The Hong Kong Securities and Futures Commission (SFC) reported that it led Asia-Pacific securities regulators at the 50th International Organization of Securities Commissions (IOSCO) Annual Meeting in Doha to agree on closer collaboration to combat online investment scams. Discussions at the IOSCO Asia-Pacific Regional Committee focused on emerging risks including deepfake-driven scams and the growing phenomenon of finfluencers. As chair of the IOSCO Asia-Pacific Regional Committee, SFC Chief Executive Officer Julia Leung presented regional initiatives on cooperation to IOSCO’s Presidents Committee and participated in an IOSCO-Organisation for Economic Co-operation and Development roundtable on tackling online scams. The SFC delegation also highlighted IOSCO work on risks linked to growing retail investment in private markets through a panel contribution by Christina Choi, SFC Executive Director of Investment Products and Chair of the IOSCO Committee on Investment Management. On the sidelines of the meeting, the SFC signed separate Memoranda of Understanding with the Financial Services Regulatory Authority of Abu Dhabi Global Market, the Central Bank of Ireland and the Ontario Securities Commission to facilitate cross-border industry collaboration and access to new markets.

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