RBS fined in second regulatory reprimand
The Royal Bank of Scotland (RBS) has been fined and received its second regulatory reprimand in less than one month after it was found guilty of misconduct in Hong Kong.
SFC
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victoire asia gets regulatory ok to start hk ops
Victoire Asia Investments, a specialist fund management company, has received the permission from the Hong Kong’s Securities and Futures Commission to start its business in the country.
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hk government starts consultation for open
The Hong Kong government has begun a three-month consultation for introducing open-ended fund company structures (OFCs).
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Hong Kong regulator waives fees
The Hong Kong capital market regulator has waived the annual licensing fees for another two years, and says it sees this move benefitting 39,000 intermediaries.
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mng investments receives hk license
M&G Investments, a subsidiary of UK’s Prudential, has received a license from Hong Kong’s capital market regulator to expand its marketing activities to professional investors.
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Open ended fund structure planned for Hong Kong
The Hong Kong government has announced measures to boost the development of the local asset management industry.
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former ing asia employee life ban
Hong Kong’s Securities and Futures Commission has banned a former employee of ING Asia Private Bank from re-entering the industry for life.
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former hsbc employee banned for deceiving
The Securities and Futures Commission has banned a former HSBC relationship manager from re-entering the industry for life.
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sfc reminds firms on compliance norms
Hong Kong’s Securities and Futures Commission has reminded all licensed firms to ensure compliance with regulations of both local and other jurisdictions while conducting cross-border business activities.
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sfc to widen investment scope for reits
Hong Kong’s Securities and Futures Commission has begun a public consultation on plans to amend its real estate investment trust rules to create greater investment flexibility.
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pacific sun advisors and director see acquittals
Hong Kongs Court of First Instance has overturned the acquittals of Pacific Sun Advisors and its director Andrew Mantel after the city’s financial watchdog successfully argued it was based on legal errors.
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risk and risk mitigation high on executives
Senior executives of global systemically important financial institutions (G-SIFIs) have shown a high degree of awareness regarding the importance of improving risk governance and risk culture following the 2008 global financial crisis, according to a new report.