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Enforcement
SFC Bans Former China Rise CEO for Naked Short Selling
By Editors | 01/04/2020
The ex-CEO was banned for 28 months for placing – and concealing – uncovered short selling orders through his personal account and a client’s discretionary account in 2014.
Securities / Derivatives
SFC Extends Deadlines on Three Regulatory Initiatives
By Editors | 31/03/2020
The deferred initiatives relate to new requirements on external data storage, client asset protection, and brokers’ systems for maintaining order life cycle data.
Securities / Derivatives
Hong Kong to Update List of FSPs Under Clearing Obligation
By Editors | 27/03/2020
Eight additional entities are proposed to be included on the list of Financial Services Providers under the OTC derivatives clearing regime.
Securities / Derivatives
SFC Steps Up Scrutiny of Fund Industry Amid Recent Volatility
By Editors | 27/03/2020
The SFC reminds managers, trustees, custodians and intermediaries of funds to look out for clients interests amid “unprecedented volatility across asset classes”.
Enforcement
ICAC Charges Ex-HKEX Official for Bribery, Misconduct
By Editors | 25/03/2020
A former joint-head of HKEX’s IPO Vetting Team has been charged over HK$9.15mn in bribes and misconduct in public office between June 2017 and April 2019.
Enforcement
SFC Imposes Lifetime Ban on Former China Pacific Securities Broker
By Editors | 24/03/2020
The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.
Securities / Derivatives
HKEX to Introduce Master SPSA Service for Fund Managers
By Editors | 18/03/2020
The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.
Securities / Derivatives
Hong Kong to Allow 60 Days Grace for Publishing Annual Reports
By Editors | 16/03/2020
Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.
Enforcement
SFC Considers Easing Data Storage Rules – Report
By Editors | 11/03/2020
Industry bodies are reportedly working with the SFC to clarify the rules and make compliance easier, though it is unclear what specific steps it will take to ease the requirements.
Securities / Derivatives
SFC Highlights Key Regulatory Initiatives in Quarterly Report
By Editors | 25/02/2020
Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.
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