Provident fund, trustee punished for compliance breach
Bank Trust Consortium and its arm Asia Insurance receive reprimands and an executive is suspended in Hong Kong.
Hong Kong's Securities and Futures Commission has reprimanded both Bank Trust Consortium and its affiliate, Asia Insurance (Pension Fund), for compliance breaches in a guaranteed fund administered under the Occupational Retirement Schemes Ordinance (ORSO). The SFC has also suspended Asia Insurance's responsible officer, Wong Kok-Ho, for four weeks.
BCT is the trustee of the Bank Consortium Pooled Retirement Scheme, an authorized ORSO pooled retirement fund, and Asia Insurance manag…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.