Credit Suisse has been fined HK$2.8m (US$358,000) for failing to comply with disclosure requirements for certain research reports it published, according to a statement from the Securities and Futures Commission (SFC).
Tag: SFC – Securities and Futures Commission
Hong Kong and Netherlands sign MRF agreement
The Securities and Futures Commission (SFC) and the Dutch Authority for Financial Markets (AFM) have entered into a memorandum of understanding (MoU) on mutual recognition of funds (MRF).
Hong Kong demands transparency on ESG claims
To combat greenwashing, funds with ESG mandates are required to show how they include environment, social and governance factors in the investment approach, according to the SFC.
SFC to minimize greenwashing in ESG funds
The Hong Kong regulator will begin by carrying out a survey to find out how asset managers integrate ESG factors into their investment process, according to Ashley Alder, the SFC’s CEO.
SFC extends ‘complex product’ regs deadline
The original deadline in April has not given much time for distributors and fund managers to implement changes.
Hong Kong mutual fund assets shrink
Weak markets and worsening sentiment took their toll on Hong Kong’s investors last year, according to figures from the Securities and Futures Commission (SFC).
Hong Kong to extend MRF to Luxembourg
Hong Kong’s Securities and Futures Commission and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) have signed an a memorandum of understanding on the mutual recognition of funds scheme.
Mainland firms drive HK product sales
Collective investment schemes or mutual funds sales rose 84% to HK$101bn ($12.92bn) from April 2017-March 2018, nearly double the HK$55bn in 2016.
SFC working to widen fund distribution
The Securities and Futures Commission said it is working on diversifying fund distribution channels, which have been dominated by banks.
‘Complex product’ regs could limit HK distribution
Some distributors in Hong Kong may avoid ‘complex products’ because of the added risk of being non-compliant, according to Rolfe Hayden, a partner at law firm Simmons & Simmons.
