07:43 AM EDT, 08/26/2025 (MT Newswires) -- HSBC Holdings ( HSBC ) has been reprimanded and fined HK$4.2 million ($538,414) by the Securities and Futures Commission in Hong Kong for breaching disclosure requirements in research reports on Hong Kong-listed securities over an eight-year period, the regulator said Tuesday.

An investigation following a self-report by HSBC ( HSBC ) found that the bank had failed to disclose or made incorrect disclosures regarding its investment banking relationships with various companies covered in research reports published between 2013 and 2021, the commission said in a joint statement with the Hong Kong Monetary Authority.

The regulators said that these issues, which were caused by deficiencies in HSBC's ( HSBC ) data recording and mapping across systems, are estimated to have affected disclosures in over 4,200 research reports.

There has been no evidence of client losses resulting from the disclosure issues, the regulators said.

HSBC ( HSBC ) didn't immediately reply to MT Newswires' request for comment.