Compliance slip-up lands Fidelity in the hot pot

Mongolian hot pot is delicious, but can prove a little hard to digest for those not prepared for its spicy offerings. Such is the case not just for the many Hong Kongers who flock to Little Sheep Group hot-pot restaurants, but also for Fidelity. Hong Kong’s Securities and Futures Commission (SFC) yesterday publicly criticised Fidelity for breaching its code on takeovers and mergers by failing to report dealings in the locally listed stock of Little Sheep. A Fidelity spokeswoman …