SECURITIES AND FUTURES COMMISSION

Crypto / Digital Assets

Regulatory Certainty Needed to Fully Benefit from Tokenisation: SFC

By Nithya Subramanian | 01/04/2024

The SFC’s Elizabeth Wong says intermediaries planning to offer tokenised products must demonstrate that they have done their due diligence and can manage the associated risks.

Securities / Derivatives

SFC Proposes to Allow REITs to Privatise and Merge More Easily

By Editors | 31/03/2024

Various market conduct regimes designed for listed companies would also be extended to listed CIS including REITs.

Crypto / Digital Assets

VSFG & Value Partners Apply to Launch Spot Bitcoin ETF

By Editors | 29/03/2024

VSFG is said to be “actively engaged” in discussions with the SFC on plans to potentially launch the new spot bitcoin ETF in May.

Enforcement

SFC Refers Ding Yi Feng Case to Misconduct Tribunal

By Sanday Chongo Kabange | 29/03/2024

The new proceedings are in addition to separate court action that seeks to restore counterparties affected by alleged manipulation of Ding Yi Feng shares.

Securities / Derivatives

HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1

By Editors | 28/03/2024

Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.

Crypto / Digital Assets

HSBC Launches Tokenised Gold Product in Hong Kong

By Editors | 28/03/2024

The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.

ESG / Sustainability

Hong Kong Reinforces Commitment to ISSB-aligned Sustainability Disclosures

By Editors | 26/03/2024

The HKICPA will lead the work to develop local sustainability reporting standards along with complementary application and implementation guidance.

Securities / Derivatives

HKMA, SFC Planning Sept 2025 Rollout of New Derivatives Reporting Regime

By Manesh Samtani | 25/03/2024

HKMA and SFC propose to adopt a ‘big bang’ approach to implementation, rolling out the UTI, UPI, CDE and ISO 20022 requirements on 29 September 2025.

Enforcement

HK Court Jails Retail Trader for Fraud Involving Naked Short Selling

By Sanday Chongo Kabange | 21/03/2024

In the first case of securities fraud involving illegal short selling in Hong Kong, a retail trader was sentenced to 18 months imprisonment.