Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.
Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.
New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation 'above and beyond' regulatory obligations.
Circular sent to firms following a feedback report issued by the Joint Financial Intelligence Unit.
Central bank chief expresses concern about growing gaps between credit and GDP, property prices and rents.
Consultation suggests it could take just six months for banks to develop APIs including their product and service information.
HK exchange looking to establish new trading rules, including rebates, simplified collateral regulations and removal of 10bp stamp duty charge.
The bank will be required to include HLA buffer in their regulatory capital calculation within 12 months of the designation.
Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.
Extensive consultation also proposes to expand risk mitigation requirements to ‘all licensed corporations’, rejects idea of regulatory threshold.