Securities Regulation Archives - Page 3 of 5

Hauzen LLP
04/03/2022

Joint Operation by Hong Kong & Singapore Regulators & Police on Cross Border Ramp-and-dump Syndicate

Joint Operation by Hong Kong & Singapore Regulators & Police on Cross Border Ramp-and-dump Syndicate https://hauzen.hk/wp-content/uploads/2022/01/man-taylor-nicole-qH7nLsK_IjE-unsplash_1400x787sm.jpg 1400 787 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 04/03/2022 20/09/2023

10 individuals, believed to be key members of the syndicate, including some senior executives of Hong Kong listed companies were arrested.

Hauzen LLP
04/03/2022

Exchange Published Conclusions on Review of Corporate Governance Code

Exchange Published Conclusions on Review of Corporate Governance Code https://hauzen.hk/wp-content/uploads/2020/09/piqsels.com-id-zwvfp-escalator_sm.jpg 1920 1080 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 04/03/2022 19/08/2024

Amended Listing Rules and CG Code came into effect on 1 Jan 2022, and will apply to CG reports for financial year commencing on or after 1 Jan 2021.

Hauzen LLP
04/03/2022

Insurance Authority Reprimands & Fines Insurer for Contraventions of AML & CTF Ordinances

Insurance Authority Reprimands & Fines Insurer for Contraventions of AML & CTF Ordinances https://hauzen.hk/wp-content/uploads/2021/02/bangkok-stairs-ryan-tang-8OyZGH43-p4-unsplash-sm.jpg 1400 788 Hauzen LLP Hauzen LLP https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 04/03/2022 24/03/2022

MetLife (now FWD Life) & Metropolitan Life Insurance (now FWD Life Assurance) fined HK$7 million. It is clear that the IA takes these failures very seriously.

Hauzen LLP
02/12/2021

SFC Reprimands & Fines Fulbright Securities $3.3M, Suspends License of RO

SFC Reprimands & Fines Fulbright Securities $3.3M, Suspends License of RO 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/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 02/12/2021 15/08/2024

Key takeaway is that SFC won’t hesitate to sanction both licensed corporation and licensed person and attribute the misconduct to licensed person.

Hauzen LLP
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 LLP Hauzen LLP https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 23/11/2021 15/08/2024

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

Hauzen LLP
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 LLP Hauzen LLP 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 LLP
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 LLP Hauzen LLP https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 28/10/2021 15/08/2024

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 LLP
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 LLP Hauzen LLP https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 22/10/2021 15/08/2024

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

Hauzen LLP
24/09/2021

Securities Regulation

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 LLP Hauzen LLP 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 LLP
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 LLP Hauzen LLP 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”).

Securities Regulation