Legal
SFC fines HSBC GAM for cash management failures
The Securities and Futures Commission has reprimanded and fined HSBC Investment Funds (Hong Kong) Limited and HSBC Global Asset Management (Hong Kong) Limited HK$3.5 million for breaches of regulatory requirements in relation to cash management for SFC-authorized funds (Notes 1 & 2). The SFC’s investigation found that some of the…
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