Securities and Futures Commission

    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.

    ESG / Sustainability

    Hong Kong Launches Centre for Green and Sustainable Finance

    By Manesh Samtani | 15/07/2021

    The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.

    Fintech / Regtech

    SFC, Canadian Regulators Establish Fintech Cooperation Agreement

    By Editors | 12/07/2021

    Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.

    ESG / Sustainability

    Taiwan FSC Tightens Rules for ESG-themed Funds

    By Sanday Chongo Kabange | 08/07/2021

    Asset managers are required to set one sustainability goal and explain how their investments help achieve that goal.

    Enforcement

    ICAC, SFC Arrest Listed Company Exec in Joint Operation

    By Sanday Chongo Kabange | 08/07/2021

    The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.

    Enforcement

    SFC Bans Former Mason Securities Representative for 12 Months

    By Editors | 07/07/2021

    The licensed representative falsely declared that he provided risk disclosure statements to six clients when they opened accounts.

    AML / KYC

    SFC Fines Yardley Securities CEO for AML/CFT Breaches

    By Editors | 05/07/2021

    The processing and approval of suspicious third party fund transfers were attributable to the CEO’s failures to discharge his duties, the SFC said.

    Crypto / Digital Assets

    SFC Sets Out Key Priorities in Annual Report

    By Manesh Samtani | 03/07/2021

    The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.

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