HONG KONG

Securities / Derivatives

Hong Kong SFC Cites Algo Trading Risk Mitigation Weaknesses

By Samuel Riding | 13/12/2016

Findings include insufficient management and control personnel involvement in governance.

20 ‘HK DBS Staff’ Arrested in Data Leak Investigation

By Samuel Riding | 12/12/2016

Staff alleged to have bribed managers to obtain customer data and sell high-interest loans.

AML / KYC

HK SFC Fined Firms $3.33mn in 1H16

By Samuel Riding | 09/12/2016

Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.

Market Infrastructure

HK, UK Sign Fintech Agreement

By Samuel Riding | 07/12/2016

Regulators will collaborate on ‘experience sharing’, information exchange.

Market Infrastructure

HK, Switzerland Agree Mutual Recognition of Funds

By Samuel Riding | 04/12/2016

Agreement to allow cross-border sales includes rules on equal treatment of investors.

Market Infrastructure

SFC Mandates Online Submission of Licensee Documentation

By Samuel Riding | 30/11/2016

Paper filing by individual applicants and licensees will not be allowed from 1 February 2017.

HK to Introduce Key Manager Regime

By Samuel Riding | 30/11/2016

Registration set to include ‘hundreds of executives in support functions’.

Securities / Derivatives

HK Regulators to Brief on OTC Derivatives Reporting

By Samuel Riding | 29/11/2016

Sessions aim to brief firms on their obligations before 1 July 2017 implementation.

HK Regulator to Tighten Asset Manager Rules

By Samuel Riding | 24/11/2016

Proposals aim to align HK with international standards; protect investors and market integrity.