Individuals

Taking enforcement action against individuals has long been a priority for the FCA in the UK, as well as regulators across the globe. Read Allen & Overy’s thoughts on this topic below.

The Hong Kong “Manager In Charge” regime – a new approach?

Matt Bower

This blog post was co-authored by Charlotte Robins, a financial services and regulatory partner based in Hong Kong.  On 16 December 2016, the Securities and Futures Commission (SFC) published a ‘Circular to Licensed Corporations Regarding Measures for Augmenting the Accountability of Senior Management’ (Circular) together with associated Frequently Asked Questions. The SFC did so to Read More

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Holding out? Don’t even think about it…

Will Yip

Recent decisions of the Hong Kong Court of Final Appeal (CFA) and lower courts in Securities and Futures Commission and C.L. Management Services Limited and Another concerning convictions under the Securities and Futures Ordinance (SFO) are notable as making it easier for the Securities and Futures Commission (SFC) to pursue unlicensed activity. The decisions also Read More

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Whistleblower Annual Report: SEC’s Whistleblower Program Continues to have a ‘Transformative Effect’

Kurt Wolfe

The SEC’s Office of the Whistleblower recently released its 2016 Annual Report to Congress. In it, the Chief of the Whistleblower Office touted the ‘transformative effect the SEC’s whistleblower program has had on the agency’s enforcement program’. And, by all accounts, it was indeed a banner year for the Whistleblower Office. According to the Annual Read More

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Hong Kong SFC Investigation Priorities

Ryan Middlemas

A recent speech by Thomas Atkinson, the new Director of Enforcement for the Securities and Futures Commission (SFC), may herald changes to the SFC’s enforcement priorities. The SFC has also announced that it would be conducting a comprehensive review of its investigation processes in response to independent criticism. What does that mean for the enforcement Read More

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SEC Whistleblower Update

Kurt Wolfe

There have been several noteworthy developments at the U.S. Securities and Exchange Commission’s Office of the Whistleblower over the last several weeks.[i] To summarize, recent developments underscore the whistleblower program’s success at attracting tips; highlight its continuing appeal to whistleblowers who live outside the United States; and demonstrate the SEC’s commitment to curb retaliation against Read More

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