Securities and Futures Commission

Trading & Investment

HK SFC Reprimands, Fines Forex Firm

By Samuel Riding | 10/02/2017

Firm’s neglect of regulatory standards affected prices in about 240 transactions.

Market Abuse

HK Freezes Assets in Insider Dealing Probe

By Samuel Riding | 06/02/2017

Court grants SFC request to stop suspects transferring $3.3 million out of Hong Kong.

Clearing & Post-Trade

HK Announces OTC Derivatives Reporting Tests

By Samuel Riding | 30/01/2017

Licensed corporations need to complete tests by the end of May.

Anti-Money Laundering

HK Regulator Details AML/CTF Failures

By Samuel Riding | 27/01/2017

SFC identified 200 instances of non-compliance during 2016 inspections.

Cybersecurity

HK Brokers Blackmailed by DDoS Attackers – SFC

By Samuel Riding | 27/01/2017

Regulator urges firms to implement anti-DDoS systems, warns on ‘reflective amplification’ attacks.

Conduct, Culture & Accountability

HK SFC Reprimands, Fines Asset Manager

By Samuel Riding | 26/01/2017

Regulator concludes Value Partners exceeded authorised share capital, failed to report incident in good time.

KYC & CDD

HK SFC Eyes ‘Unusual Volatility’ on GEM

By Samuel Riding | 23/01/2017

New guidelines aim to address ‘unusual high volatility’ on listed GEM securities.

Structural Regulation

HK, US Regulators Agree Cross-Border Monitoring

By Samuel Riding | 20/01/2017

Agreement covers cooperation on license exemptions and on-site visits for financial infrastructures and firms.

Conduct, Culture & Accountability

HK Firms Appointing Juniors as Responsible Officers – SFC

By Samuel Riding | 20/01/2017

Executive director for intermediaries defends Manager-in-Charge regime.