Aggregated News From Investment Management Regulators

SFC issues restriction notice to Agg. Asset Management Limited

Report/Flag

Please complete the required fields.



The Securities and Futures Commission (SFC) has issued a restriction notice to Agg. Asset Management Limited (Agg) because of doubts over Agg’s reliability, integrity, and ability to carry on regulated activities competently, honestly and fairly, and hence, its fitness and properness to remain licensed (Note 1).

The restriction notice prohibits Agg, without prior written consent from the SFC, from carrying on any business, whether directly or through agents, which constitutes regulated activities for which it is licensed under the Securities and Futures Ordinance (SFO) until further notice.

The SFC considers that the issue of the restriction notice is desirable in the interest of the investing public or in the public interest.

The SFC’s investigation is ongoing.

End

Note:

  1. The restriction notice is issued pursuant to section 204 of the SFO.  Agg is a corporation licensed under the SFO to carry on Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities.  There are licensing conditions imposed on Agg’s licences, amongst others, that it shall not hold client assets.  It has a business name www.1234567.com.hk and a company website at www.1234567.com.hk.

Source link

Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

Recent Articles

FCA publishes Decision Notices against three bond traders for market manipulation

The FCA has published Decision Notices given to Diego Urra, Jorge Lopez Gonzalez and Poojan Sheth, three bond traders, for market abuse. The FCA has...

Guidelines On policies and procedures in relation to compliance management

You have the option below to allow a unique web analytics cookie to be stored on your browser, enabling the operator of the website to collect and analyse various types of statistical data.

Release Order – IFL Promoters Ltd., Anjana Gupta and Kishan Gupta in the matter of IFL Promoters Ltd. : Certificate No. 5003 of 2022.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!

×