Securities and Futures Commission

Securities / Derivatives

SFC Issues Guidance on Offering Hong Kong Funds in UAE

By Mark Johnston | 11/04/2024

The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Enforcement

SFC Secures Court Orders Against Former Company CFO

By Sanday Chongo Kabange | 10/04/2024

The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.

Crypto / Digital Assets

China Asset Management Applies to Launch Spot Bitcoin ETF in HK

By Editors | 09/04/2024

China Asset Management, one of the Mainland’s largest asset management companies, also has a cooperation agreement with HashKey.

Securities / Derivatives

FSC Korea Unveils Incentives for ‘Corporate Value-up Programme’

By Editors | 03/04/2024

Companies that improve their corporate governance structures may receive exemptions from Korea’s stringent auditor designation requirements.

Crypto / Digital Assets

HKMA to Soon Issue Guidelines for Banks on DLT Adoption

By Manesh Samtani | 02/04/2024

HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.

Crypto / Digital Assets

Regulatory Certainty Needed to Fully Benefit from Tokenisation: SFC

By Nithya Subramanian | 01/04/2024

The SFC’s Elizabeth Wong says intermediaries planning to offer tokenised products must demonstrate that they have done their due diligence and can manage the associated risks.

Securities / Derivatives

SFC Proposes to Allow REITs to Privatise and Merge More Easily

By Editors | 31/03/2024

Various market conduct regimes designed for listed companies would also be extended to listed CIS including REITs.

Crypto / Digital Assets

VSFG & Value Partners Apply to Launch Spot Bitcoin ETF

By Editors | 29/03/2024

VSFG is said to be “actively engaged” in discussions with the SFC on plans to potentially launch the new spot bitcoin ETF in May.

Enforcement

SFC Refers Ding Yi Feng Case to Misconduct Tribunal

By Sanday Chongo Kabange | 29/03/2024

The new proceedings are in addition to separate court action that seeks to restore counterparties affected by alleged manipulation of Ding Yi Feng shares.