Securities and Futures Commission

Enforcement

ICAC Charges Ex-HKEX Official for Bribery, Misconduct

By Editors | 25/03/2020

A former joint-head of HKEX’s IPO Vetting Team has been charged over HK$9.15mn in bribes and misconduct in public office between June 2017 and April 2019.

Enforcement

SFC Imposes Lifetime Ban on Former China Pacific Securities Broker

By Editors | 24/03/2020

The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.

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”.