SECURITIES AND FUTURES COMMISSION

    Enforcement

    Hong Kong Court Convicts Former Fulbright Securities AE

    By Editors | 17/10/2022

    The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.

    Hong Kong Launches Sustainable Finance Internship Initiative

    By Editors | 13/10/2022

    A centralised repository has been launched offering information about green and sustainable finance internship openings offered by FIs and other companies.

    Enforcement

    SFC Fines Asset Manager Over European Rule Breaches

    By Editors | 12/10/2022

    ARCM failed to implement adequate systems and controls to monitor its short position and ensure it was properly reported and disclosed to the public.

    Enforcement

    HK Court Orders Founder to Buy Shares from Wronged Investors

    By Editors | 07/10/2022

    The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.

    ESG / Sustainability

    ISSB Adoption in Hong Kong Will Have Global Significance: SFC

    By Manesh Samtani | 06/10/2022

    The SFC is working with HKEX to develop a regulatory framework for listed company climate-related disclosures “based on the ISSB standards”.

    Enforcement

    Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme

    By Editors | 03/10/2022

    The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.

    Enforcement

    SFC Suspends Hedge Fund Manager for Two Years

    By Editors | 29/09/2022

    The hedge fund manager used non-public information from a market sounding call to trade short swaps on a KRX-listed stock.

    AML / KYC

    SFC Shines Regulatory Spotlight on Online Platforms

    By Hannah Cassidy | 28/09/2022

    Hannah Cassidy and Natalie Curtis discuss key areas of concern for the SFC in relation to the online platforms operated by licensed firms.

    Hong Kong Scraps Hotel Quarantine Requirement

    By Editors | 26/09/2022

    The relaxation comes as Singapore overtakes Hong Kong as the world’s third most favoured financial centre in the Global Financial Centres Index.

    Market Infrastructure

    HKMA Signals Coming Enhancements to Wealth Connect Scheme

    By Editors | 22/09/2022

    Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.

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