HKMA Sets Expectations for Banks on Handling ‘Autopay’ Arrangements

06/11/2024

The circular addresses situations where a merchant has suspended operations or shut down while customers have active direct debit authorisations in place.

Market Infrastructure

Hang Seng Indexes Company Signs Pact with Saudi Exchange

05/11/2024

The two sides will cooperate on the exchange of index data, product development, and industry knowledge sharing.

AML / KYC

SFC Calls for Responsible Adoption of Regtech for AML Fight

05/11/2024

In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.

Market Infrastructure

HKEX to Digitalise ETP Creation and Redemption Process

05/11/2024

HKEX will introduce a new web-based platform that will connect ETP participants through the use of distributed ledger technology and smart contracts.

Enforcement

ASIC Files Lawsuit Against Oak Capital Over Lending Model

01/11/2024

ASIC alleges Oak Capital designed its lending model to avoid the application of the National Credit Code and Consumer Credit Act.

Market Infrastructure

MPFA Will Work to Achieve “Full Portability” of MPF Benefits

31/10/2024

MPFA’s Ayesha Lau says “full portability” will give employees greater autonomy in MPF management and invigorate competition in the MPF market.

APRA Publishes Super Fund Expenditure Data for the First Time

31/10/2024

The data shows significant spending on marketing and sponsorships, including hundreds of millions that went to the AFL and sports clubs.

Market Infrastructure

HKEX to Open Office in Saudi Arabia Next Year

31/10/2024

The SFC separately published guidance explaining how Hong Kong asset managers can offer their funds in the Saudi Arabian market.

Securities / Derivatives

Saudi Arabia Lists First Hong Kong Focused ETFs

31/10/2024

The new ETF initially raised more than $1.2bn and became the largest ETF in the Middle East upon listing on the Saudi Exchange.