From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.
Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.
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 integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.
Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.
Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.
Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.
SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.