Securities and Futures Commission

Market Infrastructure

HK Budget Includes More Borrower Relief, Capital Market Reforms

By Manesh Samtani | 23/02/2022

Finance Secretary Paul Chan announced measures to further reform Hong Kong’s listing rules, promote the bond market, and introduce yuan share trading in the city.

Securities / Derivatives

SFC Confirms Plans to Regulate Fund Trustees, Custodians

By Manesh Samtani | 23/02/2022

A new regulated activity (RA 13) will be introduced which will subject trustees and custodians of public funds to licensing requirements and ongoing regulatory supervision.

Enforcement

HK Court Orders Illicit Insider Dealing Profits to Be Returned

By Editors | 17/02/2022

Illicit profits made from insider dealing in the shares of GEM-listed TeleEye Holdings in 2016 will be returned to 63 investors.

AML / KYC

SFC Fines South China Commodities for AML Breaches

By Editors | 14/02/2022

This is the third action the SFC has taken against a licensed firm over the use of Xinguanjia, a customer supplied system provided by Hengxin Software.

AML / KYC

HK Gov Issues Discussion Paper on Proposed VASP Regime

By Manesh Samtani | 11/02/2022

Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.

Securities / Derivatives

HKEX Calls for Improved Transparency in Annual Reports

By Editors | 02/02/2022

HKEX has referred cases to the SFC involving newly listed issuers entering investments or arrangements with the professional parties who helped them list.

AML / KYC

HKMA, SFC Allow Intermediaries to Offer Crypto Services

By Manesh Samtani | 31/01/2022

Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.

Enforcement

SFC Fines Citigroup Asia Unit for Client Facilitation Misconduct

By Editors | 28/01/2022

Deceptive practices were deployed at the expense of clients’ best interest and to the detriment of market integrity, said SFC chief Ashley Alder.

Market Infrastructure

ASIC, SFC Offer Guidance on FX Practices Following Joint Review

By Manesh Samtani | 27/01/2022

Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.