Dealing in futures contracts sfc
The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license. #efgbank #hongkong In a busy Christmas week of disciplinary activity, the SFC reprimanded and fined Fidelity Investment Management (Hong Kong) HK$3.5m ($450,000) for unlicensed dealing in futures contracts and a delay in reporting the breach to the regulator, as well as submitting incorrect information during a fund application a cold shoulder order – that a person shall not, without the leave of the Court of First Instance, in Hong Kong, directly or indirectly, deal in any securities, futures contract or leveraged foreign exchange contract, or an interest in any of them or a collective investment scheme for up to 5 years; By law, any person carrying on a business of dealing in securities, or carrying on a business of dealing in futures contracts in Hong Kong, has to be licensed by the SFC or fall within one of the licensing exemptions. Futures Contract: A futures contract is a legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a in Hong Kong are required to apply for the relevant type of RA licence from the Securities and Futures Commission (“SFC”). The SFC is the regulator empowered by the Securities and Futures Ordinance (“SFO”)to oversee such Type 2 Dealing in futures contracts Type 3 Leveraged foreign exchange trading Type 4 Advising on securities Type
a cold shoulder order – that a person shall not, without the leave of the Court of First Instance, in Hong Kong, directly or indirectly, deal in any securities, futures contract or leveraged foreign exchange contract, or an interest in any of them or a collective investment scheme for up to 5 years;
The SFO is administered by the Securities and Futures Commission (the ‘SFC’). 2. ‘SINGLE LICENCE’ REGIME. Part V of the SFO establishes a ‘single licence’ regime whereby a person requires only one licence or registration to conduct different types of regulated activities. Incident 1 - Dealing in Futures Contracts without a Type 2 Licence. On 10 August 2018, FIMHK reported to the SFC that it had conducted the regulated activity of dealing in futures contracts from August 2007 to July 2018 (Relevant Period) without a Type 2 (dealing in futures contracts) licence (Incident 1). The Licensing Regime under The Securities and Futures Ordinance disclosure-interests-b, financial-securities-a, DEALING IN FUTURES CONTRACTS in relation to listing rules made by the Hong Kong Stock Exchange or the SFC or the Code on Takeovers, Mergers and Share Repurchases; The Securities And Futures Commission (SFC) is a non-governmental statutory body responsible for regulating Hong Kong's securities and futures markets.The SFC was established by the Securities and The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license. #efgbank #hongkong In a busy Christmas week of disciplinary activity, the SFC reprimanded and fined Fidelity Investment Management (Hong Kong) HK$3.5m ($450,000) for unlicensed dealing in futures contracts and a delay in reporting the breach to the regulator, as well as submitting incorrect information during a fund application a cold shoulder order – that a person shall not, without the leave of the Court of First Instance, in Hong Kong, directly or indirectly, deal in any securities, futures contract or leveraged foreign exchange contract, or an interest in any of them or a collective investment scheme for up to 5 years;
In a busy Christmas week of disciplinary activity, the SFC reprimanded and fined Fidelity Investment Management (Hong Kong) HK$3.5m ($450,000) for unlicensed dealing in futures contracts and a delay in reporting the breach to the regulator, as well as submitting incorrect information during a fund application
6 Nov 2018 SFC-licensed asset managers and fund distributors should only sell virtual of virtual asset funds must be licensed for Type 1 regulated activity (dealing in “ securities” or “futures contracts” (non-SF virtual assets) cannot be 15 Jan 2018 Hong Kong's Securities and Futures Commission has fined EFG Bank HK$2m ( US$255640) for dealing in futures contracts relating to offshore listed The SFC said that it is of the opinion that EFG Bank's failure to ensure
Dealing in securities; Dealing in futures contracts; Leveraged foreign exchange The applicant must satisfy the Fit and Proper Criteria set out by the SFC.
The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license. #efgbank #hongkong In a busy Christmas week of disciplinary activity, the SFC reprimanded and fined Fidelity Investment Management (Hong Kong) HK$3.5m ($450,000) for unlicensed dealing in futures contracts and a delay in reporting the breach to the regulator, as well as submitting incorrect information during a fund application a cold shoulder order – that a person shall not, without the leave of the Court of First Instance, in Hong Kong, directly or indirectly, deal in any securities, futures contract or leveraged foreign exchange contract, or an interest in any of them or a collective investment scheme for up to 5 years; By law, any person carrying on a business of dealing in securities, or carrying on a business of dealing in futures contracts in Hong Kong, has to be licensed by the SFC or fall within one of the licensing exemptions. Futures Contract: A futures contract is a legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a in Hong Kong are required to apply for the relevant type of RA licence from the Securities and Futures Commission (“SFC”). The SFC is the regulator empowered by the Securities and Futures Ordinance (“SFO”)to oversee such Type 2 Dealing in futures contracts Type 3 Leveraged foreign exchange trading Type 4 Advising on securities Type This page shows the historic number of SFC licensees for a firm. Licensees are either Responsible Officers (ROs) or Representatives (Reps). When Activity is set to "All", we treat a person who holds both roles (in different activities) as an RO. The Reps v total is a measure of how bottom-heavy a firm is, because the ROs are supposed to
You are licensed for Type 2 regulated activity (dealing in futures contracts) and you wish to carry out Type 5 (advising on futures contracts) and/or Type 9 (asset management) regulated activity. You do not need to be licensed for Types 5 and 9 provided that these activities are carried out wholly incidental to your futures dealing business.
The SFC notes that marketing a fund that invests in Bitcoin Futures would normally be regarded as Type 1 regulated activity (dealing in securities), while managing such a fund may constitute Type 9 regulated activity (asset management). The Licensing Regime under The Securities and Futures Ordinance disclosure-interests-b, financial-securities-a, DEALING IN FUTURES CONTRACTS in relation to listing rules made by the Hong Kong Stock Exchange or the SFC or the Code on Takeovers, Mergers and Share Repurchases; The principal legislation dealing with the licensing of licensed corporations and persons accredited to them is the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (“SFO”) which is administered by the SFC. The SFC also publishes a number of codes and guidance in relation
30 Jul 2018 Type 2 : dealing in futures contracts;. Type 3 : leveraged foreign exchange trading;. Type 4 : advising on securities;. Type 5 : advising on futures Type 1 (dealing in securities) and Type 2 (dealing in futures contracts) regulated activity both CHI was not registered or in any way licensed by the SFC. The Market Misconduct Tribunal is an independent body in Hong Kong which is established under the Securities and Futures Ordinance (Cap. Market misconduct includes insider dealing, false trading, price rigging, stock market of false or misleading information inducing transactions in securities and futures contracts. Not all investment advisers in Hong Kong are supervised by the SFC. Type 1 ( dealing in securities) or Type 2 (dealing in futures contracts) regulated activity.