SFC reprimands and fines HSBC $2.5 million for regulatory breaches LeapRate

September 14, 2016 BY Valentina Kirilova

SFC reprimands and fines HSBC $2.5 million for regulatory breaches

The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures. The disciplinary action follows an SFC investigation into the holding by HSBC of open positions in Hang Seng China Enterprises Index futures and…

May 25, 2016 BY LeapRate Staff

SEC bans Broker-Dealers from retail forex transactions - LeapRate Exclusive

Is this the first step by US regulators to possibly ban altogether highly leveraged retail forex trading?

May 20, 2016 BY Mike Fox

Hong Kong SFC signs MoU with FINRA dealing with cross-border entities

The Securities and Futures Commission (SFC) of Hong Kong today has announced the regulator has entered into a memorandum of understanding (MoU) with the Financial Industry Regulatory Authority of the United States (FINRA) concerning mutual assistance in the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and in the…

February 08, 2016 BY Mike Fox

Hong Kong regulators release conclusions on introducing mandatory clearing and reporting for OTC derivatives market

There were concerns about the lack of explicit guidance as to what constitutes an OTC derivative for FX, and clarification was sought as to whether it captured all FX forwards (including FX security conversions), FX NDFs, FX swaps and FX options, in all currencies. The Hong Kong financial regulators also received a request to exclude FX…

September 14, 2015 BY Maria Nikolova

Tag: Securities and Futures Commission