regulatory

24Jan2018

Legal update: SFC bans former Investment Counsellor for taking confidential client lists

The Securities and Futures Commission (“SFC”) announced on 22 January 2018 that under section 196(1)(iii) of the Securities and Futures Ordinance (“SFO”) it has banned former DBS Bank employee Mr Chan Wai-Nun from re-entering the industry for a period of 6 months, on the grounds…Read More

15Jan2018

Edmond Leung to speak at TTN Hong Kong Tax Conference

Partner Edmond Leung will be speaking at this year’s Transnational Tax Network Hong Kong Tax Conference. Held at The Park Lane Hotel in Causeway Bay on 5 February, the Conference is one of three worldwide conferences that TTN is hosting this year, with Miami and…Read More

14Nov2017

Legal update: Court of Appeal upholds insider dealing and fraud decision in favour of SFC against two solicitors

Case background On 9 November 2017, the Court of Appeal (“CA”) dismissed the appeal by a solicitor, Eric Lee, and Eric’s two sisters, Patsy Lee and Stella Lee, against the judgment by the Court of First Instance (“CFI”) finding them guilty of insider dealing and…Read More

18Oct2017

SFC announces full roll-out of Manager-In-Charge regime

In January this year, we wrote about upcoming changes to the Manager-In-Charge Regime. It was announced then that Managers-In-Charge (MIC) of eight core functions should have applied for approval to become Responsible Officers (ROs) by 16 October 2017. In addition, licensed corporations and corporate licence…Read More

12Oct2017

Legal update: SFC bans investment consultant for four months for taking client orders on an unrecorded mobile phone

The Securities and Futures Commission announced yesterday that Mr Xu Tao, a former investment consultant of China International Capital Corporation Hong Kong Securities Limited (CICC), has been banned from trading for four months. Mr Tao had used his mobile phone and WeChat messaging application to…Read More