by Ashford Benjamin | Dec 11, 2018 | Uncategorized
On 6 December 2018, after extensive consultations with the industry, the Securities and Futures Commission (SFC) published its conclusions to its Consultation Paper on Proposed Amendments to the Code on Unit Trusts and Mutual Funds (UT Code). The revised UT Code is...
by Ashford Benjamin | Dec 4, 2018 | Uncategorized
The massive recent leakage of customer personal data by international airlines, along with other alarming data leakage incidents by social media platforms have once again put the issue of data protection in the spotlight. Data protection is the management and...
by Ashford Benjamin | Nov 30, 2018 | Uncategorized
On 19 October 2018, the SFC published the Conclusions to Further Consultation on Proposed General Changes to Update the Securities and Futures (Financial Resources) Rules (FRR) and gazetted the proposed FRR amendments. The one-month consultation, which was launched in...
by Ashford Benjamin | Nov 28, 2018 | Uncategorized
The SFC’s revised Fund Manager Code of Conduct (FMCC) came into effect on 17 November 2018. By this date, any SFC-licensed fund manager responsible for the overall operation of a fund (ROOF) should have completed review and enhancement of the fund’s offering and...
by Ashford Benjamin | Nov 26, 2018 | Uncategorized
New rules have been introduced in Hong Kong to shield retail investors from risks associated with investing in cryptoassets. The measures were outlined last week by the Securities and Futures Commission (SFC) in Hong Kong and will impact both fund managers and...
by Ashford Benjamin | Nov 20, 2018 | Uncategorized
The Hong Kong Securities & Futures Commission (SFC) today issued a statement and an accompanying circular setting out a new regulatory approach on virtual assets, referred to as a “digital representation of value” (encompassing “cryptocurrency”,...
