Securities and Futures Commission

Capital / Liquidity

HKMA, SFC Set Out Expectations Under New Regime for Depositaries

By Manesh Samtani | 28/07/2023

Applications now being accepted under the new regulatory regime for depositaries of collective investment schemes.

Crypto / Digital Assets

HashKey Partners with Securities Firm to Offer Crypto Trading

By Editors | 25/07/2023

The partnership with Quam Securities and Longbridge Whale marks a “new chapter” for the adoption of virtual assets by brokers, HaskKey said.

Securities / Derivatives

Enhancements to Wealth Connect, Bond Connect Coming ‘Soon’

By Editors | 25/07/2023

Regulators to include more products in Wealth Connect and southbound Bond Connect, while allowing more investors to participate.

Korea Issues Revised Guidelines on Accounting Fraud Investigations

By Sanday Chongo Kabange | 17/07/2023

The guidelines require external auditors to notify companies of any accounting fraud worth more than KRW 5 billion.

Enforcement

SFC, AFRC to Jointly Target Misconduct By Listed Issuers

By Sanday Chongo Kabange | 14/07/2023

The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.

Enforcement

SFC Fines Fund Manager for Failing to Segregate Client Funds

By Sanday Chongo Kabange | 14/07/2023

The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.

Securities / Derivatives

Hong Kong SFC Bans Former RaffAello Officer over IPO Sponsor Failures

By Ranamita Chakraborty | 12/07/2023

The Securities and Futures Commission (SFC) found that a former responsible officer and sponsor principal at a financial advisory firm had “failed to exercise due skill, care and diligence” in handling a listing application.

Crypto / Digital Assets

Hong Kong Establishes Task Force to Advance Web3 Development

By Sanday Chongo Kabange | 03/07/2023

The task force will bring together industry leaders and regulators to provide advice on developing Hong Kong into a Web3 hub.

Securities / Derivatives

SFC to Further Enhance Market Connectivity With Mainland

By Manesh Samtani | 28/06/2023

SFC chief Julia Leung said at an ASIFMA event that new Mainland-based derivatives contracts will be launched in Hong Kong.