Search Results for: Securities and Futures Commission (SFC)
Regulators release conclusions on the OTC derivatives regulatory regime
June 28th, 2017
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today published conclusions on a joint consultation paper which proposed adjusting the scope of “OTC derivative product” under the over-the-counter (OTC) derivatives regulatory regime (Note 1). ...
Forex provider restricted to carry on all activities for which it is licensed
June 13th, 2017
The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it ...
SFC consults on proposals to reduce hacking risks in internet trading
May 9th, 2017
The Securities and Futures Commission (SFC) today launched a two-month consultation on proposals to reduce and mitigate hacking risks associated with internet trading (Note 1). The proposals incorporate new guidelines (Note 2) which set out baseline cybersecurity requirements for ...
Beware of unauthorised providers of financial services
May 8th, 2017
The financial regulatory authorities of UK (Financial Conduct Authority – FCA) and Honk Kong (Securities and Futures Commission – SFC) have issued warnings to inform investors and public about unauthorized providers of financial services. According FCA’s warning, the Authority believes ...
SFC warns about Juno Markets
April 19th, 2017
The Securities and Futures Commission (SFC), Hong Kong financial regulator, has updated its “Alert List” adding Juno Markets / Juno Markets Limited. SFC released the below details for Juno Markets: Juno Markets / Juno Markets Limited Type: Unlicensed entities ...
Hong Kong police struggle to stop brokerage hacking spree
February 16th, 2017
Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year. Although the money involved was small – only about $20 million ...
SFC withdraws Restriction Notice issued to a broker in connection with client’s suspected insider dealing
February 14th, 2017
The Securities and Futures Commission (SFC) has withdrawn the Restriction Notice issued to Kingsway Financial Services Group Limited (KFS) in connection with a client account that holds proceeds of suspected insider dealing in the shares of TeleEye Holdings Limited ...
SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
January 20th, 2017
The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate ...
SFC added iCoption on its Alert List
January 10th, 2017
The Securities and Futures Commission (SFC), Hong Kong financial regulator, has updated its “Alert List” adding iCoption. The Alert List is a list of entities which have come to the attention of the SFC because they are unlicensed in ...
SFC bans former financial planning manager
January 9th, 2017
The Securities and Futures Commission (SFC) has prohibited Mr Choi Siu Ki, a former financial planning manager of Dah Sing Bank Limited, from re-entering the industry for nine months from 7 January 2017 to 6 October 2017 for forging ...
