Hong Kong

    Fintech / Regtech

    SFC, Canadian Regulators Establish Fintech Cooperation Agreement

    By Editors | 12/07/2021

    Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.

    Securities / Derivatives

    HKEX Establishes Mainland China Advisory Group

    By Editors | 12/07/2021

    The new Advisory Group will advise the HKEX board on the development of China’s financial markets and economy.

    AML / KYC

    HK, Macau Police Arrest Break Up Romance Scam Syndicate

    By Editors | 11/07/2021

    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.

    AML / KYC

    HKMA Launches Campaign to Raise Awareness of Phishing

    By Sanday Chongo Kabange | 08/07/2021

    HKMA statistics show that phishing frauds in the first six months of 2021 were up 145% from the first half of 2020.

    Enforcement

    ICAC, SFC Arrest Listed Company Exec in Joint Operation

    By Sanday Chongo Kabange | 08/07/2021

    The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.

    Enforcement

    SFC Bans Former Mason Securities Representative for 12 Months

    By Editors | 07/07/2021

    The licensed representative falsely declared that he provided risk disclosure statements to six clients when they opened accounts.

    Market Infrastructure

    HKEX to Roll Out New IPO Settlement Platform Next Year

    By Editors | 06/07/2021

    HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.

    AML / KYC

    SFC Fines Yardley Securities CEO for AML/CFT Breaches

    By Editors | 05/07/2021

    The processing and approval of suspicious third party fund transfers were attributable to the CEO’s failures to discharge his duties, the SFC said.

    Crypto / Digital Assets

    SFC Sets Out Key Priorities in Annual Report

    By Manesh Samtani | 03/07/2021

    The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.

    Securities / Derivatives

    Hong Kong: Deutsche Bank IPO Sponsor Licence to Lapse

    By Editors | 02/07/2021

    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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