Modifications or waivers of Licensing requirements ... · SZE Tsai Ping, Michael (“SZE”)...

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Modifications or waivers of Licensing requirements (granted under section 134 of the Securities and Futures Ordinance)

Last Update : 14 February 2020

Name of the applicant(CE number, if applicable)

Date of grant of the modifications

or waiversPeriod of validity Particulars of the modifications or waivers granted Conditions imposed

Allianz Dresdner Asset Management Hong Kong Limited ("ADAMHK")

(AAF936)

3 June 2003 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the Commodities Trading Adviserregistration granted to ADAMHK on 28 November1995:-

“The registrant is not permitted to hold or controlclients’ funds and assets”

Nil

NG Siu Hon, Timmy

(ADS593)


Revoke the following condition which has beenimposed on the licence granted to Ng Siu Hon,Timmy on 30 May 2003:-

“You are approved as a responsible officer of EnTrustSecurities (H.K.) Limited in respect of Type 1regulated activity on condition that in relation to Type1 regulated activity, you must act under thesupervision of another responsible officer of EnTrustSecurities (H.K.) Limited approved for that regulatedactivity without this condition.”

Nil

Heather Gray Holdings Inc.IdB Asia International LimitedCandover Investments PlcCandover Services LimitedCandover Partners LimitedEquity Trust Holdings SAEquity Trust (Luxembourg) SARLEquity Group International LimitedEquity International Holdings Limited(collectively known as “the Applicants”)


To grant a waiver in relation to the requirements ofsection 129 of the Ordinance in relation to approval tobecome substantial shareholders of Insinger InvestorServices Limited.

Nil

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Cardinalasia Consulting Limited

(AIN601)

27 June 2003 From 27 June 2003 to 31 March 2005

To grant a waiver in relation to the requirements ofsection 125(1)(b) of the Ordinance in relation to Type4 & 9 regulated activities.

The approval shall be valid up to 31 March 2005.

TSANG Kam Ching

(AHF473)

4 August 2003 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to Tsang Kam Chingon 22 July 2003:-

“You are approved as a responsible officer of HoorayCapital Limited in respect of Type 6 regulated activityon condition that in relation to Type 6 regulatedactivity, you must act under the supervision ofanother responsible officer of Hooray Capital Limitedapproved for that regulated activity without thiscondition.”

Nil

SeaBright Asset Management Limited ("SBAML")

(AIZ592)

10 October 2003 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to SBAML on 23 July2003:-

“For Type 9 regulated activity, the person shall notprovide a service of managing a portfolio of futurescontracts for another person.”

Nil

China Everbright Assets Management Limited ("CEAML")

(AGC028)


Revoke the following condition which has beenimposed on the licence granted to CEAML on 21 July2003:-


Nil

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YU Shui Sang, Bernard (“Yu”)

(AEO855)

22 November 2003 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to Yu on 16 July2003:-

“You are approved as a responsible officer ofEwarton Securities Limited in respect of Type 1regulated activity on condition that in relation to Type1 regulated activity, you must act under thesupervision of another responsible officer of EwartonSecurities Limited approved for that regulated activitywithout this condition.”

Nil

SZE Tsai Ping, Michael (“SZE”)

(AAV280)

29 December 2003 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to Sze on 21 May2003:-

“For Type 6 regulated activity, the licensee shall not,in the capacity as a sole adviser to a client, advise onmatters/transactions falling within the ambit of theHong Kong Codes on Takeovers and Mergers andShare Repurchases.”

Nil

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HO Man Kay ("HO")

(AEW982)

5 February 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to Ho on 18September 2003:-

“For Type 6 regulated activity, the licensee must, inthe capacity as an adviser to a client on matters /transactions falling within the ambit of the Hong KongCodes on Takeovers and Mergers and ShareRepurchases issued by the Securities and FuturesCommission, act together with another adviser (to theclient) not subject to this condition.”

Nil

Cardinalasia Consulting Limited ("CCL")

(AIN601)

2 March 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to CCL on 27 June2003:-


Nil

LEE Shiu Lun Edward ("Lee")

(ABN097)


Revoke the following condition which has beenimposed on the licence granted to Lee on 27 June2003:-


Nil

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LEE Sai Yin, Jeanne

(ABE355)


Revoke the following condition which has beenimposed on the licence granted to LEE Sai Yin,Jeanne on 28 August 2003:-

“You are approved as a responsible officer of SinoGrade Securities Limited in respect of Type 1regulated activity on condition that in relation to Type1 regulated activity, you must act under thesupervision of another responsible officer of SinoGrade Securities Limited approved for that regulatedactivity without this condition.”

Nil

SO Raymond (“So”)

(AEY942)

2 April 2004 Valid until amendmentor revocation

Modify the following condition which has beenimposed on the licence granted to So on 21 January2004 to:-

“For Type 6 regulated activity, the licensee must, inthe capacity as an adviser to a client onmatters/transactions falling within the ambit of theCodes on Takeovers and Mergers and ShareRepurchases issued by the Securities and FuturesCommission, act together with another adviser (to theclient) not subject to this condition.”

Nil

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Convoy Asset Management Limited

(AIN601)

29 April 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to CAML on 21 July2000:-

“The registrant shall not handle clients monies orassets whether directly, or indirectly through an"associate" of the registrant, except with the priorapproval from the Commission.”

Nil

Yuanta Core Pacific Securities (Hong Kong) Company Limited ("YCPS")

(ABS015)

19 May 2004 Valid until amendmentor revocation

To grant YCPS a waiver of the requirements undersection 125(1)(b) of the Ordinance in relation to itsType 1 regulated activity.

(i) In respect of Type 1 Regulated Activity, YCPScan conduct agency transactions in respect of itsbusiness in relatin to Taiwan QFII scheme only;(ii) In conducting its agency transactionsdescribed in (i) above, YCPS can deal withlicensed corporations who are existing clients ofYCPS only;(iii) At least one individual, who shall be anexecutive director of YCPS and has beenapproved by the Commission as the responsibleofficer of YCPS in relation to Type 1 RegulatedActivity, shall be available at all times tosupervise the business of YCPS; and (iv) Such a waiver is to be valid until YCPS hasmet the section 125(1)(b) requirements or 3months from the date of grant of the waiver (orsuch later date agreed by the Commission inwriting), whichever is earlier.

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Partners Capital International Limited("PCIL")

(AHG514)


Revoke the following condition which has beenimposed on the licence granted to PCIL on 17 July2003:-


Nil

The Bank of East Asia Limited (“BEA”)

(AAJ165)

25 Jun 2004 Valid until amendmentor revocation

Granted a modification to BEA in relation toparagraph 4(4) of the Securities and Futures(Licensing and Registration) (Information) Rules (“theRules”) that a notice of any change arising from theoperation of employee share option schemes in thecapital and shareholding structure specified in Item10 of Part 2 of Schedule 3 to the Rules must be givenin writing within 7 days after the change takes placeto permit the notice to be given in writing within 7days after the end of the calendar month in which thechange takes place.

Nil

YAU Hok Wai Henry Clement (“Yau”)

(ACH182)

27 Jul 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to Yau on 17 April2003:-

“The registrant shall not, in the capacity as a soleadviser to a client, provide advice on securities inrelation to matters/transactions falling within theambit of the Hong Kong Codes on Takeovers andMergers and Share Repurchases.”

Nil

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Wallbanck Brothers Securities (Hong Kong) Limited (“WBSHK”)

(AHT876)

CHAN Kin Fung, Phil ("CKF")

(ADM459)

17 Aug 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to WBSHK and CKFon 22 August 2002:-

“The registrant shall not, in the capacity as a soleadviser to a client, provide advice on securities inrelation to matters/transactions falling within theambit of the Hong Kong Codes on Takeovers andMergers and Share Repurchases.”

Nil

Noble Apex Advisors Limited (“NAAL”)

(AEO169)


Revoke the following condition which has beenimposed on the licence granted to NAAL on 31 March2004:-

“The licensee shall seek the Commission's priorapproval in making material changes to its client'sagreement.”

Nil

Prudential Asset Management (Hong Kong) Limited (trading as Prudential Asset Management) (“PAML”)

(AFO909)

Mr David Michael PERRETT (“Mr Perrett”)

(AFF191)

Mr Nicholas Peter SCOTT (“Mr Scott”)

(AFX190)


Revoke the following condition which has beenimposed on the licences granted to PAML on 26August 2003, and Mr Perrett and Mr Scott on 20August 2003:-


Nil

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Grand Vinco Capital Limited (“GVCL”)

(AIO499)


Revoke the following condition which has beenimposed on the licence granted to GVCL on 12December 2003:-


Nil

Sarasin Rabo Investment Management Limited ("SRIM")

(ADV625)

22 Sept 2004 Valid until amendmentor revocation

Section 4(2)(a)(ii) of the LFET Rules shall bemodified as:

“the shares of the corporation are partly owned,directly or indirectly, by another corporation, or by apartnership, which has a qualifying credit rating orhas such a rating for any of its debt instruments”

1. The modification shall lapse if SRIM fails tocomply with section 4(3) of the LFET Rules underwhich SRIM shall annually, within 4 months afterthe end of its financial year –(a) notify the Commission in writing that itsatisfies the conditions set out in section 4(2) ofthe LFET Rules as modified hereby; and(b) provide the Commission with such informationas the Commission may reasonably require toenable the Commission to verify that thecorporation does satisfy the conditions set out insection 4(2) of the LFET Rules as modifiedhereby;2. The undertaking of 15 July 2004 provided byCooperatieve Centrale Raiffeissen-Boerenleenbank, B.A. to the Commission shallremain at all times in full force and effect; and3. SRIM shall inform the Commission within 7business days of it becoming aware that any ofthe representations made in support of theapplication are or have become false ormisleading in a material particular.

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MA Kwong Lee

(ACZ438)

23 Sept 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to MA Kwong Lee on4 August 2003:-

“You are approved as a responsible officer of GreatChina Brokerage Limited in respect of Type 1regulated activity on condition that in relation to Type1 regulated activity, you must act under thesupervision of another responsible officer of GreatChina Brokerage Limited approved for that regulatedactivity without this condition.”

Nil

Tai Fook Century Asset Management Company Limited (“TFCAM”)

(AJL465)

4 Oct 2004 Valid until amendmentor revocation

To grant TFCAM a waiver of the requirements undersection 125(1)(b) of the Ordinance in relation to itsType 4 & 9 regulated activities.

1. TFCAM shall not carry on any regulatedactivity except for servicing the only fund that iscurrently under its management;2. At least one individual, who shall be anexecutive director of TFCAM and has beenapproved by the Commission as the responsibleofficer of TFCAM in relation to Type 4 and 9regulated activities, shall be available at all timesto supervise the businesses of TFCAM; and 3. Such a waiver is to be valid until TFCAM hasmet section 125(1)(b) requirements or 3 monthsfrom the date of grant of the waiver (or such laterdate agreed by the Commission in writing),whichever is earlier.

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POON Ho Man

(AFP074)


Revoke the following conditions which have beenimposed on the licence granted to Poon Ho Man on14 May 2004:-

“For Type 4 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a)accredited to the principal concerned of the licenseein respect of the activity; and (b) not subject to thiscondition.”

“For Type 9 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a)accredited to the principal concerned of the licenseein respect of the activity; and(b) not subject to thiscondition.”

Nil

NG Siu Mui

(ACR889)


Revoke the following condition which has beenimposed on the licence of Ng Siu Mui on 2 August2004:-

“The licensee shall not trade in any commodityfutures contracts other than financial and gold futurecontracts.”

Nil

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LI Man Bun, Brian David (“Li”)

(AJD679)


Revoked the following conditions which have beenimposed on the licence granted to Li on 5 December2003:-

1. You are approved as a responsible officer of AsiaStrategic Investment Management Limited in respectof Type 1 regulated activity on condition that inrelation to Type 1 regulated activity, you must actunder the advice of another responsible officer ofAsia Strategic Investment Management Limitedapproved for that regulated activity without thiscondition.

2. You are approved as a responsible officer of AsiaStrategic Investment Management Limited in respectof Type 9 regulated activity on condition that inrelation to Type 9 regulated activity, you must actunder the advice of another responsible officer ofAsia Strategic Investment Management Limitedapproved for that regulated activity without thiscondition.

For Type 9 regulated activity, the licensee shallnot provide a service of managing a portfolio offutures contracts for another person unless it isfor hedging purpose only.

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SHEN Michael Koping (“Shen”)

(AEE687)

15 Nov 2004 Valid until amendmentor revocation

Revoked the following condition which has beenimposed on the licence granted to Shen on 8 August2003:-

You are approved as a responsible officer of ChinaInsurance Group Assets Management Limited inrespect of Type 9 regulated activity on condition thatin relation to Type 9 regulated activity, you must actunder the supervision of another responsible officerof China Insurance Group Assets ManagementLimited approved for that regulated activity withoutthis condition.

Nil

POON Ho Man

(AFP074)


Revoke the following conditions which have beenimposed on the licence granted to Poon Ho Man on14 May 2004:-

“For Type 1 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a) accredited to the principal concerned of thelicensee in respect of the activity; and(b) not subject to this condition.”

Nil

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Guangdong Securities Limited (“GSL”)

(AAI195)


Revoked the following condition which has beenimposed on the licence granted to GSL on 5 June2004:

For Type 6 regulated activity, the licensee shall notadvise on matters/transactions falling within the ambitof the Codes on Takeovers and Mergers and ShareRepurchases issued by the Commission.

Imposed the following condition on the licencegranted to GSL:

For Type 6 regulated activity, the licensee must,in the capacity as an adviser to a client onmatters/ transactions falling within the ambit ofthe Codes on Takeovers and Mergers and ShareRepurchases issued by the Commission, acttogether with another adviser (to the client) notsubject to this condition.

POON Chiu Kwok (“Poon”)

(AET865)


Revoked the following condition which has beenimposed on the licence granted to Poon on 24 May2004:


Imposed the following condition on the licencegranted to Poon:


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YANG Jian (“Yang”)

(AFU682)


Revoked the following condition which has beenimposed on the licence granted to Yang on 25 May2004:


Imposed the following condition on the licencegranted to Yang:


CHAU Wan Chi

(AEB022)

9 Dec 2004 Valid until amendmentor revocation

Revoke the following condition which has beenimposed on the licence granted to Chau Wan Chi on18 August 2004: -

“The licensee shall not trade in any commodityfutures contracts other than financial and gold futurescontracts.”

Nil

Lehman Brothers Asia Limited ("LBA")

(AAE689)

21 Dec 2004 Valid until amendmentor revocation

Revoked the following condition which has beenimposed on the licence granted to LBA on 19September 2003:

For Type 6 regulated activity, the licensee shall not,in the capacity as a sole adviser to a client, advise onmatters/transactions falling within the ambit of theHong Kong Codes on Takeovers and Mergers andShare Repurchases.

Nil

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LAM Siu Hi (“Lam”)

(AEP103)

14 Jan 2005 Valid until amendmentor revocation

Revoked the following conditions which have beenimposed on the licence granted to Lam on 21 June2003:-

You are approved as a responsible officer of CM-CCS Futures Limited in respect of Type 2 regulatedactivity on condition that in relation to Type 2regulated activity, you must act under the supervisionof another responsible officer of CM-CCS FuturesLimited approved for that regulated activity withoutthis condition.

You are approved as a responsible officer of CM-CCS Futures Limited in respect of Type 5 regulatedactivity on condition that in relation to Type 5regulated activity, you must act under the supervisionof another responsible officer of CM-CCS FuturesLimited approved for that regulated activity withoutthis condition.

You are approved as a responsible officer of CM-CCS Securities Limited in respect of Type 6regulated activity on condition that in relation to Type6 regulated activity, you must act under thesupervision of another responsible officer of CM-CCSSecurities Limited approved for that regulated activitywithout this condition.

Nil

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You are approved as a responsible officer of CM-CCS Securities Limited and CM-CCS Futures Limitedin respect of Type 9 regulated activity on conditionthat in relation to Type 9 regulated activity, you mustact under the supervision of another responsibleofficer of CM-CCS Securities Limited and CM-CCSFutures Limited approved for that regulated activitywithout this condition.

ING Investment Management Asia Pacific (Hong Kong) Limited (“IIMAP”)

(ADZ743)


Revoke the following condition which has beenimposed on the licence granted to IIMAP on 25March 2004:-

“For Type 9 regulated activity, the licensee shall notprovide a service of managing a portfolio of futurescontracts for another person.”

Nil

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PONG Po Lam (“Pong”)

(AAH068)


Modify the following condition which has beenimposed on the licence granted to Pong on 25November 2004:-


To :-

“For Type 9 regulated activity, the licensee shall notprovide a service of managing a portfolio of futurescontracts for another person unless it is for hedgingpurpose only.”

Nil

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LORD II John Wesley (“Lord”)

(AHA448)

2 Feb 2005 Valid until amendmentor revocation

Revoked the following conditions which have beenimposed on the licence granted to Lord on 19 March2004:-



Nil

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CHOY Hok Man

(AGP509)


Revoke the following condition which has beenimposed on the licence granted to Choy Hok Man on4 February 2004:-


Nil

Polaris Securities (Hong Kong) Limited (“PSHK”)

(ABZ023)


Revoked the following conditions which have beenimposed on the licence granted to PSHK on 13August 2003 :-



Nil

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KIM Eugene Hyunwook (“Kim”)

(AEQ448)


Modify the following condition which has beenimposed on the licence granted to Kim on 27 January2005:-


To :-

“For Type 9 regulated activity, the licensee shall notprovide a service of managing a portfolio of futurescontracts for another person unless it is for hedgingpurpose only.”

Nil

LEUNG Kwok Tung, Fredric

(ABM533)


Modify the following condition which was imposed onthe licence granted to Leung Kwok Tung, Fredric on22 December 2004:-

“Type 1: The licensee shall only communicate offersto effect dealings in securities to an exchangeparticipant of a recognized exchange company or aspecified exchange, in the names of the persons fromwhom whose offers are received.”

To :-

“Type 1: The licensee shall only engage in dealingactivity in relation to communicating offers to effectdealings in securities of the clients of HSBCGuyerzeller Bank AG to securities brokers or othercounterparties.”

Nil

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LAM Yik Kau, Peter

(ABL140)


Modify the following condition which was imposed onthe licence granted to Lam Yik Kau, Peter on 22December 2004:-


To :-


Nil

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HUI Chin Ki

(AFC151)


Modify the following condition which was imposed onthe licence granted to Hui Chin Ki on 22 December2004:-


To :-


Nil

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CHAN Ngok Yan, Elton

(AGA656)


Modify the following condition which was imposed onthe licence granted to Chan Ngok Yan, Elton on 22December 2004:-


To :-


Nil

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HSBC Guyerzeller Far East Limited (“HSBCGFE”)

(AEY707)


Modify the following condition which was imposed onthe licence granted to HSBCGFE on 22 December2004:-


To :-


Nil

KIELLAND Christian H. (“Kielland”)

(AGJ954)


Revoked the following condition which has beenimposed on the licence granted to Kielland on 16September 2004:-

For Type 3 regulated activity (“the activity”), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a) accredited to the principal concerned of thelicensee in respect of the activity; and(b) not subject to this condition.

Nil

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Tanrich Asset Management Limited (“TAML”)

(AFH614)


Revoked the following condition which was imposedon the licence granted to TAML on 27 September2004:-

“For Type 4 regulated activity, the licensee shall notadvise on securities other than unit trusts and mutualfunds.”

Nil

LEBUS Andrew Jonathan (“Lebus”)

(ACH671)


“For Type 4 regulated activity, the licensee shall onlyprovide investment advice to his principal’s overseasassociated companies and their respectiveinstitutional clients.”

Nil

LIU Dan Dan (“Liu”)

(AFJ903)



Nil

MEADS Chris Stanley (“Meads”)

(AGM298)



Nil

SWIRE Rhoderick Martin

(ABM993)



Nil

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CHEUNG Yat Ming

(AEG753)


To grant Cheung Yat Ming a waiver of therequirements under section 121(2)(a) of theOrdinance in relation to his Type 4 regulated activity.

Nil

China Everbright Assets Management Limited (“CEAM”)

(AGC028)


Revoked the following condition which was imposedon the licence granted to CEAM on 24 October 2003:-

‘The licensee shall not hold client assets. The terms“hold” and “client assets” are as defined under theSecurities and Futures Ordinance.’

Nil

CHIU Sui Keung

(ADZ607)

27 July 2005 Valid until amendmentor revocation

Revoke the following conditions which have beenimposed on the licence granted to Chiu Sui Keung on25 August 2003: -

“You are approved as a responsible officer of BaronAsset Management Limited in respect of Type 4regulated activity on condition that in relation to Type4 regulated activity, you must act under the advice ofanother responsible officer of Baron AssetManagement Limited approved for that regulatedactivity without this condition.”

and

“You are approved as a responsible officer of BaronAsset Management Limited in respect of Type 9regulated activity on condition that in relation to Type9 regulated activity, you must act under the advice ofanother responsible officer of Baron AssetManagement Limited approved for that regulatedactivity without this condition.”

Nil

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LIN Wai Yan

(AEU175)

27 July 2005 Valid until amendmentor revocation

Revoke the following conditions which have beenimposed on the licence granted to Lin Wai Yan on 4August 2003: -

“You are approved as a responsible officer of BaronAsset Management in respect of Type 4 regulatedactivity on condition that in relation to Type 4regulated activity, you must act under the supervisionof another responsible officer of Baron AssetManagement Limited approved for that regulatedactivity without this condition.”

and

“You are approved as a responsible officer of BaronAsset Management Limited in respect of Type 9regulated activity on condition that in relation to Type9 regulated activity, you must act under thesupervision of another responsible officer of BaronAsset Management Limited approved for thatregulated activity without this condition.”

Nil

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TAM Ping Chung (“Tam”)

(ABE784)


Revoked the following condition which has beenimposed on the licence granted to Tam on 30 March2005:


Nil

SHUM Kam Chi Eric (“Shum”)

(ADF451)


Revoked the following condition which has beenimposed on the licence granted to Shum on 30 March2005:


Nil

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HO Connie

(AGL52)


Revoke the following condition which has beenimposed on the licence granted to Ho Connie on 30October 2003: -


Nil

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SUM Wai Kei Wilfred (“Sum”)

(ABW953)


Revoke the following conditions which have beenimposed on the licence granted to Sum on 4September 2003: -

“You are approved as a responsible officer of TaiwanSecurities (Hong Kong) Company Limited in respectof Type 6 regulated activity on condition that inrelation to Type 6 regulated activity, you must actunder the advice of another responsible officer ofTaiwan Securities (Hong Kong) Company Limitedapproved for that regulated activity without thiscondition.”

and

“For Type 6 regulated activity, the licensee shall notadvise on matters/transactions falling within the ambitof the Hong Kong Codes on Takeovers and Mergersand Share Repurchases.”

Impose the following condition on the licencegranted to Sum :-

“For Type 6 regulated activity, the licensee must,in the capacity as an adviser to a client onmatters/transactions falling within the ambit of theCodes on Takeovers and Mergers and ShareRepurchases issued by the Commission, acttogether with another adviser (to the client) notsubject to this condition.”

Worldsec Asset Management Limited (“WAM”)

(AAY077)


Revoked the following condition which has beenimposed on the licence granted to WAM on 1 April2003 :-

“The licensee shall not hold client assets. The terms“hold” and “client assets” are as defined under theSecurities and Futures Ordinance.”

Nil

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LEUNG An Loy Derek (“Leung”)

(AEP106)


Revoked the following condition which has beenimposed on the licence granted to Leung on 17 July2003:

You are approved as a responsible officer of ShenyinWanguo Securities (HK) Limited in respect of Type 1regulated activity on condition that in relation to Type1 regulated activity, you must act under thesupervision of another responsible officer of ShenyinWanguo Securities (HK) Limited approved for thatregulated activity without this condition.

Nil

Fubon Bank (Hong Kong) Limited (“FBHK”)

(AAA582)


Revoked the following condition which was imposedon the registration granted to FBHK on 1 March 2004:-

“For Type 6 regulated activity, the person shall notadvise on matters/transactions falling within the ambitof the Codes on Takeovers and Mergers and ShareRepurchases issued by the Commission.”

Nil

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ING Investment Management Asia Pacific (Hong Kong) Limited (“IIMAP”)

(ADZ743)

05 September 2005 Valid until amendmentor revocation

Modify the following condition which was imposed onthe licence granted to IIMAP on 25 March 2004:-

“The licensee shall only engage in dealing activities:(i) incidental to distribution of unit trusts and mutualfunds, and /(or) (ii) in relation to receiving from theinsurance companies related to ING Groep N.V.offers to effect dealings in, or to acquire or disposeof, securities and communicating them in the name ofthe insurance companies related to ING Groep N.V.from whom they are received to exchangeparticipants trading on or through the ExchangeCompany. Insurance companies mean thosecompanies being licensed or regulated by its localjurisdictions to conduct insurance business.”

To :-

Nil

“The licensee shall only engage in dealing activities:(i) incidental to distribution of collective investmentschemes, and /(or) (ii) in relation to receiving fromentities within its group of companies offers to effectdealings in, or to acquire or dispose of, securities andcommunicating them in the name of the entitieswithin its group of companies from whom they arereceived to exchange participants trading on orthrough the Exchange Company. The terms“collective investment scheme” and “group ofcompanies” are as defined under the Securities andFutures Ordinance.”

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RYAN Christopher John

(ADH094)


Modify the following condition which was imposed onthe licence granted to RYAN Christopher John on 24March 2004:-


To :-

Nil


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YANG Chong Wey

(ALG140)


Modify the following condition which was imposed onthe licence granted to YANG Chong Wey on 1 June2005:-


To :-

Nil


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Davison Mark Patrick Hay

(AJD531)


Revoke the following condition which has beenimposed on the licence granted to Davison MarkPatrick Hay on 28 January 2004: -


Nil

SIU Mei Wan

(AJC718)


Revoke the following conditions which have beenimposed on the licence granted to Sum on 4December 2003: -

“For Type 1 regulated activity ("the activity"), thelicensee must in her capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a)accredited to the principal concerned of the licenseein respect of the activity; and(b) not subject to thiscondition.”

Nil

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CHAN Chuak Hoan

(AFN605)


Modify the following condition which was imposed onthe licence granted to CHAN Chuak Hoan on 24March 2004:-

“The licensee shall only engage in dealing activities:(i) incidental to distribution of unit trusts and mutualfunds, and /(or)(ii) in relation to receiving from the insurancecompanies related to ING Groep N.V. offers to effectdealings in, or to acquire or dispose of, securities andcommunicating them in the name of the insurancecompanies related to ING Groep N.V. from whomthey are received to exchange participants trading onor through the Exchange Company.Insurance companies mean those companies beinglicensed or regulated by its local jurisdictions toconduct insurance business.”

To :-

Nil

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“The licensee shall only engage in dealing activities:(i) incidental to distribution of collective investmentschemes, and /(or)(ii) in relation to receiving from entities within itsgroup of companies offers to effect dealings in, or toacquire or dispose of, securities and communicatingthem in the name of the entities within its group ofcompanies from whom they are received to exchangeparticipants trading on or through the ExchangeCompany.The terms “collective investment scheme” and “groupof companies” are as defined under the Securitiesand Futures Ordinance.”

Shenyin Wanguo Asset Management (Asia) Limited

(ADU956)


Revoked the following condition which was imposedon the licence granted to Shenyin Wanguo AssetManagement (Asia) Limited on 29 March 2005:-


Nil

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FONG Ka Ling

(AFN006)


Revoked the following condition which has beenimposed on the licence granted to Fong Ka Ling on 7September 2005:

“For Type 4 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a)accredited to the principal concerned of the licenseein respect of the activity;

and

(b) not subject to this condition.”

Nil

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OGAWA Kazutoshi

(AKP013)


Modify the following condition which has beenimposed on 9 May 2005 on the licence granted toOGAWA Kazutoshi:-

“For Type 6 regulated activity, the licensee shall notadvise on matters/transactions falling within the ambitof the Codes on Takeovers and Mergers and ShareRepurchases issued by the Commission.”

To:-

“For Type 6 regulated activity, the licensee must, inthe capacity as an adviser to a client onmatters/transactions falling within the ambit of theCodes on Takeovers and Mergers and ShareRepurchases issued by the Commission, act togetherwith another adviser (to the client) not subject to thiscondition.”

Nil

UFJ Tsubasa Securities Asia Limited

(AAE045)


Revoked the following condition which was imposedon the licence granted to UFJ Tsubasa SecuritiesAsia Limited on 6 May 2005:-


Nil

of 1751






LEONG Ka Chai

(AAF034)


Revoke the following condition which has beenimposed on the licence granted to LEONG Ka Chaion 14 September 2005:-

"For Type 9 regulated activity, the license shall notconduct business involving the discretionarymanagement of any collective investment schemeother than the Gold Peak Group Provident FundScheme unless having sought the Commission's prior approval. The term "collective investment scheme" isas defined under the Securities and FuturesOrdinance."

Nil

SZE Man Hon

(AAF051)


Revoke the following condition which has beenimposed on the licence granted to SZE Man Hon on14 September 2005:-


Nil

of 1751






Roctec Investment Limited

(AAF133)


Revoke the following condition which has beenimposed on the licence granted to Roctec InvestmentLimited on 14 September 2005:-


Nil

Roctec Securities Company Limited

(AAF100)


Revoke the following condition which has beenimposed on the licence granted to Roctec SecuritiesCompany Limited on 14 September 2005:-


Nil

of 1751






Wong Wah (“Wong”)

(AFD156)


Revoked the following condition which has beenimposed on 11 October 2004 on the licence grantedto Wong:


Nil

Shim Young Yook (“Shim”)

(AIU238)


Revoked the following condition which has beenimposed on 24 June 2003 on the licence granted toShim:

“You are approved as a responsible officer of LGSecurities (HK) Limited in respect of Type 1 regulatedactivity on condition that in relation to Type 1regulated activity, you must act under the supervisionof another responsible officer of LG Securities (HK)Limited approved for that regulated activity withoutthis condition.”

Nil

of 1751






KWOK Philip Wayne

(ACD740)


Revoke the following conditions which have beenimposed on the licence granted to Kwok PhilipWayne on 24 July 2003: -

“You are approved as a responsible officer of GoodHarvest Securities Company Limited in respect ofType 1 regulated activity on condition that in relationto Type 1 regulated activity, you must act under thesupervision of another responsible officer of GoodHarvest Securities Company Limited approved forthat regulated activity without this condition.”

Nil

of 1751






YU Gang

(ACQ097)


Modify the following condition which was imposed onthe licence granted to Yu Gang on 24 May 2005: -

“For Type 9 regulated activity, the licensee shall notconduct business involving the discretionarymanagement of any collective investment scheme.The term "collective investment scheme" is asdefined under the Securities and Futures Ordinance.”

To :-


Nil

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Wan Ngar Yin David

(ABH754)


Revoked the following condition which has beenimposed on the licence granted to Wan on 6February 2004:

"For Type 1 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a) accredited to the principal concerned of thelicensee in respect of the activity; and(b) not subject to this condition."

Nil

Wilfred T. Fry (Personal Financial Planning) Limited (“WT Fry”)

(AAG474)


Revoked the following condition which has beenimposed on the licence granted to WT Fry on 1 April2003 :-

“The licensee shall not hold client assets. The terms“hold” and “client assets” are as defined under theSecurities and Futures Ordinance.”

Nil

China International Capital Corporation (Hong Kong) Limited (“CICC”)

(AEE667)


Revoked the following condition which was imposedon the licence granted to CICC on 31 March 2005:-

"For Type 6 regulated activity, the licensee must, inthe capacity as an adviser to a client onmatters/transactions falling within the ambit of theCodes on Takeovers and Mergers and ShareRepurchases issued by the Commission, act togetherwith another adviser (to the client) not subject to thiscondition."

Nil

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MASSEY LI Susan Hong (“Massey Li”)

(ACR404)


Revoked the following condition which has beenimposed on the licence granted to Massey Li on 31March 2005:-

"For Type 6 regulated activity, the licensee must, inthe capacity as an adviser to a client onmatters/transactions falling within the ambit of theCodes on Takeovers and Mergers and ShareRepurchases issued by the Commission, act togetherwith another adviser (to the client) not subject to thiscondition."

Nil

TIS Securities (HK) Limited (“TIS”)

(ACF696)


Revoked the following condition which was imposedon 20 January 2005 on the licence granted to TIS:-


Nil

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CROTTY Philip John (“Crotty”)

(ALZ870)


Revoked the following condition which has beenimposed on 14 July 2005 on the licence granted toCrotty:

1. “For Type 4 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a) accredited to the principal concerned of thelicensee in respect of the activity; and(b) not subject to this condition.”

2. “For Type 6 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is: (a) accredited to the principal concerned of thelicensee in respect of the activity; and(b) not subject to this condition.”

Nil

of 1751






YANG Zhizhong (“Yang”)

(ACO050)


Revoked the following conditions which have beenimposed on 5 October 2005 on the licence granted toYang:

1. “This licence, in relation to Type 6 regulatedactivity, shall lapse and cease to have effect:

(i) upon the licensee ceasing to act for or on behalfof his/her principal(s) in respect of that regulatedactivity; or(ii) 6 months after the grant of the licence forcarrying on that regulated activity (or any later dateas the Commission may agree in writing), whicheveroccurs earlier, unless the licensee has by that timepassed the relevant recognised local regulatoryframework paper(s) pursuant to the Guidelines onCompetence issued by the Commission and informedthe Commission of the examination result.”

2. “For Type 6 regulated activity ("the activity"), thelicensee must in his capacity as a responsible officer,when actively participating in or when directlysupervising the business of the activity, do so underthe advice of another responsible officer who is:

(a) accredited to the principal concerned of thelicensee in respect of the activity; and(b) not subject to this condition.”

Nil

of 1751






Execution (Hong Kong) Limited (“EHKL”)

(AMA966)


Revoked the following condition which was imposedon the licence granted to EHKL on 10 October 2005:-


Nil

Fong Tak Yee (“Fong”)

(AFA617)


Revoked the following conditions which have beenimposed on 23 December 2003 on the licencegranted to Fong:



Nil

of 1751






Lai Ming Fung

(AGC971)


To grant Lai Ming Fung a waiver of the requirementsunder section 121(2)(a) of the Ordinance in relationto his application for a temporary license to carry outType 4 regulated activity.

Nil

Tanisaka Miho (“Tanisaka”)

(AEO785)


Revoked the following condition which has beenimposed on 2 January 2004 on the licence granted toTanisaka:


Nil

of 1751






Bayerische Hypo- und Vereinsbank Aktiengesellschaft (“HVB”)

(AAK827)


To grant HVB a waiver of the requirement undersection 125(2) of the Securities and FuturesOrdinance in relation to its Types 1, 4 and 6regulated activities.

“ (i) For each of Types 1, 4 and 6 regulatedactivities, the person shall have at least oneexecutive officer approved by the Hong KongMonetary Authority available at all times in HongKong to supervise such regulated activities;

(ii) Regarding the conduct of regulated activitiesin Hong Kong, the person may only deal with thefinancial institutions who are its existing clientsand not expand to private individuals; and

(iii) Such a waiver is to be valid until –(a) the Hong Kong Monetary Authority’s approvalof the second executive officer(s) of the personfor its Types 1, 4 and 6 regulated activities; or(b) 3 months from the date of grant of the waiver(or such later date agreed by the Commission inwriting),whichever is earlier.”

of 1751






MOU Chi Luen (“Mou’)

(AAE063)


Revoked the following conditions which have beenimposed on 2 July 2003 on the licence granted toMou:

1. “The licensee shall not trade in securities throughthe accounts, either in his/her own name or innominees name in which he/she has control orbeneficial interest, maintained with any licensedcorporation other than the one to whom he/she isaccredited.”

2. “The licensee shall not undertake anymanagement role in performing his functions as alicensed representative.”

Nil

CHAU Shing Yim, David (“Chau”)

(AFR321)


Revoke the following condition which has beenimposed on the licence granted to Chau on 30October 2003: -


Nil

SHK Fund Management Limited (“SFM”)

(AAI432)

6 January 2006 Valid until amendmentor revocation

Revoked the following condition which was imposedon the licence granted to SFM on 11 March 2005:-


Nil

of 1751






CHAN Chik Keung (“Chan”)

(AAF274)


Revoked the following condition which has beenimposed on the licence granted to Chan on 1 March2005:


Nil

Baron Capital Limited (“BCL”)

(AFA602)


Revoked the following condition which was imposedon the licence granted to BCL on 29 September2003:-

“For Type 1 regulated activity, the licensee shall onlyengage in underwriting, sub-underwriting and placingof securities.”

Imposed the following condition on the licence granted to BCL:-

“For Type 1 regulated activity, the licensee shall not engage in dealing activities other than those relating to corporate finance.”

Regal Oriental Capital Limited (“ROCL”)

(“AJE161”)


Revoked the following condition which was imposedon 15 January 2004 on the licence granted to ROCL:-

“For Type 6 regulated activity, the licensee shall notadvise on matters/transactions falling within the ambitof the Hong Kong Codes on Takeovers and Mergersand Share Repurchases.”

Nil

of 1751






Chan Kwong Chung, Bernard (“Chan”)

(“AFA650”)


Modify the following condition which has beenimposed on 13 July 2004 on the licence granted toChan:-


To:-


Nil

NGAI Ming Tak (“Ngai”)

(ACS157)


Revoked the following condition which has beenimposed on the licence granted to Ngai on 6 October2004:

For Type 6 regulated activity, the licensee must, inthe capacity as an adviser to a client onmatters/transactions falling within the ambit of theCodes on Takeovers and Mergers and ShareRepurchases issued by the Commission, act togetherwith another adviser (to the client) not subject to thiscondition.

Nil

of 1751






Daewoo Securities (Hong Kong) Limited(“DSHKL”)

(ACO292)


Revoked the following condition which was imposedon the licence granted to DSHKL on 1 April 2005:-


Nil

UBS Global Asset Management (Hong Kong) Limited (“UBS”)

(AGP568)


Modify the following condition which was imposed onthe licence granted to UBS on 28 September 2005:-


To :-

“For Type 9 regulated activity, the licensee shall notprovide a service of managing a portfolio of futurescontracts for another person except for the solepurpose of hedging and in managing the UBS A&QAsia Property Cycle Fund which is solely marketed toprofessional investors. The term "professionalinvestor" is as defined in Part 1 of Schedule 1 to theSecurities and Futures Ordinance.”

Nil

of 1751





Modifications or waivers of Licensing requirements ... · SZE Tsai Ping, Michael (“SZE”)...

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Transcript of Modifications or waivers of Licensing requirements ... · SZE Tsai Ping, Michael (“SZE”)...