Securities and Futures Commission

    Enforcement

    FSC Korea Fines Ten Foreign Firms for Short Selling Violations

    By Editors | 28/02/2021

    The FSC did not name the firms that were penalised, but said the highest fine was KRW 180 million against a firm that committed four violations.

    Enforcement

    SFC, FRC to Enhance Regulatory Cooperation in Capital Markets

    By Editors | 25/02/2021

    Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.

    Enforcement

    SFC Fines Asset Manager for Short Position Reporting Errors

    By Editors | 23/02/2021

    The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.

    Securities / Derivatives

    HK, Singapore on Alert for Social Media Fuelled Manipulation

    By Manesh Samtani | 19/02/2021

    The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

    Enforcement

    SFC Freezes Brokerage Accounts Linked to Social Media Scam

    By Editors | 11/02/2021

    One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

    Securities / Derivatives

    HKEX Appoints JP Morgan’s Nicolas Aguzin as New CEO

    By Manesh Samtani | 09/02/2021

    Aguzin is expected to help HKEX continue to build its competitiveness and support the ongoing growth and development of Hong Kong’s financial markets.

    Securities / Derivatives

    SFC Sets Out Conduct Standards Expected in Capital Raisings

    By Editors | 08/02/2021

    The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.

    AML / KYC

    Greater Bay Regulators Sign MoU on Wealth Management Connect

    By Manesh Samtani | 07/02/2021

    The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

    Securities / Derivatives

    Asian Regulators Issue Warnings as GameStop Remains in Focus

    By Manesh Samtani | 04/02/2021

    Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

    HK Regulators Ask Bankers to Explain Reasons for Departing City

    By Editors | 27/01/2021

    Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.

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