Complaints against AIs up 9%, 1,729 cases completed; central bank warns on liquidity risk.
Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.
Deputy chief executive acknowledges heightened due diligence on account opening has harmed Hong Kong’s reputation.
Development follows on from January warning on DDOS hacks and blackmail.
Regulator to consider BCBS guidelines, introduce ‘relevant policy proposals’.
Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.
Firm said to have inadequate PEP identification procedures for more than three years.
SFC publishes revised reporting forms for licensed corporations just over two weeks from start of new regime.
One unit advised on futures contracts for more than 10 years without the required license.
OTC Clear can also accept some types of non-cash collateral.