Securities and Futures Commission

Crypto / Digital Assets

HashKey, OSL Win Approvals Needed to Serve HK Retail Crypto Investors

By Manesh Samtani | 04/08/2023

As existing licence holders, both firms had to undergo only a simplified process to obtain the required approvals.

Enforcement

South Korea Penalises 18 Firms for Short-Selling Violations

By Sanday Chongo Kabange | 01/08/2023

The biggest fines went to QUANTin Asset Management and PFM Asset Management, which were penalised more than a combined KRW 600 million.

AML / KYC

HKMA, SFC Offer New Guidance on Suitability Obligations

By Manesh Samtani | 30/07/2023

HKMA and SFC say intermediaries can tailor their point-of-sale procedures to the personal circumstances of sophisticated professional investors.

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.