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Crypto / Digital Assets
Singapore and Hong Kong Regulators Address FTX Queries
By Editors | 15/11/2022
MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.
Enforcement
SFC, ICAC Arrest Eight Over Ramp-and-Dump Schemes
By Editors | 11/11/2022
Combating social media ramp-and-dump schemes remains one of the top enforcement priorities of the SFC, says executive director of enforcement, Christopher Wilson.
Crypto / Digital Assets
HashKey Obtains New Approvals in Hong Kong, Singapore
By Editors | 10/11/2022
HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.
Enforcement
SFC Fines Asset Manager Over Discretionary Trading Controls
By Editors | 09/11/2022
Internal control failures were identified after a client complained that discretionary options trades fell outside the scope of the mandate.
Crypto / Digital Assets
SFC Considers Allowing Retail Access to Crypto, Starting with ETFs
By Manesh Samtani | 01/11/2022
ETFs with crypto exposure through CME-listed BTC and ETH futures can be distributed to Hong Kong retail clients. The “professional investor only” requirement is under review.
ESG / Sustainability
SFDR Level 2 – Implications for SFC Authorised UCITS Funds
By Alwyn Li | 31/10/2022
Alwyn Li and Vincci Ip discuss pre-contractual disclosure requirements for SFDR Article 8 and Article 9 funds and the relevant regulatory requirements in Hong Kong.
Fintech / Regtech
Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets
By Manesh Samtani | 31/10/2022
The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.
Enforcement
SFC Disciplines Takeovers Code Breach with ‘Public Criticism’
By Editors | 30/10/2022
Gold Dragon Worldwide Asset Management failed to disclose trades in a stock during an offer period despite it controlling more than 5 percent of the stock.
Securities / Derivatives
HKMA Issues New Guidance on Investment Product Sales
By Editors | 24/10/2022
The new guidance covers investment product suitability, concentration risk assessments, and the sale of loss-absorption products.
AML / KYC
Hong Kong Seeks Status as Global Hub for Virtual Assets
By Manesh Samtani | 17/10/2022
A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.
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