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

Ernesto A. Lanza Named Acting Director of SEC Office of Municipal Securities

Washington, D.C., Dec. 3, 2021 — The Securities and Exchange Commission today announced that Ernesto A. Lanza will serve as Acting Director of the Office of Municipal Securities (OMS). Mr.

Tender regarding the ‘Provision of services of two Office Admins/Telephone Operators

The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to announce that it has issued the public Tender No. 19/2021 for the ‘Provision of services...

Nexus IFA (Clone of FCA Authorised Firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Blanket Order 52-503 – Exemption from National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure

Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-oper

Deutsche Wallet (Clone of FCA Authorised Firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Get the latest from Regulatory.News in your inbox!

×