The Securities and Futures Commission (SFC) notes that the Independent Commission Against Corruption (ICAC) has today charged a former SFC manager with obtaining access to a computer with a view to dishonest gain. The charges follow a joint investigation between the SFC and the ICAC. The employment of the staff member concerned was terminated immediately after her arrest, and the SFC has fully cooperated with the ICAC throughout the investigation.
Protecting highly confidential regulatory information and enforcing strict controls over internal system access are core institutional responsibilities for the SFC. The SFC has undertaken an ongoing comprehensive review of the risks and internal governance issues highlighted by the case.
Consistent with the regulatory requirements we impose on those whom we regulate, we hold our staff to the highest standards of integrity, professional conduct, and confidentiality, and maintain a zero-tolerance policy against any form of misconduct.
As court proceedings and related investigations remain active, the SFC is unable to comment further on the specifics of the case.
