ADVERTISEMENT
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.
AML / KYC
SFC to Require OFCs to Appoint Responsible Person for AML
By Editors | 23/12/2020
The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.
Enforcement
SFC Fines Fulbright Securities Over Short Selling Controls
By Editors | 23/12/2020
Fulbright Securities failed to detect and prevent illegal short selling failures in at least 93 instances over a period of at least six months.
SFC Unveils New Electronic Licensing Functions On WINGS
By Editors | 21/12/2020
The new online licensing platform marks an important milestone in the modernisation of the SFC’s gatekeeping function, said chief executive Ashley Alder.
AML / KYC
Intermediaries Should Lay Down Anti-bribery Policies: SFC
By Editors | 21/12/2020
Intermediaries should draw reference from the sample code of conduct issued by the ICAC and provide appropriate training to directors, staff members and agents.
Securities / Derivatives
SFC Consults on Amendments to Code on Pooled Retirement Funds
By Editors | 20/12/2020
Given the wide participation in Hong Kong by employers and employees in ORSO schemes which invest in PRFs, appropriate investor protection should apply.
ESG / Sustainability
Hong Kong Launches Strategic Plan for Greener Financial Ecosystem
By Manesh Samtani | 17/12/2020
A cross-agency steering group has announced a green and sustainable finance strategy for Hong Kong and five key action points.
Crypto / Digital Assets
SFC Issues First Licence to Digital Asset Trading Platform
By Editors | 16/12/2020
The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.