Tag: SFC

Hong Kong SFC
September 24, 2019 BY Valentina Kirilova

Hong Kong SFC bans a former vice president of BOCOM for life

The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Ye Feng from re-entering the industry for life following his conviction for bribery. Ye Feng, a former vice president of the Bank of Communications Co., Ltd. (BOCOM), is responsible for handling securities transactions for BOCOM’s clients at the material time, guilty…

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DFSA
April 22, 2019 BY Valentina Kirilova

Nine Masts Capital Limited fined $1.2m over naked short selling

The Hong Kong Securities and Futures Commission (SFC) announced that it has fined the company Nine Masts Capital Limited $1.2 million for failures relating to the short selling of Yuzhou Properties Company Limited shares in May 2015. Back then, on May 12, 2015, Yuzhou Properties proposed placing of new shares, subject to the fulfilment of…

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Hong Kong SFC
February 22, 2019 BY Valentina Kirilova

Hong Kong SFC updates listing rules protecting investors

The Hong Kong Securities and Futures Commission (SFC) released the current issue of its SFC Regulatory Bulletin: Listed Corporations, which included an update on how it will execute its authority as stipulated in the Securities and Futures (Stock Market Listing) Rules to protect investors. The dispatch outlined some of the recent steps taken by the…

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November 01, 2018 BY Valentina Kirilova

SFC sets out new regulatory approach for virtual assets

The Hong Kong Securities and Futures Commission (SFC) has issued a statement setting out a new approach which aims to bring virtual asset portfolio managers and distributors of virtual asset funds under its regulatory net. It also sets out a conceptual framework for the potential regulation of virtual asset trading platforms. In light of the…

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LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks
October 19, 2018 BY Valentina Kirilova

SFC concludes further consultation on the financial resources rules

The Hong Kong Securities and Futures Commission (SFC) has released conclusions to the further consultation on proposed amendments to update the Securities and Futures (Financial Resources) Rules (FRR). After considering the comments received, the SFC will implement the proposed changes, the main purpose of which is to update the computation basis of the financial resources…

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Crypto ‘Crime-as-a-Service’ shut down in Spain for money laundering
October 12, 2018 BY Valentina Kirilova

SFC concludes consultation on amendments to anti-money laundering

The Hong Kong Securities and Futures Commission (SFC) has just informed the public that it has today released consultation conclusions on proposals to amend its Guideline on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT Guideline). The amendments are in line with the latest international anti-money laundering and counter-financing of terrorism (AML/CFT) standards and will make the…

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Paxos teams up with bitcoin payment service BitPay
October 08, 2018 BY Valentina Kirilova

FCA and SFC sign MoU on UK-Hong Kong mutual recognition of funds

The Financial Conduct Authority (FCA) and the Hong Kong Securities and Futures Commission (SFC) have entered into a Memorandum of Understanding on Mutual Recognition of Funds (MoU), which will allow eligible Hong Kong public funds and United Kingdom retail funds to be distributed in each other’s market through a streamlined process. The MoU also establishes…

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