The Securities and Futures Commission (SFC) today published its Quarterly Report summarising key developments from July to September 2016.
Highlights of the quarter include the August joint announcement by the SFC and the China Securities Regulatory Commission of the in-principle approval for Shenzhen-Hong Kong Stock Connect, and the launch of a consultation on enhancements to expand the scope of the position limit regime for futures and options contracts.
The total number of licensed corporations, individuals and registered institutions reached another record high of 42,571 as of 30 September. During the quarter, the SFC vetted 84 listing applications alongside The Stock Exchange of Hong Kong Limited under the dual filing regime, a record high since the regime commenced in 2003. Four corporations and eight licensed representatives were disciplined during the period, resulting in total fines of $25.8 million.
In other highlights, the SFC reviewed major international regulatory developments and considered the views of industry stakeholders in preparation for the consultation launched in November on proposals to enhance the regulation of the asset management industry in Hong Kong.
The report is available on the SFC website.