Securities and Futures Commission

HK Regulator Revokes Asset Management Licences

By Samuel Riding | 01/11/2016

Company owner’s licence is revoked; banned for 10 years for abuse of clients’ trust.

Market Infrastructure

HK SFC Probes UBS on IPO Sponsorships

By Samuel Riding | 31/10/2016

Swiss bank could face fines or temporary suspension of advisory services.

AML / KYC

HK SFC Amends Account Opening Rules

By Samuel Riding | 25/10/2016

Regulator says Code of Conduct requirements are at par with international standards, adds some measures.

HK SFC Reprimands, Fines 2 JP Morgan Operations

By Samuel Riding | 21/10/2016

Entities breached disclosure rules, offered index options without due licence, had inadequate system controls.

Securities / Derivatives

HK’s SFC Reprimands, Fines Forex Service $500,000

By Samuel Riding | 20/10/2016

SFC concludes HK FXCM did not treat clients fairly or have proper controls, policies.

Market Infrastructure

HK Launches Brokerage Cybersecurity Review

By Samuel Riding | 14/10/2016

SFC says compromised or unauthorised transactions amounted to $12.89mn.

AML / KYC

SFC Clarifies Broker Requirements

By Samuel Riding | 03/10/2016

Clarification follows unusual step of public warning on internal AML controls.

Uncategorised

Asia Regulations Hindering ETF Adoption

By Samuel Riding | 28/09/2016

Stringent rules make ‘speed to market’ slower than in other regions despite clear market appeal.

AML / KYC

SFC Urges Brokers to Enhance AML Controls

By Samuel Riding | 22/09/2016

Licensees are vulnerable on being used to launder money and finance terrorism, regulator says.