Securities and Futures Commission

    Securities / Derivatives

    HKEX to Introduce Master SPSA Service for Fund Managers

    By Editors | 18/03/2020

    The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.

    Securities / Derivatives

    Hong Kong to Allow 60 Days Grace for Publishing Annual Reports

    By Editors | 16/03/2020

    Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.

    Enforcement

    SFC Considers Easing Data Storage Rules – Report

    By Editors | 11/03/2020

    Industry bodies are reportedly working with the SFC to clarify the rules and make compliance easier, though it is unclear what specific steps it will take to ease the requirements.

    Securities / Derivatives

    SFC Highlights Key Regulatory Initiatives in Quarterly Report

    By Editors | 25/02/2020

    Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

    Enforcement

    HK Court Upholds SFC Power to Access Digital Devices in Investigations

    By Editors | 19/02/2020

    The SFC is empowered to access to email accounts and personal digital devices which may contain information relevant to its investigations, the court said.

    Enforcement

    HK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws

    By Editors | 17/02/2020

    Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan’s regulator.

    Securities / Derivatives

    HK Accountants Body Calls for Blanket Extension to Results Deadline

    By Editors | 12/02/2020

    The SFC-HKEX decision to allow the publication of unaudited results on a case-by-case basis has “not yet fully addressed the concerns of the accounting industry”.

    AML / KYC

    SFC Fines BMI Securities, Suspends RO for AML Breaches

    By Editors | 11/02/2020

    The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.

    Enforcement

    SFC Bulletin Shows Sponsor Conduct Still Top-of-mind

    By Editors | 07/02/2020

    The Regulatory Bulletin offers case studies illustrating the SFC’s key areas of concern and recent regulatory interventions in IPO applications and corporate transactions.

    Enforcement

    SFC Imposes One-Year Ban on RHB Securities Analyst

    By Editors | 06/02/2020

    The analyst traded stocks covered in research reports he prepared through his father’s securities trading account held at another brokerage.

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