Supervision & Enforcement

SFC Starts Legal Proceedings Against AMTD Global Markets Limited

24/11/2023

The SFC has asked the city’s Court of First Instance to inquire into the circumstances of non-compliance by AMTD Global Markets Limited and its former executives.

Reporting & Disclosures

Climate Disclosures and Financial Statements Should be Coherent: XRB

23/11/2023

New Zealand’s XRB issued new guidance highlighting the need for coherence between financial statements and climate-related disclosures.

Market Data & Technology

HKEX Unveils Enhancements to Market Data Suite

23/11/2023

From 1 December, HKEX will introduce new market data subscription options and reduce its mobile market data service fee.

Anti-Money Laundering

AUSTRAC Accepts Enforceable Undertaking from Perth Mint

23/11/2023

The enforceable undertaking binds Gold Corporation to completing its AML/CTF remediation programme by 30 April 2025.

Cloud & Infrastructure

HKMA, Abu Dhabi FSRA to Enhance Fintech Collaboration

23/11/2023

The regulators will explore PoC projects to connect HKMA’s CDI platform to ADGM’s SME Financing Platform.

Anti-Money Laundering

SFC Fines Lion Futures for AML Non-Compliance

23/11/2023

Lion Futures is the 7th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.

Cryptocurrency

Crypto Firm Bittrex Global Announces Decision to Cease Operations

22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

Reporting & Disclosures

Australia to Restructure Regulatory Bodies for Financial Reporting

21/11/2023

The three regulatory bodies that oversee financial reporting and set reporting standards will be combined into a single entity.

Payments & Settlements

HKMA Considers How Banks Will Support Stock Trading During Typhoons

21/11/2023

Banks would need to upgrade their systems to cope with a “potential new clearing arrangement for cheque payments”.