Fintech startups using the chatroom can now enter the regulatory sandbox without being required to have a bank partner, according to the Hong Kong Monetary Authority.
Tag: SFC – Securities and Futures Commission
HK regulators warn on sale of in-house products
Conflicts of interests arising from the sale of in-house products by fund distributors are on the radar of both the Hong Kong Monetary Authority and the Securities and Futures Commission.
SFC: Fee disclosure regs to support robo-advice
The Securities and Futures Commission’s recent decision to enhance fee disclosure may drive investors to use alternative distribution platforms, such as online or robo-advisory services, according to Christina Choi, SFC’s executive director for investment products division.
HK industry says no to fee-based model
A majority of the industry responding to the SFC’s proposal on “enhancing industry regulation” were against introducing the fee-based model in Hong Kong.
Former Citi RM slapped with 3-year ban
A former relationship manager at Citibank in Hong Kong was banned for impersonating a female client to make stock trades, according to Hong Kong’s Securities and Futures Commission.
SFC: More concern over discretionary mandates
Hong Kong’s regulator has identified additional concerns about firms engaged in managing private funds and discretionary accounts.
Research notes of the week – 31 July 2017
FSA presents a selection of research commentary released this week.
Former JPMorgan VP in HK disciplined by SFC
Fok Chi Kin, a vice president at JPMorgan Funds (JPF) until April 2016, was temporarily banned from re-entering the industry for transferring proprietary information and client data to a new employer.
HK regulator to require fee disclosure
Hong Kong’s Securities and Futures Commission will now require fund managers to disclose the ongoing charges figure (OCF) on their funds’ key facts statements (KFS), according to a circular from the regulator.
Ex-Citibank HK banker penalised for copy-and paste signature
A former Citibank senior personal banker in Hong Kong has been penalised for copy-pasting a client’s signature to deceive the bank into accepting the signature as genuine.
