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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”.
AML / KYC
SFC Fines BMI Securities, Suspends RO for AML Breaches
By Editors | 11/02/2020
The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.
Enforcement
SFC Bulletin Shows Sponsor Conduct Still Top-of-mind
By Editors | 07/02/2020
The Regulatory Bulletin offers case studies illustrating the SFC’s key areas of concern and recent regulatory interventions in IPO applications and corporate transactions.
Enforcement
SFC Imposes One-Year Ban on RHB Securities Analyst
By Editors | 06/02/2020
The analyst traded stocks covered in research reports he prepared through his father’s securities trading account held at another brokerage.
Securities / Derivatives
Hong Kong PE Firms Should Reassess Licensing Obligations
By Michael P Wong | 05/02/2020
Hong Kong private equity firms should reassess whether they have complied with licensing requirements in light of new guidance from the SFC, says Dechert partner Michael Wong.
Securities / Derivatives
HK Bourse to Grant Relief on Issuer Results Announcements
By Editors | 04/02/2020
Listed companies experiencing difficulties publishing results or audited financial statements due to coronavirus-related travel and other restrictions may be granted relief.
Enforcement
SFC Suspends RHB Securities AE for Unauthorised Discretionary Trades
By Editors | 30/01/2020
The account executive conducted discretionary trades for a client account for almost two years without obtaining written authorisation.
Enforcement
SFC Launches Proceedings Against China Ding Yi Feng Manipulators
By Editors | 23/01/2020
On its first day of trading after a 10-month suspension, China Ding Yi Feng has lost 90% of its value, representing HKD 25 billion in lost market value.
Securities / Derivatives
SFC Offers Brokers, Fund Managers Guidance on Risk Governance
By Editors | 21/01/2020
Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.
Enforcement
Review Panel Offers Recommendations for Improving SFC Operations
By Editors | 17/01/2020
While welcoming the SFC’s front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.
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