SFC
ETF Securities drops Hong Kong asset management licence
UK-based ETF Securities has decided not to renew its asset management licence in Hong Kong, following a number of high-profile delistings in city last year.
Value Partners fined HK$4m for regulatory breaches
The Hong Kong Securities and Futures Commission (SFC) has fined asset manager Value Partners and its subsidiary Value Partners Hong Kong HK$4m (£412,479, $515,644, €479,669) for breaching regulations in the management of two SFC-authorised funds.
Senior managers must be held more accountable, says HK regulator
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).
Hong Kong regulator ramps up disciplinary action
Disciplinary action taken by Hong Kong’s Securities and Futures Commission (SFC) kicked up a gear during 1H16, rising 66.7% from last year.
Hong Kong and Switzerland sign mutual fund recognition deal
Switzerland and Hong Kong have signed a deal which will allow eligible mutual funds to be distributed in each other’s markets through a streamlined vetting process.