ADVERTISEMENT
Enforcement
SFC Wins Final Appeal in 2007 Insider Dealing Case
By Manesh Samtani | 07/04/2021
The Market Misconduct Tribunal and Court of Appeal both ruled against the SFC before the case was brought to the Court of Final Appeal.
Enforcement
SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List
By Editors | 07/04/2021
An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.
Enforcement
SFC Fines Black Marble Securities for Internal Control Failings
By Editors | 01/04/2021
The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.
Securities / Derivatives
HK to Consult on SPAC Listing Framework in June – Report
By Editors | 29/03/2021
The rules are expected to include conditions for sponsors or SPACs. Acquisition targets will have to meet the existing standards for IPOs.
Securities / Derivatives
US Securities Regulator Opens Inquiry into SPAC Listings
By Sanday Chongo Kabange | 29/03/2021
The SEC has reportedly written to banks seeking information on how underwriters are managing the risks involved.
Securities / Derivatives
HK OTC Derivatives Licensing Regime Closer to Implementation
By Scott Carnachan | 25/03/2021
Amendments to Hong Kong’s OTC derivatives licensing regime have been introduced in LegCo. Scott Carnachan at Deacons discusses the changes.
Enforcement
SFC Fines GEO Securities for Breaching Licence Conditions
By Editors | 25/03/2021
The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.
AML / KYC
SFC Fines Yardley Securities for AML/CFT Breaches
By Editors | 17/03/2021
Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.
AML / KYC
SFC Fines Sino-Rich Securities & Futures for AML Breaches
By Editors | 15/03/2021
Sino-Rich Securities & Futures routinely processed 238 cash deposits and 269 third party transfers without adequate AML/CTF controls in place.
Securities / Derivatives
HKEX Launches New China, Taiwan Index Options Contracts
By Editors | 14/03/2021
The new options contracts aim to meet the trading and hedging needs of investors with exposures to large and mid-cap companies in China and Taiwan.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team