HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.
The processing and approval of suspicious third party fund transfers were attributable to the CEO's failures to discharge his duties, the SFC said.
The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
Deutsche was meant to replace two departing senior employees and obtain SFC approval for their replacements but a "timing mismatch" occurred.
Levies will be payable to the Financial Reporting Council by sellers and purchasers of securities, public interest entities, and PIE auditors from 1 January 2022.
The HKMA's enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.
At the HKMA's flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.
From January, ESG funds will have to disclose how they attain their ESG focus, referencing the ESG criteria, measurement methodologies, and benchmarks used.
BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.
Algorithmic trading and high-frequency trading were generally not found to have a deteriorating impact on market liquidity or increase market volatility.
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