Securities and Futures Commission

    Enforcement

    SFC Launches Proceedings Against China Ding Yi Feng Manipulators

    By Editors | 23/01/2020

    On its first day of trading after a 10-month suspension, China Ding Yi Feng has lost 90% of its value, representing HKD 25 billion in lost market value.

    Securities / Derivatives

    SFC Offers Brokers, Fund Managers Guidance on Risk Governance

    By Editors | 21/01/2020

    Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.

    Enforcement

    Review Panel Offers Recommendations for Improving SFC Operations

    By Editors | 17/01/2020

    While welcoming the SFC’s front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.

    ESG / Sustainability

    Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement

    By Editors | 17/01/2020

    Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.

    ESG / Sustainability

    HKMA Urges Family Offices to Set Up in Hong Kong

    By Editors | 17/01/2020

    The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.

    Securities / Derivatives

    Hong Kong, China Resume Discussions on ETF Connect

    By Editors | 15/01/2020

    SFC deputy chief executive Julia Leung has indicated that discussions with the CSRC have resumed to address the technical challenges of implementing an ETF Connect.

    Enforcement

    SFC Lifts UBS Underwriting Suspension Two Months Early

    By Editors | 14/01/2020

    The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.

    Securities / Derivatives

    HKEX Asks Participants to Prepare Systems for Investor Compensation Levy

    By Editors | 13/01/2020

    While the collection of the investor compensation levy is currently suspended, exchange participants should take necessary actions to prepare for its calculation and payment.

    Enforcement

    HKEX Updates Rules for Southbound Investor Identification Regime

    By Editors | 08/01/2020

    The rule update requires the China broker to keep records of all submitted orders, SEHK trades and related client instructions for a minimum of 20 years.

    Securities / Derivatives

    SFC Provides Licensing Guidance for PE Firms, Family Offices

    By Editors | 08/01/2020

    The SFC has issued two circulars clarifying how licensing obligations apply to the activities of PE firms and family offices in Hong Kong.

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