All posts tagged "Ashley Alder"
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242EnforcementUBS to Pay HK$600m in Fines and Compensation for Overcharging Clients
The SFC reprimanded and fined UBS for overcharging clients over a ten-year period, affecting 5,000 Hong Kong-managed client accounts in over 28,000 transactions.
November 12, 2019 -
1.8KAML / KYCSFC Unveils Regulatory Framework for Crypto Exchanges
Under the new framework, announced at Hong Kong Fintech Week, platform operators that offer trading in virtual assets classified as securities may seek Type 1 and Type 7 licences from the SFC.
November 7, 2019 -
709FeatureSFC Issues Guidance on Outsourcing of Data Storage
Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.
November 1, 2019 -
345Contributed ArticleExperts Bemoan Hong Kong’s Slow Green Finance Reform
The city's regulator and central bank must introduce guidance and rules more aggressively if they want to show that Hong Kong is committed to green finance, say industry participants.
September 24, 2019 -
631FeatureHong Kong Cracks Down on Backdoor Listings, Shell Activities
Effective from 1 October, new rules from HKEX will prohibit large disposals of businesses or assets by listed companies for three years following a change in control.
July 29, 2019 -
694ChinaSFC Gains Access to Mainland Audit Papers for Investigations
The MOF and CSRC agree to provide the "fullest assistance" in response to SFC requests for investigative assistance regarding the provision of audit working papers.
July 4, 2019 -
510EuropeHong Kong, Netherlands Agree Mutual Recognition of Funds
Hong Kong and Dutch regulators have set out a framework for the exchange of information and mutual recognition of funds registered in both jurisdictions.
May 16, 2019 -
557Hong KongHong Kong’s SFC Releases Guidance on Green Funds Disclosure
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.
April 16, 2019 -
538Hong KongSFC’s Alder Speaks on “Greening the Financial System’
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.
March 27, 2019 -
952Enforcement
SFC Fines UBS and Others HK$787mn for IPO Sponsor Failures
“The sanctions send a strong and clear message to the market that we will not hesitate to hold errant sponsors accountable for their misconduct,” said SFC chief Ashley Alder.
March 15, 2019
