Securities and Futures Commission

AML / KYC

HK SFC Sees Criminal Charges Surge

By Editors | 07/12/2017

Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.

Capital / Liquidity

ESMA to Bring 3rd-country CRAs, Trade Repositories Under EU Supervision

By Samuel Riding | 04/12/2017

ESMA executive director Verena Ross says more than 200 non-EU trading venues have asked for exemptions from MiFID II post-trade transparency, position limits.

AML / KYC

HK SFC, CSRC Agree Investor ID System for Northbound Stock Connect

By Editors | 04/12/2017

SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.

Securities / Derivatives

Stock Exchange Reality: Profit Versus Regulations

By Peter Guy | 27/11/2017

HKEX and SFC recently decided to admit dual class share listings, but reject a start-up board. Their decisions will change key regulatory principles.

Enforcement

HK Regulators Warn on Conflicts of Interest in Product Sales

By Editors | 27/11/2017

HKMA, SFC say some intermediaries aren’t revealing related counterparties, not executing at best price, hide cheaper products.

Enforcement

HSBC Private Bank Fined $50mn for Crisis-era Product Mis-selling

By Editors | 23/11/2017

Securities and Futures Appeals Tribunal says future fines will be similarly large and exceed ‘mere cost of doing business’.

AML / KYC

Hong Kong to Continue to Allow Mutual Fund Sales Commissions

By Editors | 20/11/2017

Securities and Futures Commission says Hong Kong is not ready to ban commissions and introduce a pay for advice model.

HK Court Confirms SFC Authority in Insider Trading Conducted Overseas

By Samuel Riding | 13/11/2017

Court also rules a person’s lack of awareness they are trading on inside information doesn’t mean they don’t have to pay back illicit gains.

Capital / Liquidity

HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives

By Editors | 01/11/2017

Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.