Securities and Futures Commission

Market Infrastructure

Culture & Conduct: the Global Regulatory Agenda

By Jeffrey Kupfer | 29/04/2019

The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences.

AML / KYC

SFC Imposes 10-Month Ban on Former Guosen Exec

By Editors | 24/04/2019

The 10-month ban on Su Xiqiang, former head of Guosen’s retail brokerage, was a result of improper handling of third-party fund deposits, and a lack of AML controls.

Enforcement

SFC Fines Hedge Fund Manager for Naked Short Selling

By Editors | 19/04/2019

Nine Masts Capital sold shares in Yuzhou Properties in May 2015 before a share placement was complete, based on verbal confirmation of its allotment.

ESG / Sustainability

Hong Kong’s SFC Releases Guidance on Green Funds Disclosure

By Editors | 15/04/2019

The SFC has set out its disclosure expectations for fund managers claiming a green or ESG focus in their investment products, in a bid to facilitate informed decision making by investors.

Capital / Liquidity

SFC Finalises Guidelines on Securities Margin Lending

By Editors | 05/04/2019

The guidelines will take effect in October, requiring brokers to limit margin lending to five times their capital, among other controls to reduce excessive leverage.

ESG / Sustainability

SFC’s Alder Speaks on “Greening the Financial System’

By Editors | 27/03/2019

The financial sector will have a critical role to play in channelling investment towards sustainable projects on a global scale, said SFC chief Ashley Alder at the Bloomberg BuySide Summit.

Securities / Derivatives

SFC Orders Brokers to Freeze Client Assets in Market Manipulation Case

By Editors | 22/03/2019

The prohibition orders as part an investigation into suspicious trading which appeared to create a false market in China Ding Yi Feng shares leading to an “irrationally high share price”.

Securities / Derivatives

SFC Extends Compliance Deadline for New Rules on Complex Products

By Editors | 20/03/2019

The SFC has extended the deadline for compliance with new rules requiring firms to ensure client suitability when selling complex products by two months.

Enforcement

SFC Fines BOCI Securities for ‘Systemic Deficiencies’ in Selling Practices

By Editors | 19/03/2019

BOCI Securities failed to comply with requirements relating to client profiling, product due diligence, and suitability assessment in its sale and distribution of investment products.