Securities and Futures Commission

Crypto / Digital Assets

ZA Bank Launches Crypto Trading Services for Retail Clients

By Sanday Chongo Kabange | 25/11/2024

Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

Enforcement

SFC Suspends Former Yuanta Securities Licensee for 26 Months

By Mark Johnston | 22/11/2024

The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.

Enforcement

Korea FSS to End Short-Selling Investigation by Year-End

By Nithya Subramanian | 20/11/2024

FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.

Enforcement

SFC Commences Additional MMT Proceedings in Ding Yi Feng Case

By Sanday Chongo Kabange | 15/11/2024

Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.

Fintech / Regtech

HK SFC Sets Expectations on Use of GenAI Language Models

By Manesh Samtani | 14/11/2024

Licensed corporations intending to adopt GenAI language models in “high-risk use cases” are asked to discuss their plans with the SFC first.

Enforcement

SFC Imposes 15-Year Ban on Former Hedge Fund Exec

By Sanday Chongo Kabange | 07/11/2024

The SFC barred the former chief investment officer of a hedge fund from re-entering the industry for 15 years for false trading.

Crypto / Digital Assets

Hong Kong Broker to Launch ‘Virtual Asset Structured Products’

By Editors | 06/11/2024

Victory Securities said the SFC has granted it approval to market and distribute “cash-settled virtual asset structured products” to qualified professional investors.

Crypto / Digital Assets

Hong Kong’s OSL Group Expanding to Japan via Acquisition

By Thisanka Siripala | 06/11/2024

OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

AML / KYC

SFC Calls for Responsible Adoption of Regtech for AML Fight

By Sanday Chongo Kabange | 05/11/2024

In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.