The Hong Kong Securities and Futures Commission (SFC) has issued a restriction notice to GA (Int'l) Capital Management Limited (GCML) over concerns about its reliability, integrity and ability to conduct regulated activities competently, honestly and fairly, raising questions about its fitness and properness to remain licensed. The notice bars GCML, without the SFC’s prior written consent, from carrying on any business constituting the regulated activities for which it is licensed, and from disposing of or dealing with any relevant property or assisting others to do so, except for paying ordinary-course operational expenses subject to prior written notification and SFC consent. The SFC issued the notice under sections 204 and 205 of the Securities and Futures Ordinance and searched premises including those occupied by GCML’s responsible officer; GCML is licensed for Type 4 (advising on securities) and Type 9 (asset management) regulated activities and is subject to licensing conditions. The investigation is ongoing and the SFC indicated it will make no further comment at this stage.
Hong Kong Securities & Futures Commission 2025-06-06
Hong Kong Securities and Futures Commission issues restriction notice against GA (Int'l) Capital Management and conducts search operation
The Hong Kong Securities and Futures Commission (SFC) issued a restriction notice to GA (Int'l) Capital Management Limited (GCML) due to concerns about its reliability and integrity in conducting regulated activities. The notice restricts GCML from engaging in licensed activities or dealing with relevant property without SFC consent, except for operational expenses. The investigation is ongoing, and the SFC will not comment further at this stage.