This Sidley Newsletter addresses the following developments in the regulation of Hong Kong’s financial markets:
- The Securities and Futures Commission imposes stiff penalties for delayed reports of misconduct.
- The Securities and Futures Appeals Tribunal (SFAT) declines to shift blame up to senior management or down toward employees in regards to responsible officers.
- SFAT also upheld investors’ rights to mediate eligible claims against investment advisers.
The Newsletter also provides an analysis of current enforcement trends and practical tips for market participants.
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