Hong Kong

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    Enforcement

    HK: Insider Trading Prosecution May Prompt Hedge Fund Closure

    By Editors | 24/05/2024

    “It is in the best interests of our investors to return their capital in an orderly manner,” a Segantii spokesperson said.

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    HKMA Updates SPM Module to Drive Banking Sector Upskilling

    By Editors | 24/05/2024

    The revised SPM module is part of the HKMA’s effort to drive upskilling and reskilling of banking practitioners.

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    Enforcement

    Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

    By Sanday Chongo Kabange | 24/05/2024

    The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

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    Fintech / Regtech

    “Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

    By Nithya Subramanian | 23/05/2024

    Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

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    HK ICAC Signs Cooperation MoUs with UNODC, Four Countries

    By Sanday Chongo Kabange | 23/05/2024

    The MoUs with the UNODC and the anti-corruption authorities of Kazakhstan, Mauritius, Saudi Arabia and South Africa will enhance anti-corruption cooperation.

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    Capital / Liquidity

    HKMA Announces Refinements to USD Liquidity Facility

    By Editors | 22/05/2024

    The settlement date will be the same day as the tender date (T+0), instead of the business day after the tender date (T+1).

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    Enforcement

    Hong Kong IA Bars Ex-Prudential Agent for 14 Years

    By Sanday Chongo Kabange | 22/05/2024

    The IA said it found the agent’s conduct “so disgraceful” that it unanimously decided to elevate the penalty to a 14-year prohibition.

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    Market Infrastructure

    HKEX Implements Enhancements to Swap Connect

    By Editors | 21/05/2024

    The enhancements include a compression service to help firms reduce their capital costs and increase transaction settlement efficiency.

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    Crypto / Digital Assets

    HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

    By Editors | 20/05/2024

    Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

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    Enforcement

    Hong Kong Court Jails Two Former Brokers for False Trading

    By Editors | 20/05/2024

    The two men, formerly licensed representatives of KGI Asia Limited and South China Securities Limited, were each jailed for three months.

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