SECURITIES AND FUTURES COMMISSION

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    Capital / Liquidity

    SFC Sets Liquidity Risk Management Expectations for MMFs

    By Manesh Samtani | 18/12/2024

    MMF managers should use LMTs to ensure fair treatment of both redeeming and remaining investors when meeting redemption requests.

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    Enforcement

    ICAC Charges Former SFC Manager for Sharing Confidential Information

    By Sanday Chongo Kabange | 02/12/2024

    The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

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    Enforcement

    Hong Kong Tribunal Penalises Former China Forestry Execs

    By Nithya Subramanian | 01/12/2024

    Five-year disqualification and cold shoulder orders were issued against two former executives. One was ordered one to disgorge HK$353mn.

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    ESG / Sustainability

    SFC Sets Expectations on Due Diligence on ESG Service Providers

    By Manesh Samtani | 26/11/2024

    Asset managers should “reasonably understand the ESG products provided by the third-party ESG service providers”.

    Securities / Derivatives

    Hong Kong Connectivity With Mainland Set to Increase

    By Manesh Samtani | 25/11/2024

    China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.

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    Crypto / Digital Assets

    ZA Bank Launches Crypto Trading Services for Retail Clients

    By Sanday Chongo Kabange | 25/11/2024

    Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

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    Enforcement

    SFC Suspends Former Yuanta Securities Licensee for 26 Months

    By Mark Johnston | 22/11/2024

    The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.

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    Enforcement

    Korea FSS to End Short-Selling Investigation by Year-End

    By Nithya Subramanian | 20/11/2024

    FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.

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    Enforcement

    SFC Commences Additional MMT Proceedings in Ding Yi Feng Case

    By Sanday Chongo Kabange | 15/11/2024

    Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.

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    Fintech / Regtech

    HK SFC Sets Expectations on Use of GenAI Language Models

    By Manesh Samtani | 14/11/2024

    Licensed corporations intending to adopt GenAI language models in “high-risk use cases” are asked to discuss their plans with the SFC first.

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