SFC Enforcement Action And Investigative Powers

The SFC and Its Scope of Power

The Securities and Futures Commission (SFC) is an independent non-governmental statutory body whose authority is to regulate Hong Kong's financial markets. The Securities and Futures Ordinance (SFO)_came into operation in April 2003 and it contains civil and criminal provisions for dealing with financial misconduct. 

Commencement of SFC Enforcement Action

Pursuant to section 182 of the SFO, the SFC may conduct investigations into any matter relating to: 

1. any offences under the SFO;
2. defalcation, fraud or misconduct in connection with dealing in or managing an investment in securities, futures contract or leveraged foreign exchange contract;