Sidley Austin is pleased to distribute this issue of the Hong Kong Regulatory Newsletter. This publication provides updates on the latest regulatory developments and enforcement trends that affect entities that conduct regulated activities in Hong Kong.
In this issue:
- SFAT signals a (new) sterner approach for disciplinary misconduct, warns fines to be more severe than the “cost of doing business”
- Short sellers face hefty fines for undisclosed short positions
- Strict adherence to client assets segregation rules now required of licensed entities
- SFC cracks down on unlicensed Bitcoin exchanges and ICOs
The newsletter also notes the SFC’s shift in regulatory and supervisory priorities focusing on the asset management sector.
Sidley Austin LLP provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship. Readers should not act upon this information without seeking advice from professional advisers.
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