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HSBC fined by Hong Kong securities regulator

Bank breached position limits for Hang Seng China Enterprises Index futures and options contracts, regulator said

HSBC's Hong Kong offices
HSBC's Hong Kong offices Photo: iStock

Hong Kong’s securities regulator on September 14 fined and publicly reprimanded an Asian unit of HSBC Holdings for an internal-controls failure related to position limits.

The Securities and Futures Commission fined the Hongkong and Shanghai Banking Corp 2.5 million Hong Kong dollars (US$322,000) for the misconduct, which the regulator said took place in 2014.

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