Hong Kong Fines HSBC over Disclosure Failures

Hong Kong fines HSBC over disclosure failures

HONG KONG: Hong Kong regulators on Tuesday fined banking giant HSBC over disclosure breaches, after it failed to properly outline its relationship with companies it covered in thousands of research reports for almost a decade. © New Straits Times Press (M) Bhd

SFC fines HSBC for breaching disclosure requirements over 8-year period

Regulator: bank reprimanded because it failed to disclose investment banking relationships with firms covered in some research reports.

HSBC penalised HK$4.2m for research report breaches

The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) HK$4.2m after uncovering disclosure failures in thousands of research reports on Hong Kong-listed securities spanning eight years. The fine followed a joint investigation by the SFC and the Hong Kong Monetary Authority (HKMA) after HSBC self-reported the issue. Regulators found HSBC had failed to disclose, or disclos…

HSBC Fined HK$4.2M Over Disclosure Breaches in Research Reports - Fintech Hong Kong

The Securities and Futures Commission (SFC) has reprimanded and imposed a fine of HK$4.2 million on HSBC for breaching disclosure requirements in research reports on Hong Kong-listed securities over an eight-year period. Following a self-report by HSBC, the Hong Kong Monetary Authority (HKMA), in collaboration with the SFC, conducted an investigation. The regulators found that HSBC had failed to disclose, or had made inaccurate disclosures regar…

HSBC fined $4.2 million by Hong Kong regulators over disclosure failure

HSBC, opens new tab has been fined HK$4.2 million ($537,683) by Hong Kong regulators over disclosure failures, the regulators said on Tuesday. The bank failed to properly disclose investment banking relationships with Hong Kong-listed companies in more than 4,200 research reports published between 2013 and 2021, the regulators said. The fine is a result of […]

SFC fines HSBC HK$4.2m over disclosure failures

The Securities and Futures Commission (SFC) on Tuesday reprimanded HSBC and fined the bank more than HK$4 million for br...