Regulatory Alerts2016-09-30
Added · Updated
Guideline on Exercising Disciplinary Power to Order a Pecuniary Penalty under Section 203C(1) of the Securities and Futures Ordinance
The Hong Kong Monetary Authority issued this guideline to clarify the exercise of disciplinary powers to impose pecuniary penalties under Section 203C(1) of the Securities and Futures Ordinance. It specifically addresses enforcement actions within the Over-the-Counter Derivatives Regime and applies to all Authorized Institutions. The document establishes the framework and criteria for determining financial penalties in response to regulatory breaches.
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