The voluntary code will be designed to mitigate greenwashing risks.
Yet, there was no evidence that suggests it was intentional, said the Securities and Futures Commission.
Rival UBS has agreed to buy the embattled investment bank for more than $3bn.
The net asset value of all asset classes also increased during the fourth quarter, according to the Securities and Futures Commission.
It failed to monitor record keeping and trading activities in discretionary accounts.
Structured products continued to be the predominant product sold, SFC and HKMA data show.
Non-profit body wants to see the common ground taxonomy more commonly applied to ESG funds.
The layoffs were made after a strategic review to enhance efficiency, said the fund manager.
Fixed income funds domiciled in Hong Kong lost one-third of assets year-over-year, according to data from the market’s watchdog.
Ashley Adler spent decades at top City law firm much like his predecessor Charles Randell.