Securities and Futures Commission

Enforcement

HK Investment Banks Face Naked Short Selling Fines in Korea

By Manesh Samtani | 16/10/2023

The FSS said it uncovered illegal short selling by two global investment banks. The banks were identified by local media as BNP Paribas and HSBC.

Enforcement

SFC Bans Investment Banker for Seven Years for Sponsor Failures

By Editors | 12/10/2023

The SFC said there was a need to send a “strong deterrent message” that failures of sponsors and sponsor principals will not be tolerated.

Securities / Derivatives

SFC Proposes New Guidelines for Market Soundings

By Manesh Samtani | 12/10/2023

The proposed guidelines introduce a common set of “Core Principles” for market soundings to prevent misuse of non-public information.

Crypto / Digital Assets

SFC, HKPF Form Dedicated Working Group on VATPs

By Sanday Chongo Kabange | 05/10/2023

The working group will facilitate information sharing and collaboration on monitoring and investigations involving crypto platforms.

Crypto / Digital Assets

HK, Macau Police Make Four New Arrests in JPEX Case

By Manesh Samtani | 03/10/2023

Two Hong Kong residents were arrested in Macau and two more in Hong Kong. One was found with documents that were shredded and bleached.

Crypto / Digital Assets

SFC Publishes Names of VATP Licence Applicants

By Editors | 01/10/2023

Four VATP operators have submitted licence applications to the SFC. Six entities are listed as ‘suspicious VATPs’.

Enforcement

SFAT Upholds SFC’s Decision to Bar Ex-UBS Banker for Two Years

By Mark Johnston | 30/09/2023

The SFAT has upheld the SFC’s decision to prohibit Calvin Choi from re-entering the industry for two years.

Market Infrastructure

Regulators Announce Planned Enhancements for Wealth Connect

By Editors | 29/09/2023

The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.

Market Infrastructure

Hong Kong Preparing to Launch A50 Options, T-Bond Futures

By Manesh Samtani | 29/09/2023

Speaking at ISDA’s Derivatives Trading Forum, the SFC’s Ricco Leung said Mainland regulators support the launch of an A50 options contract in Hong Kong.