ASIC Issues Updated Guidance on Holding Virtual Meetings

27/03/2025

The updated guidance sets out ASIC’s expectations on holding virtual meetings and includes the option to use telephone lines and webcasts.

Fintech / Regtech

Taiwan Launches New QR Code Payment Service for Travel

25/03/2025

Nine participating financial institutions will offer a 100 percent rebate on fares paid with “TWQR QR Code for Travel” until 31 December.

Enforcement

SFC Penalises Brokerage and MiC for Poor Margin Financing Controls

25/03/2025

The SFC fined Enlighten Securities HKD 5 million and suspended its manager-in-charge for seven months.

Market Infrastructure

HKMA Relaxes Wealth Connect Limit for Overseas Incorporated Banks

25/03/2025

HKMA has raised the customer limit for non-locally incorporated AIs providing southbound WMC services to non-private banking Mainland customers.

AML / KYC

HK Considers Allowing Banks to Freeze Scam-Linked Accounts

24/03/2025

HKPF and HKMA are in talks with banks on a mechanism to freeze accounts linked to fraudulent activities.

Securities / Derivatives

HKEX List Asia’s First Single Stock Leveraged & Inverse Products

24/03/2025

The new products provide leveraged and inverse exposure to US-listed Berkshire, Coinbase, MicroStrategy, NVIDIA, and Tesla.

Market Infrastructure

Hong Kong SFC Issues Further IPO Subscription Guidance

21/03/2025

The SFC has directed licensed corporations to stop engaging in “imprudent and aggressive” IPO financing practices.

Securities / Derivatives

BSP Proposes to Revise Rules on Peso NDFs and Swaps

21/03/2025

The BSP wants banks to limit Peso NDF, NDS and NDCCS exposures to mitigate any potential build-up of systemic risks.

Enforcement

SFC Impose 14-Month Ban on Former Fund Manager

21/03/2025

The SFC said the action is related to disciplinary actions against “other related entities” concerning the management of various private funds.