SECURITIES AND FUTURES COMMISSION

Securities / Derivatives

Hong Kong Regulator to Relax Fund Rules on Making Offers and Prices Public

By Editors | 24/06/2014

The Securities and Futures Commission is seeking industry opinion on proposals to amend the code on unit trusts and mutual funds.

Securities / Derivatives

Hong Kong Regulator to Amend Disclosure Norms for HK-Shanghai Stock Scheme

By Editors | 19/06/2014

The Securities and Futures Commission plans to revise guidelines that will exempt companies from certain disclosure obligations.

Hong Kong Aims to Develop Islamic Finance Market, Says Regulator

By Editors | 19/06/2014

Hong Kong is keen to further develop its Islamic finance market, a Securities and Futures Commission official said, adding that the city aims to work closely with Malaysia in enhancing its platform for Islamic finance.

Hong Kong Regulator Launches Online Platform for Merger and Takeover Disclosures

By Editors | 03/06/2014

The Securities and Futures Commission has launched a new online platform to streamline the submission process for disclosures of dealings under takeovers and mergers code.

Financial Regulators’ Expenditures Rise as Market Surveillance Deepens

By Editors | 27/05/2014

Financial services regulators in major markets including Hong Kong have increased their expenditure over the last seven years by nearly 60% amid growing pressure on regulatory agencies to deepen scrutiny of the financial services industry following the 2008 crisis.

Hong Kong Court Orders EY to Submit Accounting Records to SFC

By Editors | 26/05/2014

A Hong Kong court has ordered accounting firm Ernst & Young (EY) to produce accounting records relating to its work for Standard Water Ltd, rejecting the firm’s argument that the mainland’s state secrets law prevents it from handing over information to the city’s securities regulator.

HK Regulator Reprimands, Fines Deutsche Bank for Regulatory Breaches

By Editors | 23/05/2014

The Securities and Futures Commission (SFC) has reprimanded and fined Deutsche Bank HK$1.6 million for regulatory breaches and internal control failings.

Hong Kong Regulator Reprimands Citigroup on Algorithm Error

By Editors | 15/05/2014

The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for failing to ensure its algorithmic trading systems functioned property for certain securities orders between April 2009 and May 2010.

Hong Kong Regulator Outlines Crowd-funding Risks, Regulatory Issues

By Editors | 08/05/2014

Crowd-funding that allows people to raise money for loans, causes, or projects through the web pose potential regulatory compliance issues and other investment risks.