Page 51 - 期货和衍生品行业监管动态（2023年4月）

期货和衍生品行业监管动态

发牌或注册，否则不得经营该类受规管活动的业务，或显示自己经营该

类受规管活动的业务。

3. 《证券及期货事务监察委员会持牌人或注册人操守准则》（《操守准则》）

第 2 项一般原则（勤勉尽责）规定，取得牌照的主体应以适当的技能、
小心审慎和勤勉尽责的态度行事，以维护客户的最佳利益及确保市场廉

洁稳健。《操守准则》第 7 项一般原则（遵守法规）及第 12.1 段（合规

事宜：概论）规定，取得牌照的主体应遵守、实施及维持适当的措施，

以确保有关的监管规定获得遵守。

SFC Reprimands and Fines Ninety One Hong Kong Limited $1.4 Million for

Unlicensed Futures Trading (2023/4/12)

The Securities and Futures Commission (SFC) has reprimanded and fined Ninety

One Hong Kong Limited (NOHK) $1.4 million for dealing in futures contracts without

the required licence (Note 1).

The SFC found that between April 2014 and January 2020, NOHK executed 4,864

trades in futures contracts for portfolios managed by its three overseas affiliates without

the required licence, in breach of the SFO and the Code of Conduct (Notes 2 & 3).

In deciding the sanction, the SFC took into account that:

 there is no evidence to suggest that NOHK’s failure was intentional or deliberate;

 there is no evidence of any client loss as a result of NOHK’s futures trading
activities;

 NOHK reported the incident to the SFC shortly after identifying the suspected

breach and ceased its futures trading activities thereafter;

 NOHK cooperated with the SFC in resolving the SFC’s concerns; and

 NOHK has an otherwise clean disciplinary record.

Notes:

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