Securities and Futures Commission

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    Enforcement

    HK Police Arrest Man for Illegal Short Selling, Fraud

    By Editors | 04/06/2023

    The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

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    Enforcement

    HK SFC Disqualifies Former Luxey International Directors

    By Ranamita Chakraborty | 25/05/2023

    A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.

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    AML / KYC

    Hong Kong SFC Issues Updated AML/CFT Guidelines

    By Editors | 25/05/2023

    The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.

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    AML / KYC

    SFC Finalises Licensing Regime for Crypto Trading Platforms

    By Sanday Chongo Kabange | 24/05/2023

    The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

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    Securities / Derivatives

    SFC Consults on Revisions to Takeovers and Share Buy-back Rules

    By Editors | 21/05/2023

    This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

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    Enforcement

    SFC Fines Brokerage for Negligence During Share Placement

    By Editors | 19/05/2023

    China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.

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    Securities / Derivatives

    SFC Chief Outlines Measures to Develop REITs Market

    By Manesh Samtani | 17/05/2023

    REITs could be allowed under Stock Connect, structured in a corporate (rather than trust) form, and add a renminbi counter for trading.

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    Securities / Derivatives

    ICE Invites HK Firms to Trade Futures in Singapore

    By Editors | 14/05/2023

    ICE Clear Singapore received authorisation from the SFC allowing it to clear ICE Futures Singapore trades for Hong Kong-based clearing members.

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    Enforcement

    HK Court Orders Confiscation of HK$63m from Bribery Case

    By Mark Johnston | 12/05/2023

    The investor bribed a former Deutsche Bank director to obtain insider information to help him trade derivative warrants.

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    Market Infrastructure

    HKEX May Allow Market to Remain Open During Typhoons

    By Editors | 12/05/2023

    A working group from HKEX and the HKMA is reportedly drafting a plan to allow trading to continue as normal during typhoons and rainstorms.

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