Securities and Futures Commission

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.

Securities / Derivatives

Hong Kong, Thailand Agree Mutual Recognition of Funds

By Editors | 20/01/2021

Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.

ESG / Sustainability

Hong Kong Influence in Global Climate Finance of ‘Critical Importance’

By Manesh Samtani | 19/01/2021

At the Asian Financial Forum, SFC chief Ashley Alder discussed the steps Hong Kong has taken to support a greener and more sustainable future.

Enforcement

SFC Bans CCB Asia Branch Manager for Life

By Editors | 05/01/2021

The former manager used a cashier’s order application form pre-signed by a customer to misappropriate HK$3.6mn in April 2019.

AML / KYC

Hong Kong Launches New Digital Identity Platform ‘iAM Smart’

By Manesh Samtani | 02/01/2021

The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.

AML / KYC

SFC, HKMA Offer Clarity on Product Disclosure, Suitability Obligations

By Manesh Samtani | 29/12/2020

The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.