Knowledge Archives - Page 6 of 9

Greg Heaton
29/09/2021

Record keeping in the cloud: As an old law falls to a modern reality, do SFC licensees risk repercussions?

Record keeping in the cloud: As an old law falls to a modern reality, do SFC licensees risk repercussions? https://hauzen.hk/wp-content/uploads/2020/08/hong-kong-islands-alice-mourou-e-VK4NxwN1c-unsplash_1402x790-sm.jpg 1402 790 Greg Heaton Greg Heaton https://secure.gravatar.com/avatar/efa1e560c9cc3087926b5b7e117b4ace678ce512d9e57a410a16c83442d3ce9c?s=96&d=mm&r=g 29/09/2021 22/04/2023

Are your company records stored in the cloud? Licensees in Hong Kong beware you are likely breaching the Securities and Futures Ordinance.

Hauzen LLP
08/09/2021

SFC’s new initiative to warn against unauthorised investment schemes

SFC’s new initiative to warn against unauthorised investment schemes https://hauzen.hk/wp-content/uploads/2020/12/stairs-feet-pikwizard-e56c51548444732f224d910d420e40f5_1401x788sm.jpg 1401 788 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 08/09/2021 10/01/2022

The Securities and Futures Commission (the “SFC”) launched a new initiative to warn the public against unauthorised investment arrangements which are suspected to be collective investment schemes (“CIS”).

Hauzen LLP
02/09/2021

Money Laundering

Time is of the essence – Maximising your chance of recovering money from cybercrime in Hong Kong

Time is of the essence – Maximising your chance of recovering money from cybercrime in Hong Kong https://hauzen.hk/wp-content/themes/crocal/images/empty/thumbnail.jpg 150 150 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 02/09/2021 01/11/2021

If you find yourself an unfortunate victim of an investment scam, it is crucial to prioritize your subsequent action to maximise your chance of recovering money from cybercrime.

Hauzen LLP
25/08/2021

SFC’s Circular to licensed corporations – Operation of Bank Accounts

SFC’s Circular to licensed corporations – Operation of Bank Accounts https://hauzen.hk/wp-content/uploads/2020/09/stairs-alex-rodriguez-santibanez-AIvKJfwMcd8-unsplash_1401x788sm.jpg 1401 788 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 25/08/2021 01/11/2021

The Securities and Futures Commission (“SFC”) issued a circular to licensed corporations (“LC”) on 28 June 2021 warning against unsatisfactory practices in the operation of bank accounts of LCs (the “Circular”).

Hauzen LLP
12/08/2021

SFC warns unregulated virtual asset platforms

SFC warns unregulated virtual asset platforms https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-ryan-tpAyLp9Ro50-unsplash_1400x787.jpg 1400 787 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 12/08/2021 01/09/2023

The Securities and Futures Commission warns unregulated virtual asset platforms

Hauzen LLP
09/08/2021

Bills for re-domiciliation of foreign investment funds gazetted

Bills for re-domiciliation of foreign investment funds gazetted https://hauzen.hk/wp-content/uploads/2022/01/hong-kong-city-5012735_1920_1400x788sm.jpg 1400 788 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 09/08/2021 15/08/2024

Exciting possibilities for hedge funds, private equity funds and others, whether close-ended or open-ended, to move their domicile to Hong Kong.

Hauzen LLP
06/08/2021

Court of Appeal grants SFC compensation orders against former directors of EganaGoldpfeil

Court of Appeal grants SFC compensation orders against former directors of EganaGoldpfeil https://hauzen.hk/wp-content/uploads/2021/10/money-pexels-tima-miroshnichenko-6266453_1401x786sm.jpg 1401 786 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 06/08/2021 15/08/2024

Court of Appeal grants the Securities and Futures Commission $622 million compensation orders against former directors of EganaGoldpfeil (Holdings) Ltd.

Hauzen LLP
28/07/2021

SFC suspends a Responsible Officer of GEO Securities Ltd

SFC suspends a Responsible Officer of GEO Securities Ltd https://hauzen.hk/wp-content/uploads/2021/11/woam-computer-pexels-mikhail-nilov-7534101_1400x788.jpg 1400 788 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 28/07/2021 10/01/2022

The Hong Kong Securities and Futures Commission suspends a Responsible Officer of GEO for breach of licensing conditions.

Hauzen LLP
16/06/2021

Market Misconduct

The Court of First Instance orders boiler room fraudsters to compensate investors

The Court of First Instance orders boiler room fraudsters to compensate investors https://hauzen.hk/wp-content/themes/crocal/images/empty/thumbnail.jpg 150 150 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/d1b885eaf259d7dce5c199adb937383be5d0065b2cbf634a3209454c7173acce?s=96&d=mm&r=g 16/06/2021 19/07/2021

Boiler room fraudsters ordered to compensate investors after finding that none of the investments in securities / futures products agreed were ever executed.

Basil Hwang
03/06/2021

FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs

FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs https://hauzen.hk/wp-content/uploads/2022/01/bitcoin-pexels-alesia-kozik-6778581_1400x788sm.jpg 1400 788 Basil Hwang Basil Hwang https://secure.gravatar.com/avatar/faae5601da7623c10cd540342418a2c716ce0d8993655d7ec77c5907aed42237?s=96&d=mm&r=g 03/06/2021 19/06/2024

Proposal has received broad support from respondents, who understand the importance of regulating VASPs in fulfilment of the obligations outlined by the FATF.

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