.jpg)
The Securities and Futures Commission (SFC) today published its Quarterly Report summarising key developments from April to June 2016.
Among the highlights of the quarter was the launch of a joint public consultation by the SFC and Hong Kong Exchanges and Clearing Limited on proposed enhancements to The Stock Exchange of Hong Kong Limited’s (SEHK) decision-making and governance structure for listing regulation.
The SFC vetted 71 listing applications alongside SEHK under the dual filing regime during the quarter, a record high since the regime commenced in 2003. The total number of licensed corporations, individuals and registered institutions also reached a record high of 41,892 as of 30 June. Five corporations and three licensed representatives were disciplined during the period, resulting in total fines of $10.5 million.
In other highlights, the SFC issued a circular on effective liquidity risk management of funds and authorized a number of new investment products including three crude oil futures exchange-traded funds and four leveraged and inverse products.
On the global engagement front, the SFC’s Chief Executive Officer Mr Ashley Alder has been appointed as Chairman of the Board of the International Organization of Securities Commissions, and the SFC hosted the fourth Asia Pacific Takeovers Regulators Conference to discuss regulatory updates with representatives across the region.
The report is available on the SFC website under "Published resources> Corporate publications> Quarterly reports".
