From 1 January next year providers seeking regulatory approval to launch new products, including ILAS, in Hong Kong will have only six months to complete the application process before data has to be re-submitted and they lose their application fee.
The Securities and Futures Commission has confirmed Hong Kong is one of 80 countries globally currently in negotiations with the US over its controversial FATCA law.
The Securities and Futures Commission in Hong Kong has signed a memorandum of understanding with European authorities on the supervision of alternative investment fund managers.
Hong Kong’s main financial regulator has hit back at the territory’s top prosecutor who said the SFC should be stripped of its power to prosecute.
Hong Kong’s financial regulator the Securities and Futures Commission has reprimanded investment company A One for failing to prevent a fraudulent transaction of client funds slapping it with a HK$1.2m ($155K, £163K) fine and suspending one of its responsible officers.
The number of licensed intermediary companies in Hong Kong reached a record high this year, according to figures from the local regulator’s annual review.
Hedge fund assets under management in Hong Kong have increased by more than a third over the past two years, according to a survey released by the HK Securities and Futures Commission.
Pacific Sun Advisors and its director Andrew Pieter Mantel have been acquitted over four counts of issuing advertisements to promote a collective investment scheme without the authorization of the Securities and Futures Commission (SFC).
The securities regulator's plan to tighten the rules on investment-linked insurance products is more an opportunity than a threat, Friends Provident International’s Hong Kong based general manager has told the South China Morning Post.
Morgan Stanley has again been chastised by Hong Kong’s City watchdog, with one of its researchers receiving a 14-month industry ban.
An insurance company and one of its directors in Hong Kong have been acquitted of aiding and abetting unlicensed sales of an investment fund.
A former assistant director of finance at CITIC Pacific, a Hong Kong based property and mining company, has been jailed and fined for insider dealing.
