SECURITIES / DERIVATIVES

Enforcement

ICAC Charges Former SFC Manager for Sharing Confidential Information

By Sanday Chongo Kabange | 02/12/2024

The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

Enforcement

Hong Kong Tribunal Penalises Former China Forestry Execs

By Nithya Subramanian | 01/12/2024

Five-year disqualification and cold shoulder orders were issued against two former executives. One was ordered one to disgorge HK$353mn.

Crypto / Digital Assets

HKMA Announces Launch of Digital Bond Grant Scheme

By Editors | 30/11/2024

The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

Securities / Derivatives

MAS Finalises New Leverage, Disclosure Requirements for REITs

By Nithya Subramanian | 29/11/2024

A minimum interest coverage ratio of 1.5 times and a 50 percent aggregate leverage cap apply to all REITs with immediate effect.

AML / KYC

FCA Unveils New 5-year Strategy to Boost Trust in UK Market

By Editors | 29/11/2024

FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.

Securities / Derivatives

Japan Strengthens Disclosure Rules for Strategic Shareholdings

By Thisanka Siripala | 29/11/2024

The new rule requires detailed disclosures for shares transitioned from strategic holdings to pure investment objectives.

Enforcement

Malaysia: Court of Appeal Upholds SC’s Case Related to Insider Trading

By Nithya Subramanian | 29/11/2024

The former deputy chairman of a listed company was ordered to pay MYR 3.28 million in disgorgement and a MYR 1 million civil penalty.

Enforcement

UK FCA Fines Macquarie Unit £13m for Control Failures

By Mark Johnston | 28/11/2024

The FCA said serious control failures allowed a junior trader to conceal over 400 fictitious trades to hide trading losses.

Securities / Derivatives

HKIC Invites Firms to Help Manage New CIES Investment Portfolio

By Sanday Chongo Kabange | 28/11/2024

Eligible fund managers have until 10 December to submit their proposals on how to achieve the objectives of the CIES investment portfolio.