Events listed in [SFC] Securities and Futures Commission
SFC supports and sponsors the development of an industry-led voluntary code of ...
ID 25582
On October 31, 2023, the Securities and Futures Commission of Hong Kong (SFC) published a press release to inform that it will be supporting the development of a Voluntary Code of Conduct (VCoC) for Environmental, Social, and Governance (ESG) ratings and data product providers in Hong Kong. The VCoC is planned to be established by an industry-led working group, the *Hong Kong ESG Ratings ...
Circular on Clearing Amendment Rules
ID 25530
On October 27, 2023, the Securities and Futures Commission of Hong Kong (SFC) published a circular in view of the gazettal of the Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) (Amendment) Rules 2023 which are scheduled to come into force on July 1, 2024 once passed by the Legislative Council. To recall, the amendments to the ...
Circular on Disclosure / Use of Annualised Returns for Money Market Funds
ID 25494
On October 25, 2023, the Securities and Futures Commission of Hong Kong (SFC) issued a circular as regards the illustration of the annualized return in marketing material of money market mutual funds (MMFs). The circular was prompted by fund managers who inquired about an adequate disclosure of annualized returns that are based on periods shorter than one year as this issue is currently not ...
Circular on distributors providing additional returns and other services or ...
ID 25468
The Securities and Futures Commission (SFC) has issued a circular to address concerns about the practices of licensed corporations and intermediaries in offering SFC-authorized funds. The circular follows a recent review of such practices and startling observations in this context. For example, some distributors have been enticing clients with guaranteed returns and incentives that divert attention from understanding the risks of these funds. Some ...
Joint circular on intermediaries’ virtual asset-related activities
ID 25426
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have issued a joint circular addressed at financial market intermediaries engaged in virtual asset-related activities. The circular thereby provides guidance and updates on the regulatory approach for distributing virtual asset-related products (VA-related products) and providing virtual asset dealing services to investors. #### *The key issues addressed in the circular ...
Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and ...
ID 25343
On October 16, 2023, the Securities and Futures Commission of Hong Kong, SFC, published a circular addressed at licensed corporations and associated entities to inform of an upcoming webinar on (anti) money laundering and the combatting of the financing of terrorism. The webinar will be held on November 15, 2023 and November 16, 2023 between 14:30 and 17:30 each and will cover the following ...
SFC consults on market sounding guidelines
ID 25282
In view of the significance of market soundings in gauging the interest of investors and to ensure a level playing field of all parties involved, the Securities and Futures Commission of Hong Kong, SFC, has launched a consultation on proposed new guidelines for market soundings. The launch comes after a review of market conduct of involved intermediaries and the SFC’s concerns over inside information ...
HKPF and SFC establish joint working group on VATPs
ID 25212
Following the introduction of a new licensing regime for virtual asset service providers and recent investigations involving JPEX, an unregulated crypto-asset trading platform, the Securities and Futures Commission of Hong Kong (SFC) and the Hong Kong Police Force (HKPF) have launched a joint workforce („dedicated working group“) to „enhance collaboration in monitoring and investigating illegal activities related to virtual asset trading platforms (VATPs) ...
SFC publishes lists of virtual asset trading platforms
ID 25171
The Securities and Futures Commission of Hong Kong, SFC, has issued a press statement to inform that it has now released the previously announced lists (EventID 23115) of virtual asset trading platforms (VATPs) in an effort to ensure transparency and clear and timely dissemination of information to (potential) investors. These lists include the names and relevant dates of – licensed VATPs, – VATPs that ...
G.N. 5778 of 2023
ID 25155
Following the publication of a consultation conclusion paper by the Securities and Futures Commission of Hong Kong, SFC, on revisions to the Codes on Takeovers and Mergers and Share Buy-backs (EventID 23114), the revised version of the Codes was now officially gazetted via General Note (GN 5778) to be effective on September 29, 2023. For a detailed description of the enclosed changes in the ...