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Enforcement
SFC Bans Former Mason Securities Representative for 12 Months
By Editors | 07/07/2021
The licensed representative falsely declared that he provided risk disclosure statements to six clients when they opened accounts.
AML / KYC
SFC Fines Yardley Securities CEO for AML/CFT Breaches
By Editors | 05/07/2021
The processing and approval of suspicious third party fund transfers were attributable to the CEO’s failures to discharge his duties, the SFC said.
Crypto / Digital Assets
SFC Sets Out Key Priorities in Annual Report
By Manesh Samtani | 03/07/2021
The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
Securities / Derivatives
Hong Kong: Deutsche Bank IPO Sponsor Licence to Lapse
By Editors | 02/07/2021
Deutsche was meant to replace two departing senior employees and obtain SFC approval for their replacements but a “timing mismatch” occurred.
ESG / Sustainability
SFC Refreshes Disclosure Guidance for ESG Funds
By Ranamita Chakraborty | 30/06/2021
From January, ESG funds will have to disclose how they attain their ESG focus, referencing the ESG criteria, measurement methodologies, and benchmarks used.
ESG / Sustainability
IOSCO Set to Issue Regulatory Guidance on ESG Ratings
By Ranamita Chakraborty | 29/06/2021
A report due to by published be mid-July will offer guidance to ESG service providers and ratings agencies and recommendations for regulators.
Enforcement
SFC Probes CLSA Over CEFC Energy Bond Deal
By Sanday Chongo Kabange | 25/06/2021
A former CLSA managing director has accused CLSA of “blatant” misbehaviour as bond underwriter for the now-defunct CEFC Energy.
HKMA, SFC Finalise Latest Changes to FSP List
By Editors | 25/06/2021
A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.
Enforcement
SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements
By Editors | 25/06/2021
A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.
Market Infrastructure
HKMA Notifies Banks of Enhanced Competency Framework
By Editors | 22/06/2021
Banks are asked to review and assess the impact of the SFC’s revised framework and take action to ensure compliance.
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