Enforcement

SFC Opens Insider Trading Case Involving 2020 PayPal Acquisition

17/10/2024

The SFC is pursuing the chairman of a HK-listed company that held shares in PayPal’s acquisition target.

Crypto / Digital Assets

Hong Kong Working “Full Steam Ahead” on Stablecoin Legislation

30/09/2024

The FSTB and the HKMA will “strive” to introduce draft legislation for Hong Kong’s stablecoin regulatory regime by end 2024.

Fintech / Regtech

HKMA Issues New Guidance Responding to Crowdstrike Outage

30/09/2024

The HKMA offers guidance to authorised institutions on enhancing their operational resilience against the failure of third-party IT solutions.

Enforcement

Hong Kong Court Jails Former China Taiping Agent for Fraud

30/09/2024

The former insurance agent received over HK$650,000 in remuneration for insurance policy applications that turned out to be falsified.

Market Infrastructure

HK to Advance Paperless Corporate Communications Regime

28/09/2024

Listed and non-listed companies will be allowed to rely on implied consent for disseminating corporate communications via websites.

Australia Consults on Further Revisions to Tax Agents Code of Conduct

26/09/2024

The revisions aim to address industry concerns about obligations to correct false or misleading statements and disclosures that must be made to clients.

Enforcement

ASIC Fines Macquarie for ‘Serious’ Gatekeeper Failure

26/09/2024

Macquarie was fined for failing to act promptly and appropriately to prevent manipulation in the electricity futures market.

Hong Kong FSDC, Beijing Financial Bureau Sign Collaboration Pact

26/09/2024

The pact seeks to nurture a conducive environment for growth and innovation for the Hong Kong and Beijing financial sectors.

Market Infrastructure

APRA Releases New Performance Metrics for Super Funds

26/09/2024

APRA seeks to improve member outcomes by bringing together performance metrics of the performance test and superannuation heatmaps.