Securities and Futures Commission

    Enforcement

    HK Court Convicts Former Convoy Executives for Fraud

    By Editors | 21/09/2021

    Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

    AML / KYC

    SFC Finalises AML Guidelines for Securities Sector

    By Manesh Samtani | 15/09/2021

    The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.

    Securities / Derivatives

    Hong Kong SPAC Framework to Prohibit Retail Access – Report

    By Editors | 12/09/2021

    Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.

    ESG / Sustainability

    Hong Kong Explores Role in Unified GBA Carbon Market

    By Sanday Chongo Kabange | 08/09/2021

    Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.

    Securities / Derivatives

    Deutsche Bank Reinstated as IPO Sponsor in Hong Kong

    By Editors | 03/09/2021

    The SFC has approved three new Deutsche Bank hires who can act as IPO sponsor principals, after its licence was suspended in July due to a staffing gap.

    Securities / Derivatives

    HKMA, SFC to Develop Concentration Risk Alerting System – Report

    By Editors | 01/09/2021

    The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.

    AML / KYC

    SFC Suspends Former Emperor Representative for 2 Years

    By Manesh Samtani | 01/09/2021

    The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.

    Enforcement

    HK Police Arrest Two in Corporate Fraud Case

    By Editors | 30/08/2021

    The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.

    ESG / Sustainability

    SFC Finalises Climate Risk Requirements for Fund Managers

    By Manesh Samtani | 22/08/2021

    Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

    Market Infrastructure

    HKEX Set to Launch A-share Index Futures in October

    By Editors | 20/08/2021

    The SFC approved HKEX’s launch of the new futures contract on Friday, calling it a major milestone for Hong Kong’s capital markets.

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