Tag archives: Securities and Futures Commission

Hong Kong SFC Launches Review on Brokers’ Internet and Mobile Trading Systems

Photo of Anna GamvrosPhoto of Ruby Kwok (HK)By Anna Gamvros and Ruby Kwok (HK) on Posted in Compliance and risk management, Regulatory response
Data Protection Report - Norton Rose FulbrightThe Hong Kong Securities and Futures Commission (SFC) has launched a new cybersecurity review to assess the cybersecurity preparedness, compliance and resilience of brokers’ internet and mobile trading systems. This follows the increasing number of security incidents in which customers’ internet and mobile trading accounts were hacked, including 16 incidents involving seven securities brokers and unauthorized trades in excess … Continue reading

Hong Kong Regulators Step up Enforcement on Personal Data Protection

Photo of Anna GamvrosPhoto of Ruby Kwok (HK)By Anna Gamvros and Ruby Kwok (HK) on Posted in Regulatory response
Data Protection Report - Norton Rose FulbrightOver the past month, Hong Kong Courts and the Securities and Futures Commission (“SFC”) have taken action under the Personal Data (Privacy) Ordinance (“PDPO”) against an insurance agent, a marketing company and a licensed individual for improper handling of personal data, resulting in a Community Service Order, a fine, and an SFC disciplinary action. These … Continue reading
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