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Enforcement
SFC Imposes 24-month Market Ban for Takeovers Code Breach
By Sanday Chongo Kabange | 20/10/2020
The mandatory general offer obligation under the Takeovers Code was triggered 20 times by AV Concept Holdings chairman and his concert parties.
Enforcement
Hong Kong: CMBC Capital, Directors Penalised for Late Disclosure
By Editors | 18/10/2020
CMBC Capital did not make information about significant improvement in the company’s financial performance public in a timely manner.
Securities / Derivatives
SFC Issues Guidance on E-dissemination of Product Documents
By Editors | 03/10/2020
Investors currently receiving paper investment product documents need to be notified at least one month before e-dissemination arrangements take effect.
Securities / Derivatives
SFC Sets Minimum Period for Client Access to Trade Documents
By Editors | 01/10/2020
Intermediaries have one year to align the minimum online retrieval period of their posted trade documents with the new requirements.
Enforcement
SFC Fines China Everbright Over Expired Standing Authority
By Editors | 29/09/2020
The standing authority used to pledge client securities to obtain credit lines from banks was not renewed due to a miscommunication between compliance teams.
Enforcement
SFC, IA Sign New MoU on Supervisory Cooperation
By Editors | 28/09/2020
The MoU covers case referrals, joint inspections and investigations, and sharing of information pertaining to products and relevant entities or key persons.
Market Infrastructure
FSDC Calls For HK-listed Derivatives Tracking A-Shares
By Manesh Samtani | 24/09/2020
Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.
Securities / Derivatives
SFC Identifies Cybersecurity Deficiencies at Internet Brokers
By Editors | 23/09/2020
The SFC found deficiencies relating to two-factor authentication, data encryption, session timeout, monitoring and surveillance, among other areas.
Securities / Derivatives
Riding the Tech Wave in a Volatile Derivatives Market
By John Omahen | 23/09/2020
A surge in trading volumes has highlighted the need for brokerage firms to re-engineer their businesses for the future, writes John Omahen at FIS.
Enforcement
SFC Suspends Former Licensed Rep for Over Discretionary Trading
By Editors | 22/09/2020
The former Ewarton Securities representative placed his own orders within 30 seconds ahead of those placed for the client’s account.
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