Hong Kong

Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

The SFC approved HKEX's launch of the new futures contract on Friday, calling it a major milestone for Hong Kong's capital markets.

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.

The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.

Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.

New research finds that APAC banks are charging 'brown' firms a higher lending rate than 'non-brown' firms, by around 23 basis points, since the Paris Agreement.

The director faces charges for defrauding BOCHK into making L/C payments to a supplier and then laundering the proceeds back to his own company.

Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.

The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.

The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.