Securities Regulation

Hauzen
23/11/2021

Court Finds Trio Insider Dealing in TeleEye Shares & Order Disgorgement of Profits

Court Finds Trio Insider Dealing in TeleEye Shares & Order Disgorgement of Profits https://hauzen.hk/wp-content/uploads/2022/01/hong-kong-city-5012735_1920_1400x788sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 23/11/2021 24/03/2022

We remind the reader that there are serious consequences to insider dealing and for failing to respond to SFC’s enquiries and investigation.

Hauzen
04/11/2021

SFC publishes Consultation Conclusion to Code on Pooled Retirement Funds

SFC publishes Consultation Conclusion to Code on Pooled Retirement Funds https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 04/11/2021 10/01/2022

Amended PRF Code expected to come into force in November 2021. SFC will allow 12-month transitional period key operators to implement.

Hauzen
28/10/2021

SFC’s Revised Guidelines on Competence effective on 1 January 2022 – Part II

SFC’s Revised Guidelines on Competence effective on 1 January 2022 – Part II https://hauzen.hk/wp-content/uploads/2020/09/stairs-alex-rodriguez-santibanez-AIvKJfwMcd8-unsplash_1401x788sm.jpg 1401 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 28/10/2021 10/01/2022

We return with the second part to our two-part series on the Consultation Conclusions on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners published on 18 June…

Hauzen
22/10/2021

SFC’s Revised Guidelines on Competence effective 1 Jan 2022

SFC’s Revised Guidelines on Competence effective 1 Jan 2022 https://hauzen.hk/wp-content/uploads/2020/09/stairs-alex-rodriguez-santibanez-AIvKJfwMcd8-unsplash_1401x788sm.jpg 1401 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 22/10/2021 18/09/2023

In this two-part series, we will focus on the key changes under the Competence Guidelines for Responsible Officers and Licensed Representatives.

Hauzen
24/09/2021

SFC’s Consultation Conclusions on Proposals to (1) Implement an Investor Identification Regime and (2) Introduce an Over-The-Counter Securities Transactions Reporting Regime

SFC’s Consultation Conclusions on Proposals to (1) Implement an Investor Identification Regime and (2) Introduce an Over-The-Counter Securities Transactions Reporting Regime https://hauzen.hk/wp-content/uploads/2020/12/stairs-pop-zebra-332453-unsplash_1401x789sm.jpg 1401 789 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 24/09/2021 01/11/2021

Further to our article on the Securities and Futures Commission’s (the “SFC”) consultation on the investor identification regime and an over-the-counter securities transactions reporting regime, on 10 August 2021, the…

Hauzen
16/09/2021

Securities Regulation

SFC Licensed Intermediaries: A reminder of your self-reporting obligation

SFC Licensed Intermediaries: A reminder of your self-reporting obligation https://hauzen.hk/wp-content/uploads/2021/11/stairs-pexels-atypeek-dgn-5649475_1400x788.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 16/09/2021 10/01/2022

If you are a SFC-licensed intermediary, then you are subject to the self-reporting obligation as set out in paragraph 12.5 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (the “Code”).

Hauzen
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 Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?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
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 Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?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
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 Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?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
03/06/2021

The Securities and Futures Commission (the “SFC”) reprimanded and fined Ewarton Securities Limited

The Securities and Futures Commission (the “SFC”) reprimanded and fined Ewarton Securities Limited https://hauzen.hk/wp-content/uploads/2021/11/stairs-pexels-atypeek-dgn-5649475_1400x788.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 03/06/2021 10/01/2022

The Securities and Futures Commission reprimanded and fined Ewarton Securities Limited for internal control failings and breaches of the SFC’s Code of Conduct.