Securities and Futures Commission

AML / KYC

PEPs in the Limelight: Three Components to Mitigate Risk

By Editors | 19/08/2020

To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

Enforcement

SFC Bans Account Exec for 18 Months Over Discretionary Trading

By Editors | 12/08/2020

The former China Tonghai Securities account executive effected over 6,000 trades in a client’s account on a discretionary basis for almost 7 years without authorisation.

AML / KYC

US Sanctions 11 Chinese, Hong Kong Officials

By Manesh Samtani | 08/08/2020

The HKMA says unilateral sanctions imposed by foreign governments have “no legal status” in Hong Kong and banks should endeavour to treat customers fairly.

Securities / Derivatives

HKEX Launches Second Batch of MSCI Index Futures

By Editors | 04/08/2020

The next batch of contracts is due to be launched on 17 August, with the final four contracts still awaiting regulatory approval.

Market Infrastructure

Data: Fault Lines Criss-crossing Asia’s Capital Markets

By Matthew Chan | 27/07/2020

Global harmonisation and progressive thinking are needed to support data connectivity between markets, says Matthew Chan at ASIFMA.

Enforcement

Hong Kong Court Sentences Ex-HKMEx Chairman to Four Years Jail

By Editors | 27/07/2020

The 62-year-old Barry Cheung was found guilty a week earlier of conspiracy to defraud the SFC into letting HKMEx keep its licence to provide automated trading services in Hong Kong.

ESG / Sustainability

Hong Kong Exchange Proposes Introduction of Paperless IPO Regime

By Manesh Samtani | 26/07/2020

The stock exchange is seeking feedback on proposals to introduce a paperless listing documents regime, and to only allow IPO subscriptions through electronic channels.

Market Infrastructure

‘Business As Usual’ for Hong Kong Banks, says HKMA Chief

By Editors | 23/07/2020

Chief executive Eddie Yue said the HKMA does not see that the national security law would affect the normal conduct of business in Hong Kong, provided it is permissible under existing regulations.

Enforcement

Court Finds ex-HKMEx Head Guilty of Conspiracy to Defraud SFC

By Editors | 20/07/2020

The former head and CFO of now-defunct Hong Kong Mercantile Exchange conspired to hide the exchange’s true financial position and mislead the SFC into allowing it to retain its licence.