AFRC Identifies Gaps in Hong Kong Accounting Profession

18/09/2024

The AFRC has directed the HKICPA to improve its processes for developing and improving the quality of CPD training courses.

FMA Consults on New Reporting Rules Under CoFI Regime

17/09/2024

The regulatory returns ask firms to provide details on their business structure and the fair conduct programmes they must maintain under CoFI.

Enforcement

SFC Reaches Compensation Deal for Shareholders of Delisted Firm

17/09/2024

If approved by the court, three former directors who siphoned money from a now-delisted company will pay HK$192mn in compensation to minority shareholders.

Market Infrastructure

Hong Kong, Macao to Establish Bond Market Infrastructure Link

17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

ESG / Sustainability

HKMA, DFSA to Deepen Collaboration on Sustainable Finance

17/09/2024

The HKMA and DFSA signed an MoU to deepen cross-border dialogue, information exchange and joint research on sustainable finance.

AML / KYC

Australia Proposes Bill to Establish Scams Prevention Framework

16/09/2024

The framework creates obligations for banks, telcos and tech giants to prevent, detect, report, disrupt, and respond to scams.

Securities / Derivatives

HKEX Offers New Guidance on Preventing Self-Matched Trades

12/09/2024

The guidance aims to help firms mitigate the risk of self-trades by different trading units that might be susceptible to inappropriate trading behaviour.

ASIC Directs Product Issuers to Improve DDO Compliance

11/09/2024

ASIC’s Alan Kirkland called on issuers to ensure that their product design and distribution practices are “up to scratch”.

ACCC Updates Guidelines on Interim Authorisation

11/09/2024

The updated guidelines seek to clarify expectations around how the ACCC makes decisions on granting interim authorisation.