Securities and Futures Commission

    ESG / Sustainability

    SFC Finalises Climate Risk Requirements for Fund Managers

    By Manesh Samtani | 22/08/2021

    Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

    Market Infrastructure

    HKEX Set to Launch A-share Index Futures in October

    By Editors | 20/08/2021

    The SFC approved HKEX’s launch of the new futures contract on Friday, calling it a major milestone for Hong Kong’s capital markets.

    AML / KYC

    HKEX Publishes Operational Details for New Investor ID Regime

    By Manesh Samtani | 15/08/2021

    Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.

    AML / KYC

    SFC Finalises Investor ID, OTC Securities Reporting Regimes

    By Manesh Samtani | 11/08/2021

    The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

    Enforcement

    Former HKEX Exec Pleads Not Guilty to Corruption Charges

    By Editors | 11/08/2021

    The former co-head of HKEX’s IPO-vetting team, Eugene Yeoh, was arrested in June 2019 for alleged bribery and misconduct in public office.

    Securities / Derivatives

    Deutsche Bank Set to Regain Ability to Sponsor HK IPOs

    By Ranamita Chakraborty | 05/08/2021

    Deutsche Bank has reportedly secured two senior hires who will be able to act as IPO principals, subject to regulatory approval.

    Enforcement

    Hong Kong SFC Fines UBS Over Regulatory Breaches

    By Editors | 03/08/2021

    The breaches involve research report disclosures, telephone recordings, client derivatives knowledge assessments, and structured product sales.

    AML / KYC

    SFC Calls on Industry to Report Suspected Ramp-and-dump Activity

    By Manesh Samtani | 26/07/2021

    Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.

    AML / KYC

    SFC Sanctions Sino-Rich Responsible Officers Over AML Breaches

    By Editors | 20/07/2021

    Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.

    AML / KYC

    SFC Issues Warning on Unregulated Virtual Asset Platforms

    By Editors | 18/07/2021

    Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

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