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Sanctions
New Manager Announced for Hong Kong Tracker Fund
By Manesh Samtani | 29/03/2022
Hang Seng Investment Management will become TraHK’s new manager in Q3 2022, replacing State Street, which has managed the ETF for 22 years.
Enforcement
SFC Bans BNP Representative for Unauthorised Discretionary Trading
By Editors | 29/03/2022
The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.
Fintech / Regtech
HKMA Issues Additional Guidance for SVF Licensees
By Editors | 28/03/2022
New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
Securities / Derivatives
HKEX to Provide Investor Relations Platform to Listed Companies
By Editors | 26/03/2022
The new portal will launch in Q3, offering listed issuers a way to develop and manage their investor relations activities.
AML / KYC
SFC Sets Out Expectations on Managing BEC Risk
By Manesh Samtani | 24/03/2022
Most successful business email compromise frauds occurred because LCs did not check or verify the identities of email senders or they ignored red flags.
ESG / Sustainability
HKEX, CEEX to Cooperate on GBA Carbon Market Initiatives
By Editors | 24/03/2022
HKEX and Guangzhou-based China Emissions Exchange will jointly explore the development of a voluntary carbon emission reduction programme in the GBA.
ESG / Sustainability
HKEX Lists Hong Kong’s First Carbon Futures ETF
By Editors | 23/03/2022
The ETF, managed by CICC’s Hong Kong asset management unit, tracks the performance of a long-only basket of European Union Allowance futures contracts.
Enforcement
HK Police Arrest 38 Individuals for Covid Loan Fraud
By Editors | 23/03/2022
The individuals set up 53 shell companies and submitted false documents to banks to obtain loans under the government support scheme for Covid hit businesses.
Securities / Derivatives
HKEX to Introduce New Features to Market Access Platform
By Editors | 22/03/2022
HKEX will increase the precision of time-stamping and introduce an indicator identifying aggressive vs passive orders.
Sanctions
State Street to Be Dismissed as Manager of HK Tracker Fund
By Editors | 21/03/2022
Hong Kong’s government commenced a review last year to assess State Street’s role as the manager of TraHK, the city’s largest and most-popular ETF.
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