Securities and Futures Commission

    AML / KYC

    Postcards from the Crypto Frontier

    By Peter Guy | 30/04/2018

    Like a wild west cowboy town, Asian crypto-trading has overwhelmed regulatory efforts to control and discourage its growth. But regulatory confusion and misunderstanding have created opportunities and pitfalls.

    Market Infrastructure

    HKEX Appoints Laura Cha as Chairman

    By Editors | 27/04/2018

    Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.

    Fintech / Regtech

    HK Brokers Rush to Comply with SFC Cybersecurity Rules

    By JP Reimann | 18/04/2018

    Several online brokers had been hoping for a delay, tech advisory firm suggests some are ‘willing to trade a little security for convenience’.

    Enforcement

    SFC Reprimands, Fines Nomura’s Instinet $2.2mn

    By Editors | 16/04/2018

    The firm failed to put in place reasonable controls to ensure non-proprietary orders received execution priority, prevent erroneous and disorderly orders being sent to the market.

    Fintech / Regtech

    SFC Eying Rules on Instant Message Trade Orders

    By Samuel Riding | 16/04/2018

    Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.

    Securities / Derivatives

    SFC Identifies Best Practices for Alternative Liquidity Pools

    By Editors | 10/04/2018

    ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should be qualified investors.

    Fintech / Regtech

    SFC Issues Robo-advice Guidelines

    By Samuel Riding | 29/03/2018

    Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.

    Enforcement

    IPO Sponsors Still Deficient, says SFC

    By Editors | 27/03/2018

    Thematic review details deficiencies in standards of conduct, due diligence practices and internal systems and controls.

    Enforcement

    SFC Fines UBS Securities for Missing Client Consent Records

    By Editors | 23/03/2018

    The firm was only able to provide the regulator about half of the client consents for facilitation trades.

    Enforcement

    Deutsche Fined, Censured for HK Regulatory Breaches

    By Samuel Riding | 15/03/2018

    Securities regulator says fine would have been much higher were it not for self-reporting of breaches, cooperation in inquiry and ‘remedial measures’.

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