The Securities and Futures Commission ("SFC") has issued a restriction notice to GA (Int'l) Capital Management Limited ("GCML") due to concerns about its reliability, integrity, and ability to carry out its licensed activities. This notice prevents GCML from conducting regulated activities without SFC approval. Additionally, the SFC conducted a search operation at GCML's premises.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On June 6, 2025, the Securities and Futures Commission ("SFC") issued a restriction notice to GA (Int'l) Capital Management Limited ("GCML") due to concerns about the firm's reliability, integrity, and competence in its regulated activities. As a result, the SFC deemed GCML unfit and improper to continue under its current license under the Securities and Futures Ordinance ("SFO").
The restriction notice prohibits GCML, without prior written consent from the SFC, from engaging in any regulated activities, either directly or through agents, and from disposing of or dealing with any relevant property unless explicit permission is granted. Additionally, GCML is not allowed to assist or facilitate such actions for others without prior approval from the SFC.
In the course of its investigation, the SFC conducted a search operation at GCML’s responsible officer’s premises. Further comments on this matter are deferred until the ongoing investigation is completed.
It is important to note that the restriction notice was issued under sections 204 and 205 of the SFO. GCML is currently licensed to engage in Type 4 (securities advising) and Type 9 (asset management) activities, subject to specific licensing conditions.
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