Aggregated News From Investment Management Regulators

Hong Kong

New speech by Ashley Alder: Keynote address at ISDA Annual General Meeting 2021

A keynote address entitled “A global perspective on derivatives regulation” delivered by Mr Ashley Alder at the ISDA Annual General Meeting 2021 was posted on the SFC website.

Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information

The Market Misconduct Tribunal (MMT) has fined China Medical & HealthCare Group Limited, formerly known as COL Capital Limited (COL), and six of its former and current directors a total of $4.2 million for failing to disclose inside information as soon as reasonably practicable following proceedings brought by the Securities and Futures Commission (SFC) (Notes 1 to 4).

Launch of grant scheme for open-ended fund companies and real estate investment trusts

The Securities and Futures Commission (SFC) today announced the implementation of the Government’s grant scheme to subsidise the setting up of open-ended fund companies (OFCs) and real estate investment trusts (REITs) in Hong Kong (Note 1).

SFC and Police joint operation against listed company and senior executives

The Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police today conducted a joint operation against a syndicate suspected of market misconduct and fraud.

SFC revokes IDS Forex HK Limited’s licence and bans its former co-CEOs for life

The Securities and Futures Commission (SFC) has revoked the licence of IDS Forex HK Limited (IDS Forex) and banned its former co-chief executive officers, Mr Chung Wooman and Mr Ki Bonggan, from re-entering the industry for life (Notes 1 to 3).

New speech by Tim Lui: Speech at National Security Education Day

A speech entitled “Safeguarding financial stability and national security” delivered by Mr Tim Lui at the National Security Education Day was posted on the SFC website.

New speech by Ashley Alder: Speech at the Eurofi High Level Seminar 2021

A speech entitled “Corporate sustainability disclosure standards: The way forward” delivered by Mr Ashely Alder at the Eurofi High Level Seminar 2021 was posted on the SFC website.

Consultation on annual update to the list of Financial Services Providers under the OTC derivatives regulatory regime

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today issued a joint consultation on the annual update to the list of Financial Services Providers (Note 1) under the over-the-counter (OTC) derivatives clearing regime (Note 2). An additional entity is proposed to be included on the list, and an entity to be removed.

SFC reprimands and fines Optimas Capital Limited $1.05 million over short position reporting failures

The Securities and Futures Commission (SFC) has reprimanded Optimas Capital Limited (Optimas) and fined it $1.05 million over failures to ensure short position reports (SPRs) for a collective investment scheme (CIS) under its management were accurate and compliant with the requirements under the Securities and Futures (Short Position Reporting) Rules (SPR Rules) (Notes 1 & 2).

Court acquits solicitor of insider dealing in shares of CASH Financial Services Group Limited

The Eastern Magistrates’ Court has acquitted Mr Leung Pak Keung, a practising solicitor, of five charges of insider dealing in the shares of CASH Financial Services Group Limited (CFSG) between 18 December 2014 and 2 January 2015 (Notes 1 & 2).

Market Misconduct Tribunal sanctions two former executives for insider dealing in Asia Telemedia Limited shares

The Market Misconduct Tribunal (MMT) has sanctioned two former executives of Asia Telemedia Limited (ATML) (now known as Yunfeng Financial Group Limited) – Mr Charles Yiu Hoi Ying and Ms Marian Wong Nam – following legal proceedings brought by the Securities and Futures Commissions (SFC) (Note 1).

Arrest warrant issued for alleged social media ramp-and-dump manipulator

The Eastern Magistrates’ Court today issued a warrant to arrest Ms Zeng Lingxi after she failed to appear in Court to answer two charges of obstructing the Securities and Futures Commission’s (SFC) search operation in May 2020 (Notes 1 & 2).

Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

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