SFC announces Investor ID for Northbound trading under Stock Connect LeapRate

November 30, 2017 BY Valentina Kirilova

SFC announces Investor ID for Northbound trading under Stock Connect

The Hong Kong Securities and Futures Commission (SFC) today announced that it has reached an agreement with the China Securities Regulatory Commission (CSRC) on proposals to introduce an investor identification regime for Northbound trading under Mainland-Hong Kong Stock Connect. To prepare the market, the Stock Exchange of Hong Kong (SEHK) will soon issue an information…

SEC charges nine hackers and traders in Edgar hacking case

October 27, 2017 BY Valentina Kirilova

SFC and HKMA address hacking risks associated with internet trading

The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over the past few years, the SFC and the HKMA have provided a range of…

June 28, 2017 BY Valentina Kirilova

Hong Kong SFC welcomes new CEPA agreements

The Hong Kong Securities and Futures Commission (SFC) announced that has welcomed the Investment Agreement and Agreement on Economic and Technical Cooperation under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) signed in Hong Kong today. The initiatives under the latest agreements will facilitate promotion and protection of investments between…

June 27, 2017 BY Valentina Kirilova

Hong Kong regulators release conclusions on the OTC derivatives regulatory regime

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today published conclusions on a joint consultation paper which proposed adjusting the scope of “OTC derivative product” under the over-the-counter (OTC) derivatives regulatory regime. The proposed adjustments were to: prescribe certain additional markets and clearing houses so that products traded and cleared…

June 23, 2017 BY Valentina Kirilova

SFC clarifies competence requirements for licensees seeking to enter asset management business

The Hong Kong Securities and Futures Commission (SFC) today issued a circular to clarify certain competence requirements for existing licensed persons seeking to be licensed for Type 9 regulated activity (asset management) and to provide further guidance on how the SFC assesses the competence of a corporation or a responsible officer (RO) to carry on…

June 23, 2017 BY Valentina Kirilova

SFC bans a former vice president of JPMorgan Funds (Asia) Limited for eight months

The Hong Kong Securities and Futures Commission (SFC) has banned Mr Fok Chi Kin from re-entering the industry for eight months from 20 June 2017 to 19 February 2018. Fok was a vice president of JPMorgan Funds (Asia) Limited (JPFL) providing sales support before he tendered his resignation on 8 March 2016. He left JPFL…

June 13, 2017 BY Valentina Kirilova

Hong Kong and Australia seal agreement on fintech cooperation

The Hong Kong Securities and Futures Commission (SFC) and ASIC today signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. This Cooperation Agreement builds on the already close ties between ASIC and the SFC, as well as the Australia-Hong Kong trade and investment relationship more…

June 12, 2017 BY Valentina Kirilova

Hong Kong SFC issues restriction notice on IDS Forex HK Limited

The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it or held on behalf of its clients, and assisting, counselling or procuring another person to dispose…

June 09, 2017 BY Valentina Kirilova

SFC commences insider dealing prosecutions over proposed privatisation of IDS Group

The Hong Kong Securities and Futures Commission (SFC) announced that has commenced criminal proceedings in the Eastern Magistrates' Court against Mr Lam Yik Tung, Mr Chan Lit Chun and Mr Anson Mui Ka Leung for alleged insider dealing in the shares of Integrated Distribution Services Group Limited (IDS) (IDS was privatised and its shares were…

May 19, 2017 BY Valentina Kirilova

Hong Kong SFC announces appointments and re-appointments to SFC Advisory Committee

The Securities and Futures Commission (SFC) announced and welcomed the appointment and re- appointment by the Financial Secretary of members to the SFC Advisory Committee for two years from 1 June 2017 to 31 May 2019. I warmly welcome Ms Prudence Ann Bennett, Mrs Ann Kung Yeung Yun-chi and Dr Tan Yue-heng to be the…

Tag: SFC

SFC announces Investor ID for Northbound trading under Stock Connect

SFC and HKMA address hacking risks associated with internet trading

Hong Kong SFC welcomes new CEPA agreements

Hong Kong regulators release conclusions on the OTC derivatives regulatory regime

SFC clarifies competence requirements for licensees seeking to enter asset management business

SFC bans a former vice president of JPMorgan Funds (Asia) Limited for eight months

Hong Kong and Australia seal agreement on fintech cooperation

Hong Kong SFC issues restriction notice on IDS Forex HK Limited

SFC commences insider dealing prosecutions over proposed privatisation of IDS Group

Hong Kong SFC announces appointments and re-appointments to SFC Advisory Committee

Swoosh Finance: ASIC Alleges Breach of Responsible Lending Obligations

Robinhood Appoints Christopher Payne to Board of Directors

UBS Financial Services Fined $500,000 by FINRA

iM Global Partner Announces Launch of iMGP Euro Select Fund

Broadridge Expands ClearFi Platform Through Collaboration with CCRI