SFC investigation reveals internal control failures resulted in at least 61 regulatory breaches involving short selling, required liquid capital deficit of HKD2 billion.
Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.
DTCC report says cyber risk continues to be seen as greatest threat, but many firms now see geopolitical issues as one of the five biggest concerns.
Deal involving multiple regional banks, which takes effect on 2 January, will enable wider use of domestic currencies in financial investment.
Judge rejects legal challenge to transfer of documents seized by SFC during execution of a search warrant to the Chinese securities regulator.
Securities regulator hopes to introduce regulations by first quarter of next year to democratise $300bn market.
Securities regulator says market has had insufficient institutional involvement, leading to poor price discovery and risk management.
Exploring key issues including the status of local subsidiaries, trading venue uncertainty, transaction reporting and more as the deadline looms.
Experts say regulators likely to accept a ‘best efforts’ approach for at least several weeks after MiFID II official implementation deadline.
New rules, which go into effect on 1 June next year, include restrictions on buy-in of securities companies, fund companies and other participants.