Regulatory News – Page 6 – CompliancePlus Consulting Limited

Regulatory News (Jan 2020)

January 8, 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

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2020-01-08 13:13:022020-02-18 16:27:29Regulatory News (Jan 2020)

Regulatory News (Dec 2019)

December 11, 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

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-12-11 12:31:342020-01-08 13:06:56Regulatory News (Dec 2019)

Regulatory News (Nov 2019)

November 11, 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

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-11-11 16:21:142019-12-11 12:26:23Regulatory News (Nov 2019)

Regulatory News (Oct 2019)

October 30, 2019/in Regulatory News /by Tony Chan

SFC commences MMT proceedings against China Medical & Healthcare Group Limited and its senior management for alleged late disclosure of inside information
SFC issues guidance on external electronic data storage
SFC reprimands and fines China Rise Securities Asset Management Company Limited $6.3 million for regulatory breaches and internal control failures
SFC commences insider dealing prosecution against a former staff of Hong Kong Television Network Limited
New speech by Julia Leung: Supervising sponsors in a changing IPO landscape
SFC concludes consultation on the enhanced Investor Compensation Regime
SFC seeks compensation and disqualification orders against Perfect Optronics Limited’s chairman and board members
SFC obtains disqualification orders against former chairman and executive directors of Inno-Tech Holdings Limited
SFC reprimands and fines SEAVI Advent Ocean Private Equity Limited $1 million
Takeovers Panel: Broadford Global Limited not permitted to deduct dividend from offer price
SFC bans Vincent Ng Lok Kan for 30 months

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-10-30 18:04:432019-11-11 16:10:46Regulatory News (Oct 2019)

Regulatory News (Sep 2019)

September 11, 2019/in Regulatory News /by Tony Chan

SFC releases FAQs on its Guidelines for Securities Margin Financing Activities
SFC issues restriction notice to a broker to freeze client accounts related to a corporate officer’s suspected breach of duties
SFC proposes to regulate trustees and custodians of public funds
SFC bans Ye Feng for life
SFC obtains disqualification order against former executive director of Life Healthcare Group Limited
SFC commences Market Misconduct Tribunal proceedings over alleged insider dealing in Meadville Holdings Limited shares
SFC bans Jacky Cheung Chiu Hung for two years
SFC reprimands and fines HSBC $2.1 million for breaching telephone recording requirements

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-09-11 16:47:082019-10-30 17:48:37Regulatory News (Sep 2019)

Regulatory News (Aug 2019)

August 15, 2019/in Regulatory News /by Tony Chan

Court extends interim injunctions freezing assets of suspected manipulators of GEM stock
SFC and the ICAC sign MoU to strengthen cooperation in combating financial crime
SFC bans Samuel Lee Kwok Tung for eight months
SFC welcomes appointment of Executive Director
SFC reprimands and fines Sincere Securities Limited $5 million for internal control failings
SFC issues quarterly report
SFC bans Tu Bing for life

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-08-15 18:11:092019-09-03 17:22:55Regulatory News (Aug 2019)

Regulatory News (Jul 2019)

July 16, 2019/in Regulatory News /by Tony Chan

SFC issues statement on backdoor listings and shell activities
Hong Kong’s asset and wealth management business reached $23,955 billion in 2018
Takeovers Panel rules against waiver of general offer obligation in proposed Maanshan Iron acquisition
SFC-ICAC operation leads to charging of ex-Convoy Global Executive Directors and broker’s general manager
SFC welcomes re-appointment of Non-Executive Director
SFC welcomes re-appointment of Executive Director
Court sets pre-trial review for unlicensed activities prosecution
SFC reprimands and fines Lee’s Securities Company Limited $520,000 for internal control failings
SFC suspends Hui Kwok Piu for illegal short selling
SFC reprimands and fines Glory Sun Securities Limited $1.2 million and suspends its current and former responsible officers
SFC bans Song Peng for 10 months
SFC publicly criticises CM Asset Management (Hongkong) Company Limited for breaches of Takeovers Code
SFC reprimands and fines Celestial Commodities Limited and Celestial Securities Limited $6.3 million for mishandling client money
Signing of Tri-partite MoU on audit working papers by Ministry of Finance, CSRC and SFC
SFC bans Goldman Sachs (Asia) L.L.C. former responsible officer Tim Leissner for life

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-07-16 17:03:182019-08-15 17:56:01Regulatory News (Jul 2019)

Regulatory News (Jun 2019)

June 12, 2019/in Regulatory News /by Tony Chan

Regulators conclude consultation on annual update to the list of Financial Services Providers under the clearing obligation for OTC derivative transactions
SFC and ICAC search sponsor firms
Market Misconduct Tribunal fines Health and Happiness and its chairman $3.2 million in total for late disclosure of inside information
SFC issues restriction notices to 14 brokers to freeze client accounts linked to suspected market manipulation of Smartac Group China Holdings Limited
SFC issues restriction notices to nine brokers to freeze client accounts linked to suspected market manipulation of China Ding Yi Feng shares
SFAT affirms SFC decision to reprimand and fine FT Securities Limited $3.5 million
New speech by Julia Leung: Keynote speech at 2019 Risk Hong Kong Conference
SFC reprimands and fines Credit Suisse (Hong Kong) Limited and Credit Suisse AG $2.8 million for regulatory breaches
SFC publishes Annual Report 2018-19
New speeches by Julia Leung: Opening remarks at SFC Compliance Forum 2019
SFC and CSRC hold high-level enforcement cooperation meeting
New speech by Tim Lui: Speech at Hong Kong Institute of Directors Speaker Luncheon Meeting
SFC seeks disqualification order against former chief financial officer of Fujian Nuoqi Co., Ltd.

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-06-12 11:52:022019-07-16 16:41:38Regulatory News (Jun 2019)

Regulatory News (May 2019)

May 16, 2019/in Regulatory News /by Tony Chan

SFC reprimands and fines China Merchants Securities (HK) Co., Limited $5 million for mishandling client money
SFC bans Wong Ka Hang for nine months
SFC reprimands and fines China Merchants Securities (HK) Co., Limited $27 million for sponsor failures
Court of Appeal dismisses leave application of Andrew Left
Futures trader Tsoi Wan convicted of market manipulation
SFC bans Wang Can for 30 months
SFC suspends Gransing Securities’s chairperson Oei Hong Eng for eight months
SFC-ICAC operation leads to charging of ex-Convoy director Cho Kwai Chee
SFC and AFM sign MoU on Netherlands-Hong Kong Mutual Recognition of Funds

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-05-16 17:50:542019-06-12 11:39:14Regulatory News (May 2019)

Regulatory News (Apr 2019)

April 4, 2019/in Regulatory News /by Tony Chan

Consultation on further enhancements to the OTC derivatives regime
Retrial of insider dealing case after Court of Final Appeal dismisses leave application to appeal
Appointments and re-appointments to SFC Advisory Committee
SFC welcomes re-appointment of Executive Director
SFC bans former responsible officer of Guosen Securities (HK) Brokerage Company, Limited for 10 months
SFC reprimands and fines Nine Masts Capital Limited $1.2 million over naked short selling
Market Misconduct Tribunal fines Fujikon, its CEO and CFO $1.5 million in total for late disclosure of inside information
Former director of DBA Telecommunication (Asia) Holdings Limited convicted of issuing false or misleading announcement
SFC commences insider dealing prosecution against legal adviser
SFC publishes guidance on enhanced disclosures for green or ESG funds
SFC publicly criticises Kwok Tse Wah for breaches of Takeovers Code
SFC concludes consultation on securities margin financing

http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg 0 0 Tony Chan http://www.complianceplus.hk/wp-content/uploads/2015/10/Company-logo-340x170.jpg Tony Chan2019-04-04 16:56:492019-05-09 12:44:10Regulatory News (Apr 2019)

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