Blackrock launching two MPF funds, Singapore’s UOB AM and T. Rowe Price rolling out a tech fund in Singapore; key APAC senior management changes at Australia’s AMP Capital; dwindling number of billionaires around the world; an institutional mandate for UK’s Prestige; Hong Kong and Singapore’s regulators penalising professionals for WeChat and spoofing; AIA names David Beckham as its global ambassador; NNIP’s positive outlook for Mongolia; etc…
Tag: Securities and Futures Commission
HK’s SFC freezes accounts in US Ponzi scheme
Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m US Ponzi scheme that invested in Brazilian and African gold mines.
SFC wants to widen definition of `professional investor’
Hong Kong’s Securities and Futures Commission is proposing to relax rules on determining whether a person is a HNW professional investor.
Bond fund assets in HK up 5% in 2016
Bond fund assets in Hong Kong increased while equity fund assets declined, according to the Securities and Futures Commission’s latest report.
SFC bans jailed ex-HSBC wealth manager for life
The Securities and Futures Commission has banned Li Lee from re-entering the industry for life for making false claims to her former employer, HSBC.
HK regulator fines Value Partners HK$4m
Hong Kong’s Securities and Futures Commission said two Value Partners funds issued shares exceeding the authorised limit and the firm did not report the incident in a timely manner.
HK’s SFC clarifies governance rules
Some financial firms do not appoint their most senior managers as responsible officers, according to Julia Leung, the SFC’s executive director for intermediaries.
HK signs cross-border cooperation agreement with the US
Hong Kong’s Securities and Futures Commission has entered into a memorandum of understanding on cross-border cooperation with the US Securities and Exchange Commission.
HK allows broader use of indices for L&I ETFs
Starting January 9, issuers can apply for listings of leveraged and inverse ETFs tracking all broad-based indices except mainland China- related indices, Hong Kong’s Securities and Futures Commission said.
SFC sets new rules for senior management oversight
Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC) on Friday.
