Securities and Futures Commission

    Enforcement

    SFC Probes CLSA Over CEFC Energy Bond Deal

    By Sanday Chongo Kabange | 25/06/2021

    A former CLSA managing director has accused CLSA of “blatant” misbehaviour as bond underwriter for the now-defunct CEFC Energy.

    HKMA, SFC Finalise Latest Changes to FSP List

    By Editors | 25/06/2021

    A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

    Enforcement

    SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements

    By Editors | 25/06/2021

    A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.

    Market Infrastructure

    HKMA Notifies Banks of Enhanced Competency Framework

    By Editors | 22/06/2021

    Banks are asked to review and assess the impact of the SFC’s revised framework and take action to ensure compliance.

    Crypto / Digital Assets

    InvestHK Launches 2021 Fintech Fast Track Programme

    By Sanday Chongo Kabange | 21/06/2021

    Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.

    ESG / Sustainability

    New Competency Framework to Take Effect from January: SFC

    By Editors | 21/06/2021

    Raising professional standards is crucial to maintain quality markets, particularly in view of the rapidly evolving financial landscape, says SFC chief Ashley Alder.

    Securities / Derivatives

    Hong Kong-Thailand Mutual Recognition of Funds Takes Effect

    By Manesh Samtani | 17/06/2021

    Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.

    Securities / Derivatives

    Hong Kong Enacts Framework for Uncertificated Securities Market

    By Editors | 13/06/2021

    The SFC will consult the market on the subsidiary legislation in due course to prescribe the detailed rules and implementation timetable.

    Market Infrastructure

    Regulatory Harmonisation Critical to OTC Derivatives Reporting

    By Priya Kundamal | 11/06/2021

    The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.

    Enforcement

    SFC Suspends GEO Securities Executive for 7.2 Months

    By Sanday Chongo Kabange | 11/06/2021

    GEO’s breaches were attributable to Lun Sheung Nim’s failure to discharge his duties as a responsible officer and member of the senior management.

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