Securities and Futures Commission

Market Infrastructure

JBA Responds to Hong Kong OTC Derivatives Consultation

By Editors | 28/06/2019

The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.

Enforcement

HKEX Official Arrested in ICAC-SFC Joint Operation

By Editors | 27/06/2019

The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for “suspected corruption and misconduct” in relation to the vetting of listing applications.

Fintech / Regtech

GFiN Publishes Report Reflecting on First Year of Work

By Editors | 27/06/2019

The Global Financial Innovation Network has published a report reflecting on its work  over the past year, and its ambitions for the future.

Securities / Derivatives

SFC Orders Freezing of More Assets Linked to Manipulation Case

By Editors | 26/06/2019

The SFC has ordered more brokers to stop dealing with and processing assets linked to suspected market manipulation of Ding Yi Feng shares.

Enforcement

Hong Kong SFC Releases 2018-19 Annual Report

By Editors | 24/06/2019

The SFC is working to introduce an investor identification regime for southbound Stock Connect trading in mid-2019, and considering adopting a market-wide circuit breaker mechanism.

Enforcement

SFC Fines Credit Suisse $2.8m over Research Reports

By Editors | 20/06/2019

Credit Suisse has been fined $2.8m for failing to disclose investment banking relationships and market making activities in research reports on Hong Kong-listed securities.

Securities / Derivatives

Complex Group Arrangements Compound Margin Financing Risks: SFC

By Manesh Samtani | 19/06/2019

Deputy chief Julia Leung says the SFC is concerned that brokers are using complex trading arrangements to circumvent regulatory oversight, among other supervisory priorities.

Securities / Derivatives

SFC Warns FX Brokers Against Servicing Mainland Clients

By Editors | 18/06/2019

Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.

Enforcement

SFC, CSRC to Facilitate Cross-Border Investigations

By Editors | 17/06/2019

The SFC and CSRC have agreed on a new cooperative framework to facilitate and coordinate cross-border investigations in “high impact or urgent cases”.