Hong Kong SFC Issues Restriction Notice to GA (Int’l) Capital Management Limited (GCML) Due to Concerns on Reliability, Integrity & Ability to Conduct Regulated Activities, Competently, Honestly & Fairly, Conducted Search on Premises Occupied by Responsible Officer
7th June | Hong Kong
The Hong Kong Securities & Futures Commission (SFC) has issued a Restriction Notice to GA (Int’l) Capital Management Limited (GCML) due to concerns on reliability, integrity & ability to conduct regulated activities, competently, honestly & fairly, and conducted search on premises occupied by the Responsible Officer. Announcement (6/6/25): “The Securities and Futures Commission (SFC) has issued a restriction notice to GA (Int’l) Capital Management Limited (GCML) due to concerns regarding its reliability, integrity and ability to carry on its regulated activities competently, honestly an d fairly, and hence, its fitness and properness to remain licensed (Note 1). The restriction notice prohibits GCML, without prior written consent from the SFC, from (i) carrying on any business, whether directly or through agents, which constitutes regulated activities for which it is licensed by the SFC; and (ii) disposing of or dealing with any relevant property in any manner; or assisting, counselling or procuring another person to dispose of or deal with any relevant property in any manner, except with prior written notification to the SFC and prior written consent from the SFC, paying operational expenses incurred by it in the ordinary course of business. The SFC considers that the issue of the restriction notice is desirable in the interest of the investing public or in the public interest. The SFC also searched, among other places, the premises occupied by GCML’s responsible officer in an operation today. No further comment will be made at this stage as the investigation is ongoing.
“ Hong Kong SFC Issues Restriction Notice to GA (Int’l) Capital Management Limited (GCML) Due to Concerns on Reliability, Integrity & Ability to Conduct Regulated Activities, Competently, Honestly & Fairly, Conducted Search on Premises Occupied by Responsible Officer “
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Note:
- The restriction notice is issued pursuant to sections 204 and 205 of the Securities and Futures Ordinance (SFO). GCML is a corporation licensed under the SFO to carry on Type 4 (advising on securities) and Type 9 (asset management) regulated activities. There are licensing conditions imposed on GCML’s Type 4 and Type 9 regulated activities.
Hong Kong SFC Issues Restriction Notice to GA (Int’l) Capital Management Limited (GCML) Due to Concerns on Reliability, Integrity & Ability to Conduct Regulated Activities, Competently, Honestly & Fairly, Conducted Search on Premises Occupied by Responsible Officer
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