Hong Kong and Singapore market misconduct risks and regulation

In the course of the past week, the market has witnessed a volatile series of events relating to the Gamestop Saga, and many hedge funds and non-bank equity trading firms have now come under the regulatory spotlight. In Asia, the Monetary Authority of Singapore and the Singapore Exchange RegCo also announced that they are closely monitoring market activities for signs of false trading or other forms of misconduct.

In Hong Kong the Securities and Futures Commission has made clear that there is more than potential market misconduct at play. Its statement on market volatility is focussed on the conduct of private banks and other intermediaries facilitating customer trades in highly volatile stocks. It closes the statement with the admonition that the “SFC will not hesitate to take regulatory action if there is evidence that intermediaries are not acting in the best interests of their clients”.

Hear from our team as they discuss key regulatory and practical considerations for hedge funds and other financial institutions arising from the recent events.

Time: 10.30-11am HKT/SGT

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