Securities and Futures Commission

    Securities / Derivatives

    Alder to Leave SFC to Take Up Role as FCA Chair

    By Editors | 08/07/2022

    Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.

    Securities / Derivatives

    FIA Highlights Challenges of HKEX Position Limits Proposals

    By Sanday Chongo Kabange | 07/07/2022

    The introduction of two more tiers in the position limit regime for single stock options and futures would bring additional operational challenges for exchange participants.

    Enforcement

    Hong Kong Police Arrest Eight in Joint Operation With SFC

    By Editors | 06/07/2022

    The joint operation involved a loan granted by a listed company to a related party and payments purportedly made to suppliers that instead went to related parties.

    Market Infrastructure

    Hong Kong, China to Launch ‘Swap Connect’ in Six Months

    By Sanday Chongo Kabange | 05/07/2022

    Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.

    ESG / Sustainability

    SFC Reviewing Market Practices to Guard Against Risk

    By Manesh Samtani | 30/06/2022

    Reviews underway cover concentration risk in OTC derivatives markets, risk management at futures brokers, and block trading practices.

    Securities / Derivatives

    ETFs to Be Included in Stock Connect Starting 4 July

    By Editors | 29/06/2022

    The relevant rules and operational and regulatory arrangements have been finalised and technical systems have been put in place.

    Enforcement

    SFC Fines CES Capital for Fund Management Failures

    By Editors | 28/06/2022

    CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.

    Securities / Derivatives

    HKMA, SFC to Proceed With Changes to FSP List

    By Editors | 27/06/2022

    One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.

    AML / KYC

    Hong Kong VASP Regime to Take Effect on 1 March 2023

    By Natalie Curtis | 26/06/2022

    The government acknowledges that the VASP regime will be more rigorous and comprehensive than those in Singapore, UK and Japan.

    Fintech / Regtech

    HKMA to Prepare Roadmap for Promoting Key Fintech Areas

    By Manesh Samtani | 23/06/2022

    HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.

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