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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.
Enforcement
HK Court Upholds SFC Power to Access Digital Devices in Investigations
By Editors | 19/02/2020
The SFC is empowered to access to email accounts and personal digital devices which may contain information relevant to its investigations, the court said.
Enforcement
HK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws
By Editors | 17/02/2020
Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan’s regulator.
Securities / Derivatives
HK Accountants Body Calls for Blanket Extension to Results Deadline
By Editors | 12/02/2020
The SFC-HKEX decision to allow the publication of unaudited results on a case-by-case basis has “not yet fully addressed the concerns of the accounting industry”.
AML / KYC
SFC Fines BMI Securities, Suspends RO for AML Breaches
By Editors | 11/02/2020
The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.
Enforcement
SFC Bulletin Shows Sponsor Conduct Still Top-of-mind
By Editors | 07/02/2020
The Regulatory Bulletin offers case studies illustrating the SFC’s key areas of concern and recent regulatory interventions in IPO applications and corporate transactions.
Enforcement
SFC Imposes One-Year Ban on RHB Securities Analyst
By Editors | 06/02/2020
The analyst traded stocks covered in research reports he prepared through his father’s securities trading account held at another brokerage.
Securities / Derivatives
Hong Kong PE Firms Should Reassess Licensing Obligations
By Michael P Wong | 05/02/2020
Hong Kong private equity firms should reassess whether they have complied with licensing requirements in light of new guidance from the SFC, says Dechert partner Michael Wong.
Securities / Derivatives
HK Bourse to Grant Relief on Issuer Results Announcements
By Editors | 04/02/2020
Listed companies experiencing difficulties publishing results or audited financial statements due to coronavirus-related travel and other restrictions may be granted relief.
Enforcement
SFC Suspends RHB Securities AE for Unauthorised Discretionary Trades
By Editors | 30/01/2020
The account executive conducted discretionary trades for a client account for almost two years without obtaining written authorisation.
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