Court convicts investment portfolio manager of unlicensed asset management LeapRate

August 24, 2017 BY Valentina Kirilova

Court convicts investment portfolio manager of unlicensed asset management

The Eastern Magistrates’ Court today convicted Fonia Kwok Lai Kwan of carrying on a business in asset management trading under the name of Finamics Capital Management (Finamics) and Lawrence Ho Man Chung of performing a regulated function in relation to the asset management of Finamics without licences from the Hong Kong Securities and Futures Commission…

June 30, 2017 BY Valentina Kirilova

Court of First Instance upholds convictions of Hong Kong Game Theory Association Limited

The Court of First Instance has dismissed the appeal of Hong Kong Game Theory Association Limited (Hong Kong Game Theory) and its sole director Mr Sze Ching Lok against their convictions for carrying on a business in advising on futures contracts without a licence, Hong Kong SFC announced earlier today. In dismissing the appeal, Deputy…

June 29, 2017 BY Valentina Kirilova

Hong Kong SFC consults on new OFC Rules and OFC Code

The Securities and Futures Commission (SFC) announced that has launched a two-month consultation on the detailed legal and regulatory requirements applicable to the new open-ended fund company (OFC) structure. The OFC structure will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form. The consultation…

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 26, 2017 BY Valentina Kirilova

MMT sanctions Greencool’s former chairman for disclosure of false information

The Market Misconduct Tribunal (MMT) today ordered the former chairman and chief executive officer of Greencool Technology Holdings Limited, Mr Gu Chujun, to disgorge $481,969,785 of profit from his market misconduct, Hong Kong SFC just announced. This is the largest disgorgement order amount ever imposed by the MMT to date. On 29 December 2016, the…

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 21, 2017 BY Valentina Kirilova

Hong Kong SFC includes A shares in MSCI Emerging Markets Index

MSCI announced today that beginning in June 2018, it will include A shares in the MSCI Emerging Markets Index. Mr Ashley Alder, the SFC’s Chief Executive Officer, commented: The inclusion of A shares in the MSCI Emerging Markets Index signifies the growing importance of the A-share market to international investors, and will further strengthen Hong…

June 19, 2017 BY Valentina Kirilova

SFC suspends former responsible officer of iSTAR International Futures Co. Limited for 6 months

The Hong Kong Securities and Futures Commission (SFC) has suspended Mr Wu Biwei, former responsible officer (RO) and managing director of iSTAR International Futures Co. Limited, now known as Rifa Futures Limited (Rifa), for six months from 16 June 2017 to 15 December 2017. The disciplinary action follows the SFC’s sanctions against iSTAR over its…

June 13, 2017 BY Valentina Kirilova

Hong Kong SFC bans a former employee of the HSBC

The Securities and Futures Commission (SFC) announced that has banned Mr Li Bo, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for eight months from 9 June 2017 to 8 February 2018 for breaching the SFC’s Code of Conduct. The disciplinary action follows an SFC investigation which…

Tag: Hong Kong SFC

Court convicts investment portfolio manager of unlicensed asset management

Court of First Instance upholds convictions of Hong Kong Game Theory Association Limited

Hong Kong SFC consults on new OFC Rules and OFC Code

Hong Kong regulators release conclusions on the OTC derivatives regulatory regime

MMT sanctions Greencool’s former chairman for disclosure of false information

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 SFC includes A shares in MSCI Emerging Markets Index

SFC suspends former responsible officer of iSTAR International Futures Co. Limited for 6 months

Hong Kong SFC bans a former employee of the HSBC

Saxo launches managed portfolio suite for Australian investors

ESMA issues guidance on fractional shares in the EU

SimCorp partners with FlexTrade to expand order management system capabilities

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