HONG KONG

SFC Reveals Direct Pathway for HK Brokers to Deal with US Customers

By Editors | 17/08/2015

Hong Kong’s Securities and Futures Commission has issued a circular describing the application procedure for certain licensed corporations to deal directly with customers in the United States.

HKMA Cautions Banks on Malpractice by Intermediaries and Sales Agents

By Editors | 10/08/2015

The Hong Kong Monetary Authority has issued a circular to banks requiring them to enhance customer protection and mitigate reputational risk arising from possible malpractices of intermediaries or sales agents.

SFC Fines BNP Paribas HK$15m for Dark Pool Failures

By Editors | 04/08/2015

SFC fines BNP Paribas HK$15m for failing to properly prioritise client orders in matching and obtain their consent in relation to its dark liquidity pool trading services.

HKMA Fines State Bank of India for Breach of AML/CTF Rules

By Editors | 03/08/2015

SBI’s Hong Kong branch fined HK$7.5 million for breaching anti money-laundering and counter terrorism financing rules.

Nomura Hong Kong Fined for Disclosure Failings

By Editors | 31/07/2015

SFC fines Nomura Hong Kong HK$4.5 million for failing to promptly report trading misconduct by one of its traders.

SFC Consults on Proposes Changes to Financial Resources Rules

By Editors | 21/07/2015

The Securities and Futures Commission has released a consultation paper on proposed changes to the Securities and Futures (Financial Resources) Rules relating to capital and other prudential requirements for licensed corporations engaged in over-the-counter derivatives activity.

Hong Kong OTC Derivatives Reporting Regime to Take Effect July 10

By Editors | 29/06/2015

The HKMA advises all licensed banks to follow its guidance to ensure a smooth transition in the upcoming migration to the new OTC derivatives reporting regime.

SFC Opposes HKEx on Weighted Voting Rights for Hong Kong Stocks

By Editors | 26/06/2015

The Securities and Futures Commission has issued a statement announcing it does not support allowing weighted voting rights structures in companies listed in Hong Kong.

Operating Hours of Yuan Liquidity Facility Extended by HKMA

By Editors | 24/06/2015

The Hong Kong Monetary Authority announced that it will extend the operating hours of the intraday repo under the Renminbi Liquidity Facility from July 20.