監管及合規

一名執行董事及多名非執行董事最近獲市場失當行為審裁處(「審裁處」)裁定,沒有散發虛假或具誤導性的資料,因而並無干犯市場失當行為;這項裁決與證監會的指稱不相符。 審裁處在日期為2016年12月29日的報告書中,報告審裁處個別地就每名指定人士得出的結論;審裁處裁定某指定人士負有疏忽或罔顧事實的罪責,不一定是因為該人已確實知悉有人欺詐。 背景 格林柯爾科技控股有限公司(「格林柯爾」)...
五月 2017
香港市場現正面對內地私營企業紛紛來港上市,以致有人在創業板「種殼」及創業板股價波動。監管機構已經採取措施處理這些問題,並引入問責制以加強保護市場和投資者。措施包括以下幾項。 1. 港交所與證監會的上市規則 2016年,證券及期貨事務監察委員會(「證監會」)與香港交易及結算所有限公司(「港交所」)發布《有關建議改善香港聯合交易所有限公司(「聯交所」)...
五月 2017
Better access to licensing information held by Hong Kong's Securities and Futures Commission ("SFC") will make life easier for compliance and legal staff at the territory's banking and...
五月 2017
Asia's private banking sector is one main area where the Markets in Financial Instruments Directive ("MiFID II") will see the biggest impact, said consultants.  MiFID II is a EU...
五月 2017
Hong Kong's securities regulator said on 27 April it would take "a hard look" into pledging of shares for loans, such as in the case of China Huishan Dairy Holdings Co Ltd which last month saw a...
五月 2017
Hong Kong's securities and banking regulators have issued a joint consultation proposing certain carve-outs from requirements under the over-the-counter ("OTC") derivatives regulatory regime....
五月 2017
In a recent speech, Ashley Alder, chief executive of the Securities and Futures Commission ("SFC"), discussed how the regulator tackles market risks across its operations. He also described a...
五月 2017
The Hong Kong government, along with the territory's three major financial regulators, released a final report on Thursday, 6 April following a public consultation on the local...
四月 2017
The launch of the manager-in-charge ("MIC") regime in Hong Kong in two weeks has sparked concerns about whether other Asian jurisdictions will introduce similar rules. The MIC regime...
四月 2017
A period of severe turmoil is facing the securities research industry as a regulatory overhaul threatens the way investment research is done. Online portals, in particular, are set to gain market...
四月 2017
Sapin II places significant obligations on large companies to implement anti-corruption compliance controls. Failure to have an effective compliance programme in place, regardless of whether...
四月 2017
As has been widely reported in the media, the Competition Commission ("CC") announced on 26 March that it has, for the first time, commenced proceedings in the Competition Tribunal ("CT"). In a long-...
四月 2017
The Hong Kong Monetary Authority ("HKMA") will set up a resolution office on 1 April, as part of the regulator's plan to ensure the Hong Kong resolution regime is...
三月 2017
Hong Kong's Securities and Futures Commission ("SFC") has announced that it will implement proposed changes to the position limit regime in the territory, following a consultation on the matter...
三月 2017
Recently proposed amendments to Hong Kong's professional investor regime should benefit compliance and legal professionals since they reflect evolving market practice, industry officials...
三月 2017
The Securities and Futures Commission ("SFC") has fined BOCOM International (Asia) ("BIAL") HK$15 million for failure to discharge its duty as a sponsor in relation to the attempted listing of a...
三月 2017
The risk-based approach to anti-money laundering and know-your-customer compliance is not without its problems, especially in the context of client onboarding and transaction monitoring, a senior...
三月 2017
「白宮」有易主之時,「青瓦台」也有,新任總統遷入,舊任總統遷出,各自走上自己的路,體現名曲My Way所寄之意。香港證券及期貨事務監察委員會也有自己上路,獨闢蹊徑做事的時候――在打擊市場失當行為一類活動方面,更是如此。 (現時來說)沒有比證監會最近根據「第213條」提起的民事法律訴訟(「213條民事訴訟」)更能說明這個情況。這次,證監會就某些事件針對中國森林控股有限公司、該公司其中兩名共同創辦人...
三月 2017
Asian banks are far from ready for implementation of the International Financial Reporting Standard 9 ("IFRS9") unless local banking regulators are able to ascertain how impairment will be treated...
三月 2017
Hong Kong’s forthcoming “manager-in-charge” regime will likely increase the risk of the Securities and Futures Commission (“SFC”) taking enforcement action against senior managers, given the personal...
二月 2017