years for IPO sponsor failures
- SFC commences legal proceedings against FingerTango Inc. and its current and former directors
- HKPF and SFC establish joint working group on VATPs
Regulatory News (Sep 2023)
/in Regulatory News /by Tony Chan- SFAT affirms SFC decision to ban Calvin Choi Chi Kin for two years
- SFC publishes lists of virtual asset trading platforms
- New speech by Christopher Wilson: Speech at Directors’ Symposium of the Hong Kong Institute of Directors
- Enhancements to the Cross-boundary Wealth Management Connect Pilot Scheme Strengthening Financial Market Connectivity in the GBA
- SFC-HKMA joint product survey in 2022 shows shifts to investments in money market funds
- New speech by Rico Leung: Keynote speech at ISDA Derivatives Trading Forum
- New speech by Christina Choi: Keynote speech at Bloomberg Buy-Side Forum 2023
- SFC obtains interim injunction against former director of SMI Culture & Travel Group Holdings Limited
- SFC steps up information dissemination and investor education on VATPs
- SFC amends takeovers and share buy-backs codes
- Statement on JPEX
- SFC bans Lo Wai Ming for seven months
- SFC reprimands and fines Chee Tak Securities Limited $2 million and sanctions its responsible officer for regulatory breaches
- Warning statement on unregulated virtual asset trading platform
- SFC revokes Axial Capital Management Limited’s licence and suspends its responsible officer for five years
- Court appoints administrators for Vantage New Generation Securities Limited
Regulatory News (Aug 2023)
/in Regulatory News /by Tony Chan- SFC and ICAC conduct joint operation against suspected market manipulation syndicate and Restriction Notices issued by the SFC to six brokers to freeze client accounts
- Regulators conclude consultation on revising OTC derivative Clearing Rules
- SFC concludes consultation on risk management guidelines for futures dealing activities
- SFC issues quarterly report
- SFC reprimands and fines China Industrial Securities International Brokerage Limited $3.5 million for internal control failures
- SFC fines Changjiang Corporate Finance (HK) Limited $20 million and suspends its licence for serious and extensive sponsor failures
- Securities fraud and illegal short selling case transferred to District Court
- Regulators reach consensus on introducing block trading under Stock Connect
- Market Misconduct Tribunal finds Mayer Holdings Limited and its former senior management for late disclosure of inside information
- SFC concludes consultation on amendments to enforcement-related provisions of the Securities and Futures Ordinance
- Warning: Virtual asset trading platforms engaging in improper practices
- Cross-Agency Steering Group announces priorities to further strengthen Hong Kong’s sustainable finance ecosystem
- Hong Kong’s asset and wealth management business fared on par with global markets in 2022
- Suspected core members of sophisticated syndicate charged in ramp-and-dump case
Regulatory News (Jul 2023)
/in Regulatory News /by Tony Chan- SFC welcomes licence and registration applications from depositaries of public funds
- Court convicted and fined Cheung Wing Hung for unlicensed activity
- SFC welcomes IOSCO endorsement of new sustainability disclosure standards
- SFC publishes review of SEHK’s performance in regulating listing matters
- New synopsis: Julia Leung’s keynote discussion at HKICPA’s CPA Congress
- SFC and AFRC join forces to combat misconduct by listed issuers
- SFC reprimands and fines Changjiang Asset Management (HK) Limited $3.4 million for regulatory breaches and internal control failures
- New speech by Tim Lui: Speech at Law Society of Hong Kong’s Forum
- SFC bans RaffAello Capital Limited’s former responsible officer for two years over IPO sponsor failures
- New speech by Julia Leung: Speech at HKSI Institute Regulatory Luncheon
- Court convicted and fined Ben Ngai Ping Kuen for unlicensed activity
Regulatory News (Jun 2023)
/in Regulatory News /by Tony Chan- Annual update to the list of Financial Services Providers under the OTC derivatives regulatory regime
- SFC and Exchange sign second addendum to MoU governing listing matters
- Cross-Agency Steering Group welcomes publication of IFRS Sustainability Disclosure Standards
- New speech by Julia Leung: Keynote speech at ASIFMA China Capital Markets Conference
- SFC obtains disqualification orders against former directors of National Agricultural Holdings Limited
- Four people charged following SFC and Police joint operation against securities fraud and illegal short selling
- New speech by Julia Leung: Keynote Speech at Executive Dinner organised by the Hong Kong Economic and Trade Office in Bangkok, Office for Attracting Strategic Enterprises and InvestHK
- SFC publishes Annual Report 2022-23
- SFC reprimands and fines Taiping Securities (HK) Co Limited $1.3 million for internal control failures over employee dealings
- Appointments and re-appointments to SFC Advisory Committee
- CSRC and SFC hold high-level meeting in Hong Kong
- SFC issues restriction notice to Global Group Securities Limited
- SFC bans Xie Yangxiong for life
- SFC updates guidance to prepare for HKD-RMB Dual Counter Model
- SFC concludes consultation on the position limit regime
- New speech by Julia Leung: Keynote speech at HKIFA 16th Annual Conference
Regulatory News (May 2023)
/in Regulatory News /by Tony Chan- SFC and Police joint operation against a suspect of illegal short selling and fraudulent activities
- Licence applicant convicted of providing false information to the SFC
- SFC obtains disqualification orders against former directors of Luxey International (Holdings) Limited
- SFC concludes consultation on regulation of virtual asset trading platforms
- SFC consults on revisions to takeovers and share buy-back rules
- Ramp-and-dump suspect arrested for breaches of court bail conditions
- SFC reprimands and fines China On Securities Limited $6 million for failures as share placement agent
- New speech by Julia Leung: Luncheon remarks at Hong Kong REITS Association
- SFC welcomes appointment of Executive Director
- Swap Connect commences today
- The People’s Bank of China, Securities and Futures Commission and Hong Kong Monetary Authority to commence mutual access between the Mainland and Hong Kong interest rate swap markets
- SFC commences MMT proceedings against former bank employee over alleged insider dealing
- SFC obtains court order to freeze assets of suspected insider dealers of I.T Limited shares
Regulatory News (Apr 2023)
/in Regulatory News /by Tony Chan- SFC welcomes Stock Exchange consultation on climate-related reporting requirements for listed companies
- New speech by Keith Choy: Keynote Speech at Hong Kong Web3 Festival 2023
- SFC reprimands and fines Ninety One Hong Kong Limited $1.4 million for unlicensed futures trading
- Suspected core member of syndicate charged in ramp-and-dump case
- Six more charged in SFC and Police joint operation against sophisticated ramp-and-dump syndicate
Regulatory News (Mar 2023)
/in Regulatory News /by Tony Chan- SFC consults on proposed subsidiary legislation for implementing an uncertificated securities market in Hong Kong
- SFC concludes consultation on introduction of new regulated activity for depositaries of public funds
- Court reaffirms SFC’s power of issuing restriction notices
- SFC publishes quick reference guides for licensing requirements
- UBS AG’s acquisition of Credit Suisse AG
- SFC issues guidance in light of new Mainland rules for overseas listings
- Five more arrested in SFC and ICAC joint operation against sophisticated ramp-and-dump syndicate
- SFC and PBoC top management met in Beijing
- SFC and CSRC top management met in Beijing
- SFAT affirms SFC decision to reprimand and fine I-Access Investors Limited $600,000 over breach of the Code of Conduct
- Joint consultation on changes to the OTC derivative Clearing Rules
- SFC reprimands and fines City International Futures (Hong Kong) Limited $100,000 for regulatory breaches
- SFC issues quarterly report
- SFC bans Citigroup Global Markets Asia Limited’s former responsible officer Philip John Shaw for 10 years
- SFC welcomes re-appointment of Non-Executive Directors
- Investor identification regime to take effect on 20 March 2023
- SFC bans Wong Kwun Shing for life
Regulatory News (Feb 2023)
/in Regulatory News /by Tony Chan- SFC bans Chan Wai Chun for life
- SFC concludes consultation on introduction of new regulated activity for depositaries of public funds
- SFC welcomes government budget measures
- SFC consults on proposals to regulate virtual asset trading platforms
- SFC and CSRC enter into an MoU on regulatory cooperation
- SFC reprimands and fines Jinrui Futures (Hong Kong) Limited $4.8 million and sanctions its responsible officers for regulatory breaches