CFTC, Foreign Regulators Issue Joint Statement on OTC Derivatives

The U.S. Commodity and Futures Trading Commission (CFTC) issued a joint statement with foreign regulators today that outlines plans for cross-border rules. The joint statement was signed by regulatory leaders from Australia, Brazil, the European Union, Hong Kong, Japan, Canada, Singapore, and...

CFTC Inundated With Swap Rule Comments

As the comment period for a rule on the extraterritorial application of Dodd-Frank-mandated swap rules draws to a close, the CFTC is receiving a large volume of comments on the rule, the majority of them critical. Although the agency issued interpretive guidance on June 29 that waters down the rule by...

Hong Kong SFC and MA sidestep G-20 deadline

Hong Kong’s twin financial regulators, the Securities and Futures Commission (“SFC”) and the Monetary Authority (“MA”) , have refused to commit to finalizing over-the-counter derivatives reform by the G-20 deadline at the end of next year. In a joint consultation regarding...

Transition in turmoil at the Hong Kong SFC

The Hong Kong Securities and Futures Commission  (SFC) missed its deadline to appoint a new chief executive before its current leader, Martin Wheatley, moves on to a regulatory post in his native United Kingdom. SFC deputy chief Alexa Lam has been named interim CEO, and there has been no word from the...

Hong Kong SFC shows deficiencies in work of IPO sponsors

In its Report on Sponsor Theme Inspection Findings released this week, the Hong Kong Securities and Futures Commission (SFC) notes shortcomings in the work of some licensed corporations sponsoring initial public offerings (IPOs). The SFC has conducted an inspection on sponsors so as to assess the level of...

Citi Launches CitiFX Pro Trading Platform in UK

Citi has launched CitiFX Pro, its online foreign exchange trading platform for experienced individual and small institutional traders, in the United Kingdom. Following successful launches in the US, Hong Kong and elsewhere in Asia, CitiFX Pro is now available to UK traders who qualify as “professional...

Hong Kong-based retail trader acquitted of market manipulation

  The Eastern Magistracy today acquitted a retail trader, Mr Liang Lin, of one offence for false trading following a trial. The Securities and Futures Commission alleged that Liang intended to manipulate the price of shares in Cardlink Technology Group Limited (Cardlink). The Court heard that Liang, a...

SEO of the SFC pushes regulators and market participants to work together

Regulators and market participants should work together to identify appropriate solution to new regulatory issues accompanied by increasing competition in global markets, the Chief Executive Officer of the Securities and Futures Commission (SFC), Mr Martin Wheatley said. Speaking today at TradeTech Hong Kong...

SFC seeks disqualification orders against former senior executives of Sunlink International Holdings

The Securities and Futures Commission (SFC) has commenced proceedings in the High Court, seeking orders to disqualify Mr. Andy Wong Shu Wing, a former chairman and executive director of Sunlink International Holdings Ltd (Sunlink) and Mr. Lee Chak To, a former chief financial officer of Sunlink as company...

Courts Continue Support For SFC’s Enforcement of Insider Dealing Rules

The latest edition of the Enforcement Reporter, the official publication of Securities and Futures Commission (SFC), reports that the agency has successfully obtained further orders from the High Court to disqualify three company directors showing that directors who breach their obligations, commit...
Page 1 of 3123