Securities and Futures Commission

    Enforcement

    Former HKEX Exec Pleads Not Guilty to Corruption Charges

    By Editors | 11/08/2021

    The former co-head of HKEX’s IPO-vetting team, Eugene Yeoh, was arrested in June 2019 for alleged bribery and misconduct in public office.

    Securities / Derivatives

    Deutsche Bank Set to Regain Ability to Sponsor HK IPOs

    By Ranamita Chakraborty | 05/08/2021

    Deutsche Bank has reportedly secured two senior hires who will be able to act as IPO principals, subject to regulatory approval.

    Enforcement

    Hong Kong SFC Fines UBS Over Regulatory Breaches

    By Editors | 03/08/2021

    The breaches involve research report disclosures, telephone recordings, client derivatives knowledge assessments, and structured product sales.

    AML / KYC

    SFC Calls on Industry to Report Suspected Ramp-and-dump Activity

    By Manesh Samtani | 26/07/2021

    Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.

    AML / KYC

    SFC Sanctions Sino-Rich Responsible Officers Over AML Breaches

    By Editors | 20/07/2021

    Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.

    AML / KYC

    SFC Issues Warning on Unregulated Virtual Asset Platforms

    By Editors | 18/07/2021

    Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

    ESG / Sustainability

    Hong Kong Launches Centre for Green and Sustainable Finance

    By Manesh Samtani | 15/07/2021

    The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.

    Fintech / Regtech

    SFC, Canadian Regulators Establish Fintech Cooperation Agreement

    By Editors | 12/07/2021

    Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.

    ESG / Sustainability

    Taiwan FSC Tightens Rules for ESG-themed Funds

    By Sanday Chongo Kabange | 08/07/2021

    Asset managers are required to set one sustainability goal and explain how their investments help achieve that goal.

    Enforcement

    ICAC, SFC Arrest Listed Company Exec in Joint Operation

    By Sanday Chongo Kabange | 08/07/2021

    The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.

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