Hong Kong’s SFC Fines MIS Services $3 Million for Regulatory Breaches

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined MIS Services Ltd, formerly known as Standard Chartered Investment Services Limited, $3 million for its failure to comply with certain regulatory requirements.

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An SFC investigation found that Standard Chartered Investment Services failed to ensure that there were at least two key personnel who met the minimum investment experience of five years in managing retirement and public funds, as stipulated for a period of over nine years from October 2000 to July 2015.

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