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Regulatory News
SFC reprimands and fines Bright Smart Securities International (H.K.) Limited $2.8 million for internal control failures in monitoring suspicious trades
The Securities and Futures Commission (SFC) has reprimanded and fined Bright Smart Securities International (H.K.) Limited (BSSIHK) $2.8 million for failing to implement adequate and effective internal control procedures to monitor and detect wash trades conducted by its clients
Jul 31
SFC reprimands and fines China Industrial Securities International Asset Management Limited $6.8 million for failing to properly identify and address red flags in dubious arrangements and other...
The Securities and Futures Commission (SFC) has reprimanded and fined China Industrial Securities International Asset Management Limited (CISIAM) $6.8 million for failing to discharge its duties as the fund manager of a private fund (Fund) between August 2019 and September 2020 (
Jul 31
SFC reprimands and fines Luk Fook Securities (HK) Limited $2.1 million for inadequate cybersecurity control to fend off cyberattack
The Securities and Futures Commission (SFC) has reprimanded and fined Luk Fook Securities (HK) Limited (LFSHK) $2.1 million for failing to implement adequate and effective cybersecurity control measures, which might have contributed to its failure to withstand a ransomware attack
Jul 31
SFC issues restriction notice to broker to freeze assets of over $125 million linked to suspected IPO fraud
The Securities and Futures Commission (SFC) has issued a restriction notice to Futu Securities International (Hong Kong) Limited (Futu), prohibiting it from dealing with or processing assets of up to $125,247,000 in client accounts held by an entity suspected to be involved in a
Jul 31
The Association Urges the SFC to Optimise the CVAP Examination and Raises Concerns over Operating Costs under New VA Policies
On 3 July 2026, the Hong Kong Securities and Futures Professionals Association (the “Association”) visited the Legislative Council and held a meeting with Mr. Joseph Chan, Under Secretary for Financial Services and the Treasury, along with other secretaries, as well as regulatory
Jul 24
SFC mandates phishing-resistant authentication methods for internet brokers and VATPs to protect client accounts
The Securities and Futures Commission (SFC) today issued a circular requiring internet brokers and virtual asset trading platform operators (VATPs) to adopt phishing-resistant authentication methods for client login and device binding (Notes 1 and 2), amid the growing threat o...
Jul 10
SFC suspends Wong Tim Hi for nine months
The Securities and Futures Commission (SFC) has suspended the licence of Mr Wong Tim Hi (also known as Timmy Wong), a former licensed representative of Yuanta Securities (Hong Kong) Company Limited (Yuanta), for nine months from 3 July 2026 to 2 April 2027 (Note 1).
Jul 10
Joint announcement of the Hong Kong FIC Trading Platform
The People’s Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly welcomed the collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to develop ...
Jul 10
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