SFC
Hong Kong looks to boost Islamic finance
Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors.
Pacific Sun lodges appeal with Hong Kong regulator
Andrew Mantel, the director of Pacific Sun Advisors, has lodged an appeal against his conviction for advertising a mutual fund to investors without regulatory permission in Hong Kong.
Pacific Sun Advisors director convicted
Pacific Sun Advisors and its director, Andrew Mantel, have been convicted of issuing advertisements to promote a fund without the authorisation of the Hong Kong Securities and Futures Commission.
SFC fines Deutsche Bank
Hong Kongs Securities and Futures Commission (SFC) has reprimanded and fined Deutsche Bank HK$1.6m for regulatory breaches and internal control failings.
Future of portfolio bonds is unclear
Hong Kongs insurance and securities industry regulators are reported to be considering whether to introduce new restrictions on the sale of open architecture investment products, including so-called personal portfolio bonds (PPBs), market sources there say.