Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.
The new Advisory Group will advise the HKEX board on the development of China’s financial markets and economy.
The syndicate is said to have conned 10 local victims out of HKD 20 million and another seven out of HKD 1.5 million in Macau.
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.
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