SFC

FSTB Concludes Landmark Consultation on New Licensing Regime for Virtual Assets Services Providers

FSTB Concludes Landmark Consultation on New Licensing Regime for Virtual Assets Services Providers 1400 788 Basil Hwang

After a three-month consultation (see our previous news update here) on the legislative proposal to introduce a new licensing regime for virtual asset services providers (“VASPs”) with an objective of…

Joint statement on IPO-related misconduct

Joint statement on IPO-related misconduct 1920 1080 Emma
On 20 May 2021, SFC and HKEx issued a joint statement setting out the general approach taken by them to address regulatory issues formed in recent new listings.  The statement described how the regulators would deploy their respective powers under the SFO, the SMLR and the Listing Rules to tackle issues that mainly involved suspected arrangements to artificially satisfy the initial listing requirements, or facilitate market manipulation of the shares after the IPO.

SFC warns against online investment scams

SFC warns against online investment scams 1401 786 Charing
The Securities and Futures Commission has recently concluded an online campaign alerting the public about the use of online platforms to defraud investors. There are many ways to ascertain and verify the identity of the counter-party on the other end of the deal.  Here are some ways to avoid falling victim to investment scams:-

Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information

Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information 1920 1080 Emma
On 12 May 2021, MMT fined China Medical & HealthCare Group Limited, formerly known as COL Capital Limited, and six of its former and current directors a total of $4.2 million for failing to disclose inside information as soon as reasonably practicable following proceedings brought by the SFC.

Consultation Conclusions on Proposed Amendments to the Code on Real Estate Investment Trusts

Consultation Conclusions on Proposed Amendments to the Code on Real Estate Investment Trusts 1401 789 Louise

On 9 June 2020, the Securities and Futures Commission (the “SFC”) issued a Consultation Paper on the Proposed Amendments to the Code on Real Estate Investment Trusts (the “REITs”) (the…

SFC’s Consultation Paper on proposal to amend its Anti-Money Laundering and Counter-Financing of Terrorism Guidelines

SFC’s Consultation Paper on proposal to amend its Anti-Money Laundering and Counter-Financing of Terrorism Guidelines 1400 788 Louise
The SFC published a consultation paper on proposed amendments to (1) the Guideline on AML/CFT (For Licensed Corporations) and (2) the Prevention of Money Laundering and Terrorist Financing Guideline issued by the SFC for Associated Entities

SFC consults on conduct requirements for bookbuilding and placing activities

SFC consults on conduct requirements for bookbuilding and placing activities 1402 790 Louise
On 8 February 2021, the Securities and Futures Commission published a consultation paper on conduct requirements for capital market transactions in Hong Kong.

SFC consults on the Management and Disclosure of Climate-related Risks by Fund Managers

SFC consults on the Management and Disclosure of Climate-related Risks by Fund Managers 1400 787 Louise
In October 2020, the SFC published a consultation paper on the Management and Disclosure of Climate-related Risks by Fund Managers proposing to amend the Fund Manager Code of Conduct.

SFC’s Consultation Paper on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners

SFC’s Consultation Paper on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners 1920 1080 Louise
In December 2020, the SFC published a Consultation Paper on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners.

SFC, HKEx Directed to Explore SPAC Listings in Hong Kong

SFC, HKEx Directed to Explore SPAC Listings in Hong Kong 1920 1080 Emma
March 2021, SFC and HKEx briefed a forum of top financial leaders in Hong Kong about the latest developments in Special Purpose Acquisition Companies (SPACs)
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