Hong Kong

    Enforcement

    HK ICAC Charges Property Agent With Mortgage Loan Fraud

    By Ranamita Chakraborty | 01/11/2021

    The property agent Chiu Ka-wai applied for a mortgage loan with HSBC and falsely represented that the property was for self-occupancy.

    Securities / Derivatives

    Hong Kong Introduces Fund Re-domiciliation Mechanisms

    By Manesh Samtani | 01/11/2021

    New mechanisms have been established to enable investment funds set up overseas to re-domicile to Hong Kong as OFCs or LPFs.

    Fintech / Regtech

    HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

    By Editors | 31/10/2021

    An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

    Securities / Derivatives

    Hong Kong Bourse Launches ‘Kill Switch’ Service

    By Editors | 31/10/2021

    The ‘kill switch’ service allows exchange participants to quickly cancel outstanding orders by broker number in contingencies.

    Securities / Derivatives

    HKEX Proposes Changes to Rules Governing Share Schemes

    By Editors | 31/10/2021

    Listed companies will be able to grant no more than 10 percent of their total shares in share award or option schemes.

    Securities / Derivatives

    SFC Finalises Conduct Rules for Bookbuilding, Placing Activities

    By Manesh Samtani | 31/10/2021

    New requirements on bookbuilding, pricing, allocation and placing activities will take effect in August 2022, the SFC said.

    Securities / Derivatives

    HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

    By Editors | 30/10/2021

    Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.

    Securities / Derivatives

    SFC Finalises Changes to Code on Pooled Retirement Funds

    By Editors | 29/10/2021

    The amendments include enhanced requirements for PRF operators including product providers, trustees, management companies and insurance companies.

    HK Passes Legislation to Expand FRC’s Regulatory Functions

    By Sanday Chongo Kabange | 28/10/2021

    The FRC will become a full-fledged independent regulatory body for the accounting profession, performing inspections, investigations and disciplinary work.

    Enforcement

    SFC Bans Former StanChart Licensee for Life

    By Editors | 28/10/2021

    The former licensee failed to disclose to the SFC in licensing applications that he was the subject of a criminal investigation.

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