Programme to cover cyber resilience assessment, professional development and information sharing.
Hong Kong SFC’s punitive measures are unlikely to make investing safer for advisors or clients.
Private banking unit was hit with HKD605mn SFC fine in July 2015.
Rating agency cites continued danger but notes banks’ declining exposure to mainland.
Regime introduces principles-based test for sophistication of corporate professional investors.
Thomas Atkinson to move from Ontario Securities Commission on 3-year term.
Hong Kong regulator considering UK-style framework and prospectus exemptions.
System would allow regulator to see beyond broker transactions to identify instructing investors.
Only minor changes made to best-practice guidelines after public consultation.