Securities and Futures Commission

    ESG / Sustainability

    HK Steering Group Announces Next Steps in Green Transition

    By Editors | 18/12/2021

    HKMA to develop new ECF module on Green and Sustainable Finance. Steering Group to explore local taxonomy and voluntary carbon market.

    AML / KYC

    SFC Fines Mason Securities for AML Breaches

    By Editors | 17/12/2021

    In deciding the disciplinary sanction, the SFC took into account the “extensive period of time” over which the failures occurred.

    Market Infrastructure

    HKMA, SFC Consult on Calculation Periods for OTC Derivatives Clearing

    By Editors | 16/12/2021

    The existing list of calculation periods will be exhausted in about one year’s time. The HKMA and SFC propose to add eight similar calculation periods to the clearing rules.

    AML / KYC

    Hong Kong, Singapore Authorities Arrest 10 in Joint Operation

    By Manesh Samtani | 16/12/2021

    Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.

    ESG / Sustainability

    HK to Enhance Mainland Connection via Stock Connect, Carbon Market

    By Sanday Chongo Kabange | 15/12/2021

    The SFC is seeking to align Hong Kong’s trading days with the mainland, add more securities to Stock Connect, and establish a cross-border carbon market.

    Securities / Derivatives

    SFC Set to Launch Digital Licensing Platform on WINGS

    By Editors | 15/12/2021

    New electronic licensing forms for licence applications, annual returns, notifications and regulatory filings are to be submitted through WINGS from 3 January.

    Securities / Derivatives

    SFC Sets Out Rules for Quarantine-free Travel to Mainland

    By Manesh Samtani | 14/12/2021

    Staff or directors of licensed corporations whose main purpose of travel is for the management of the firm’s Mainland business are eligible.

    Securities / Derivatives

    China to Restrict Use of VIE Structures for Foreign IPOs

    By Manesh Samtani | 10/12/2021

    The blacklist is expected to target new companies in sensitive sectors that use VIE structures to run their China businesses.

    Crypto / Digital Assets

    Mapping Out How Decentralised Exchanges Can be Regulated

    By Kristi Swartz | 07/12/2021

    An appropriate regulatory regime that safeguards investors and fosters innovation will allow society to benefit from DEXs and DeFi generally, says DLA Piper’s Kristi Swartz.

    Enforcement

    Hong Kong SFC Imposes Lifetime Ban on Former Licensee

    By Editors | 06/12/2021

    The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.

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