The case involved control deficiencies in respect of 33 Financial Services Limited's transaction monitoring and name screening systems, the HKMA said.
January 17, 2022HKEX provides key operational arrangement updates for FINI in a new information pack, including the onboarding requirements for market participants.
December 1, 2021From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.
October 11, 2021Underwriters and distributors are directed to ensure their systems, processes and controls facilitate good customer outcomes.
September 24, 2021The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
August 16, 2021Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
February 23, 2021Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.
November 18, 2020Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.
November 17, 2020Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.
May 4, 202019 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020