SECURITIES AND FUTURES COMMISSION

AML / KYC

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

Securities / Derivatives

Hong Kong to Start Implementing Paperless Securities Market in 2026

By Editors | 21/04/2025

Legislative processes for the implementation of the USM initiative have been completed. All issuers will transition to paperless securities by 2031.

Securities / Derivatives

HK Prepares for Homecoming of US-Listed Chinese Firms

By Manesh Samtani | 17/04/2025

Hong Kong official Paul Chan has asked the SFC and HKEX to prepare for Chinese companies in the US that may wish to return.

Korea FSC to Ease Burden of Auditor Designation Rule

By Thisanka Siripala | 16/04/2025

The draft amendments will allow companies with strong governance to postpone regulatory-mandated auditor designations.

Crypto / Digital Assets

SFC Grants First Approvals Allowing Crypto Staking Services

By Sanday Chongo Kabange | 14/04/2025

HashKey and OSL can expand their product and service offerings to provide staking as a service to clients, including retail clients.

Crypto / Digital Assets

HKMA Issues Guidance on Crypto Staking Services for Banks

By Sanday Chongo Kabange | 09/04/2025

Banks must implement adequate policies and controls before engaging in crypto staking services, HKMA said.

Enforcement

Korea FSS Investigates MBK Investment Advisory Firm

By Thisanka Siripala | 09/04/2025

The investigation follows allegations of misuse of non-public information linked to a public acquisition in 2023.

Crypto / Digital Assets

SFC Permits VATPs to Offer Crypto Staking Services to Clients

By Manesh Samtani | 07/04/2025

VATPs can provide staking as a service to clients, including retail clients. SFC-authorised virtual asset funds can also stake virtual asset holdings.

Securities / Derivatives

Korean Regulators to Intensify Scrutiny of IPO Applicants

By Nithya Subramanian | 04/04/2025

The enhanced scrutiny is a response to cases where stock prices plummeted shortly after listing and concerns about the financial health of newly listed firms.