Securities and Futures Commission

Securities / Derivatives

HKEX Issues Guidance for Overseas Companies Seeking HK Listings

By Editors | 29/10/2019

The guidance materials have been enhanced to improve access to the Hong Kong market and to facilitate the application process.

Market Infrastructure

Regulatory Data: Arrows for the Quiver?

By Hannah Cassidy | 25/10/2019

Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.

Enforcement

IPO Sponsors, Underwriters Are ‘Guardians of Market Quality’: SFC

By Manesh Samtani | 22/10/2019

The SFC expects sponsors to conduct sufficient due diligence to properly understand and assess the companies seeking to be listed, and to ensure red flags are properly followed up.

AML / KYC

Stock Connect to Launch Southbound Investor ID Regime “Soon”

By Editors | 12/10/2019

The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.

Securities / Derivatives

UPDATED – SFC to Raise Investor Compensation Limit

By Editors | 09/10/2019

Respondents to an April 2018 consultation strongly supported an increase in the compensation limit, among other proposals, which the SFC expects to implement in early 2020.

Crypto / Digital Assets

SFC Details Rules for Virtual Asset Fund Managers

By Manesh Samtani | 07/10/2019

The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.

Enforcement

SFC Fines SEAVI Advent Ocean Private Equity HK$1mn

By Editors | 07/10/2019

The SFC has reprimanded and fined SEAVI Advent Ocean Private Equity for allowing unlicensed individuals to perform regulated functions, in breach of the Code of Conduct.

Securities / Derivatives

IOSCO Publishes Updates on MMF, Securitisation Regulation

By Editors | 03/10/2019

The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.

Capital / Liquidity

SFC Offers Additional Guidance on New Margin Financing Rules

By Editors | 02/10/2019

New FAQs make clear that deviations from the new rules after 4 October will not automatically be seen as noncompliance or result in disciplinary action.