Regulatory News (Mar 2015)
/in Regulatory News /by Tony Chan- Court sets trial date for indictable prosecution for unlicensed dealing
- Appointments to SFC committees
- SFC obtains disqualification order against former executive director of Tack Fiori International Group Limited
- SFC survey: Hong Kong hedge fund assets hit record high
- Process Review Panel Report 2013-2014
- Court grants order compelling attendance of SFC investigation interview
- SFC welcomes U.S. CFTC exemption for Hong Kong brokers to deal directly with U.S. customers
- SFC reprimands and fines JS Cresvale Securities HK$2.5 million
- Court of Final Appeal allows appeal of Pacific Sun Advisors Limited and its director
- Market Misconduct Tribunal sets date for hearing on alleged false research report
- Opening remarks at SFC’s media luncheon
- Takeovers Panel finds Chow Yei Ching, Joseph Leung Wing Kong and Oscar Chow Vee Tsung in breach of Takeovers Code
- SFC bans Luo Jianglan for six months
- SFC bans Wong Chun Yin for life
- SFC seeks disqualification and compensation orders against former chairman and directors of Inno-Tech Holdings Limited
- SFC seeks comments on Principles of Responsible Ownership
Regulatory News (Feb 2015)
/in Regulatory News /by Tony Chan- SFC obtains court order to wind up China Metal Recycling (Holdings) Limited
- SFC bans Katherina Lo Ka Shun for two years for improper trading arrangement
- SFC bans former CEO of Ping An of China Securities (Hong Kong) Company Limited for 12 months over internal control failures
- SFC issues third-quarter report
- Court dismisses judicial review application by CITIC’s former director against SFC
- SFC welcomes appointment of Executive Director
- Market Misconduct Tribunal disqualifies Water Oasis’s former CEO and orders disgorgement for insider dealing
Regulatory News (Jan 2015)
/in Regulatory News /by Tony Chan- Amendments to Code on Unit Trusts and Mutual Funds take effect
- SFC unveils report on asset management
- SFC obtains court orders against current and former directors of First China to compensate the company RMB18.69 million
- SFC signs MoU with ESMA on cooperation arrangements for Hong Kong-established central counterparties
- Unlicensed dealing prosecution transferred to District Court
- SFC bans Jagjit Singh Dhillon for life
- Securities and Futures Appeals Tribunal sets date for Moody’s hearing
- Court grants orders to restrain suspected boiler rooms
- SFC issues Restriction Notice on Goodcape Securities Limited
Regulatory News (Dec 2014)
/in Regulatory News /by Tony Chan- SFC welcomes re-appointment of Non-Executive Director
- SFC commences proceedings in Market Misconduct Tribunal over alleged false research report
- Court freezes bank accounts of suspected boiler rooms
- SFC launches consultation on supervisory assistance to overseas regulators
- Second SFC mystery shopping programme identifies deficiencies in selling practices
- Market Misconduct Tribunal sets date for CITIC hearing
- SFC issues second-quarter report
- New SFC survey of licensed corporations selling investment products
- SFC adopts proposals to allow greater flexibility for authorized funds in dissemination of prices and net asset values
- SFC bans Lee Wai Keung for 12 months
- SFC suspends former responsible officer of ICBCI Securities for eight months for failures related to IPO shares subscription
- SFC publicly criticises Wen Yibo for breach of Takeovers Code
Regulatory News (Nov 2014)
/in Regulatory News /by Tony Chan- Joint HKMA-SFC consultation conclusions on reporting and record keeping rules for OTC derivatives
- Freezing injunction against Greencool’s ex-chairman extended pending SFC proceedings
- Regulators approve launch of Shanghai-Hong Kong Stock Connect
- Joint Announcement of China Securities Regulatory Commission and Securities and Futures Commission
- Court dismisses judicial review against Takeovers Panel
- Market Misconduct Tribunal sets date for Water Oasis’s former CEO hearing
- SFC reprimands and fines Yue Siying
- SFC bans Leung Wai Hung for 18 months
Regulatory News (Oct 2014)
/in Regulatory News /by Tony Chan- Market Misconduct Tribunal sets date for hearing on Greencool’s ex-chairman and former senior executives
- SFC bans Yan Chee Yung for life
- SFC suspends Ho Siu Po for seven months
- SFC signs MoU with CSRC to strengthen enforcement cooperation under Shanghai-Hong Kong Stock Connect
- Takeovers Panel rules no mandatory general offer obligation triggered for China Oriental
- SFC welcomes re-appointment of Non-Executive Director
- SFC bans Roger Albert John and Hamish Gordon Cruden for life
- SFC obtains disqualification order against former executive director of Tack Fiori International Group Limited
- Market Misconduct Tribunal bans Tiger Asia and Bill Hwang from trading securities in Hong Kong
- Market participants urged to comply with short position reporting
- SFC revokes licence of John David Lawrence and fines him $900,000
- SFC seeks court orders against former chairman and directors of Sinogreen
Regulatory News (Sep 2014)
/in Regulatory News /by Tony Chan- The Court of Final Appeal grants leave to Pacific Sun Advisors Limited and its director to appeal
- Court convicts two unlicensed dealers
- Court convicts unlicensed investment portfolio manager
- SFC welcomes re-appointment of its Chief Executive Officer
- SFC publishes consultation conclusions on amendments to professional investor regime and further consults on client agreement requirements
- SFC publishes annual review of SEHK’s performance in regulating listing matters
- SFC suspends Eric Shum Kam Chi for three years for sponsor failures
- New appointments to committees
- SFC commences proceedings against CITIC, its former chairman and executive directors
Regulatory News (Aug 2014)
/in Regulatory News /by Tony Chan- Revised Code on Real Estate Investment Trusts takes effect
- SFC concludes consultation on exemptions for disclosure obligations
- Roger Tsui Chi Fung banned for providing false information to SFC
- SFC issues supplemental consultation conclusions on regulation of IPO sponsors
- SFC issues first-quarter report
- SFC reprimands and fines Hung Lai Ping for managerial and supervisory failures
- SFC commences Market Misconduct Tribunal proceedings against former CEO of Water Oasis Group Limited
- SFC reprimands and fines Winnie Pang Wai Yan
- Court extends freezing injunction against Greencool’s former chairman
- SFC suspends Chan Hung Nin for 15 months
- Market manipulator fined and sentenced to community service
- SFC bans former broker Chan Yuk Hing for three years
- SFC bans Manesh Vijaykumar Samtani for life
Regulatory News (Jul 2014)
/in Regulatory News /by Tony Chan- SFC welcomes appointment of Non-Executive Directors
- SFC reprimands and fines Bright Smart Securities International (H.K.) Limited
- SFC revokes the licences of Union Securities Limited and its responsible officers Ma Kin Chung and Cheng Tai Ha, and bans both for life
- SFC publishes Consultation Conclusions on Amendments to the Code on Real Estate Investment Trusts
- Former licensee convicted of manipulating derivative warrants and callable bull/bear contracts
- Court freezes $1.2 billion Hisense Kelon shares in Greencool proceedings
- Joint HKMA-SFC consultation on mandatory reporting and related record keeping rules for OTC derivatives market
- SFC reprimands and fines Ping An of China Securities (Hong Kong) Company Limited $6 million over internal control failures
- SFC launches corporate regulation newsletter
- Fund management business continues to grow in 2013
- SFC bans Fa Kwan Lun for 12 months
- SFC revokes licence of Yip Wan Fung and bans her for life
- SFC suspends Wu Li Jun for six months