SECURITIES AND FUTURES COMMISSION

Enforcement

Hong Kong’s IA Appoints Managers to Take Control of Tahoe Life

By Nithya Subramanian | 29/07/2024

This is the first time the IA has taken control of a distressed insurer, which failed to resolve “issues arising from investments linked with related party transactions”.

Hong Kong Reappoints HKMA Chief for Second Term

By Nithya Subramanian | 29/07/2024

During his second term, Eddie Yue said the HKMA will deepen connectivity with the Mainland and promote fintech and sustainable finance.

Crypto / Digital Assets

Crypto Firm Gate.io Leaves Japanese Market to Comply With Law

By Thisanka Siripala | 24/07/2024

Gate.io said it has stopped opening new accounts for Japanese residents and will remove Japanese language support.

Enforcement

Hong Kong Court Jails Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.

Market Infrastructure

SFC to Implement New Paperless Securities Regime by End 2025

By Sanday Chongo Kabange | 17/07/2024

The SFC aims to implement the new regime towards the end of 2025, but give companies until end-2030 to transition.

Crypto / Digital Assets

Futu Securities Granted Approval to Offer Crypto in Hong Kong

By Editors | 11/07/2024

A licence upgrade allows Futu Securities to provide virtual asset dealing services to retail and professional investors in Hong Kong.

Securities / Derivatives

China to Allow CGBs as Collateral for Swap Connect

By Manesh Samtani | 09/07/2024

OTC Clear plans to start accepting China Government Bonds and Policy Financial Bonds as collateral for Swap Connect by year end.

Fintech / Regtech

SFC to Introduce New Investment Product Authorisation Platform

By Sanday Chongo Kabange | 09/07/2024

The new e-IP system will allow users to digitally submit new product applications and post-authorisation or registration submissions.

Capital / Liquidity

SFC Issues Reminder on Financial Resources Adequacy Monitoring

By Sanday Chongo Kabange | 05/07/2024

The SFC issued the reminder after it found undesirable practices and internal control deficiencies leading to breaches of the liquid capital requirement.