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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