Securities and Futures Commission

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.

Enforcement

HK Police Arrest Man for Illegal Short Selling, Fraud

By Editors | 04/06/2023

The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

Enforcement

HK SFC Disqualifies Former Luxey International Directors

By Ranamita Chakraborty | 25/05/2023

A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.

AML / KYC

Hong Kong SFC Issues Updated AML/CFT Guidelines

By Editors | 25/05/2023

The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.

AML / KYC

SFC Finalises Licensing Regime for Crypto Trading Platforms

By Sanday Chongo Kabange | 24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

Securities / Derivatives

SFC Consults on Revisions to Takeovers and Share Buy-back Rules

By Editors | 21/05/2023

This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

Enforcement

SFC Fines Brokerage for Negligence During Share Placement

By Editors | 19/05/2023

China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.

Securities / Derivatives

SFC Chief Outlines Measures to Develop REITs Market

By Manesh Samtani | 17/05/2023

REITs could be allowed under Stock Connect, structured in a corporate (rather than trust) form, and add a renminbi counter for trading.

Securities / Derivatives

ICE Invites HK Firms to Trade Futures in Singapore

By Editors | 14/05/2023

ICE Clear Singapore received authorisation from the SFC allowing it to clear ICE Futures Singapore trades for Hong Kong-based clearing members.