SFC Fines State Street Global Advisors Asia $4m for Regulatory Breaches

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SFC Fines State Street Global Advisors Asia $4m for Regulatory Breaches

Postby kreslik.news » Tue Jun 14, 2016 9:58 am


Hong Kong’s Securities and Futures Commission (SFC), an independent statutory body set up to help police the country’s domestic securities and futures market, has formally reprimanded and fined State Street Global Advisors Asia Limited (SSGA) the sum of $4 million for acute failures to comply with regulations over specific funds, according to a SFC statement.

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In particular, the SFC fine stems from a lapse in the regulatory requirements related to the management of Tracker Fund of Hong Kong. The results ... (read more)

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