The Securities and Futures Commission (SFC) of Hong Kong has issued a restriction notice to Bloomyears Limited because of doubts over its reliability, integrity and ability to carry on its regulated activity competently, honestly and fairly, and hence, its fitness and properness to remain licensed.

Bloomyears is a corporation licensed under the SFO to carry on Type 1 (dealing in securities) regulated activity.

The restriction notice prohibits Bloomyears, without prior written consent from the SFC, from (i) carrying on any business, whether directly or through agents, which constitutes the regulated activity for which it is licensed under the SFO; and (ii) disposing of or dealing with any property held by it or held on behalf of its clients, or assisting, counselling or procuring another person to dispose of or deal with any such property.

The SFC considers that the issue of the restriction notice is desirable in the interest of the investing public or in the public interest.