SFC Fines Schroder Investment Management $1.8M For Disclosure Failures

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SFC Fines Schroder Investment Management $1.8M For Disclosure Failures

Postby kreslik.news » Tue Jun 14, 2016 2:05 pm


Hong Kong’s Securities and Futures Commission (SFC) has today reprimanded and fined Schroder Investment Management (Hong Kong) a total of $1.8 million for failing to disclose all notifiable interests in Hong Kong listed shares. This is the second announcement of a fine by the SFC today which also reprimanded and fined State Street Global Advisors Asia $4 million for failing to comply with regulations over specific funds.
Schroder failed to properly follow legal advice received.

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