Securities and Futures Commission

Enforcement

Korea Fines BNP Paribas, HSBC $20.4m for Illegal Short Selling

By Editors | 26/12/2023

The FSC said the naked short-selling transactions lasted for months and were thus were “viewed as not inadvertent but intentional.”

Crypto / Digital Assets

Hong Kong SFC to Permit Listing of Spot Crypto ETFs

By Manesh Samtani | 23/12/2023

HKEX welcomed the SFC’s move, saying it will enhance Hong Kong’s role as a leading digital asset hub across the region.

Securities / Derivatives

SFC Updates Guidance to Streamline Approval Processes for Funds

By Editors | 23/12/2023

The streamlined measures will enhance the operational efficiency and approval processes of SFC-authorised funds.

Enforcement

Korea Considers Naked Short-selling Penalties for Global Banks

By Editors | 22/12/2023

Last month, Korean regulators said they found that the Hong Kong units of HSBC and BNP Paribas committed naked short selling.

Enforcement

HK SFC Issues Warning About More Suspicious VATPs

By Sanday Chongo Kabange | 21/12/2023

The SFC said the police have blocked the two platforms in Hong Kong over suspected fraudulent activities related to virtual assets.

Market Infrastructure

SFC Reminds Market of Coming Changes to Position Limit Regime

By Mark Johnston | 20/12/2023

The SFC has published an FAQ and updated its guidance note to help market participants understand the amendments, which come into force on Friday.

Enforcement

SFC Fines Brokerage for Breaching Financial Resources Rules

By Mark Johnston | 19/12/2023

Central Wealth Securities Investment made various accounting and calculation errors in its financial returns and had a liquid capital deficit for eight months.

Enforcement

SFC Bans Ex Employee of OCBC Wing Hang Bank

By Sanday Chongo Kabange | 13/12/2023

The employee was earlier convicted for offering a colleague a bribe to refer mortgage refinancing clients to an external party.

Enforcement

HK’s Market Sounding Rules Could Impact Decision-making Dynamics

By Nithya Subramanian | 13/12/2023

Market participants have sought clarity on the definition of non-public information and jurisdiction from Hong Kong’s SFC.