HKMA statistics show that phishing frauds in the first six months of 2021 were up 145% from the first half of 2020.
The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.
The licensed representative falsely declared that he provided risk disclosure statements to six clients when they opened accounts.
HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.
The processing and approval of suspicious third party fund transfers were attributable to the CEO's failures to discharge his duties, the SFC said.
The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
Deutsche was meant to replace two departing senior employees and obtain SFC approval for their replacements but a "timing mismatch" occurred.
Levies will be payable to the Financial Reporting Council by sellers and purchasers of securities, public interest entities, and PIE auditors from 1 January 2022.
The HKMA's enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.
At the HKMA's flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.
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