A licensed dealer’s message “let’s talk here, email monitored” resulted in a three-month suspension by Hong Kong’s Securities and Futures Commission.
Category: Regulation
HK milestone: First funds approved for sale through MRF
Here are the four Mainland funds that are the first to be approved by the SFC for public offering in Hong Kong through the Mutual Recognition of Funds initiative.
Hong Kong to hold financial advisers liable
Financial intermediaries in Hong Kong will be liable for client damages claims if it is found that they have sold or recommended a financial product that is not reasonably suitable.
Report: HK must expand distribution channels
The concentration of fund distribution channels in the banking sector could hamper Hong Kong’s ambition of becoming the world’s leading fund distribution centre, according to an official report.
HK joins in lightening of dark pools
Hong Kong’s ban on retail investors in dark pools will limit the anonymous trading platforms to institutional investors and portfolio managers, which is a good thing, according to Liquidnet.
China pledges to support services sector
China’s State Council has promised to strengthen support for consumer services in its first policy targeting the sector.
IMAS unveils fund risk guidelines
The Investment Management Association of Singapore has released a set of guidelines for fund management firms to better understand the potential risks of the products they sell.
Head of research banned for 15 years
Hong Kong’s regulator has put a 15-year ban on Gong Yue Yue, a former head of research for Orient Securities Hong Kong, for accepting a bribe.
Thailand plans fund rule revision
Thailand has proposed revising the rules to ensure only accredited investors – such as high net worth individuals – with matching risk profiles are eligible to invest in high risk mutual funds.
Interest in Bond Connect with China grows
Exchanges in Hong Kong and Russia are each firming up their own plans for separate Bond Connect initiatives with China.
