From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.
About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.
Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
Head of enforcement says the IPO sponsors may have failed to verify data, opening the door to fraud by the listing companies.
AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.
SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.
Government and trade bodies view PE as means of increasing support for Hong Kong Start-ups, keeping pace with Singapore and the UK.
ETrade HK advertised its services for four years without a license; SFC says successful prosecution a 1st for the offence.
Central bank and apex regulator says delegation is the largest it has ever put together, will meet London start-ups and accelerator programmes.
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