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Crypto / Digital Assets
SFC Issues Fresh Warning About Virtual Asset Risks
By Editors | 14/12/2022
The SFC warns that virtual asset platforms may on-lend customer assets or them in investment or other activities, which could potentially lead to a “total loss”.
Market Infrastructure
HKEX Releases Details on Proposed Dual Counter Model
By Editors | 14/12/2022
Market makers and liquidity providers for the dual counter model will be onboarded starting in the first half of 2023.
ESG / Sustainability
Hong Kong Launches Green Finance Training Subsidy Programme
By Editors | 14/12/2022
Eligible programmes include courses offered provided by Friends of the Earth HK, GARP, HKIB, ICMA, HKGFA, and CFA Institute, among others.
AML / KYC
SFC Announces 20 March 2023 Launch Date for HKIDR
By Editors | 13/12/2022
The SFC has decided to “provide more time for the industry’s preparation” and has announced a 20 March 2023 launch date for the HKIDR.
HKMA Finalises Code of Conduct Requirements for Banks
By Editors | 12/12/2022
Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.
ESG / Sustainability
HKMA Issues Guidance for Banks on Reducing Greenwashing Risks
By Editors | 12/12/2022
The guidance is based on thematic examinations at banks, conducted to ensure they proper systems and control in place to manage their green and sustainable products.
Securities / Derivatives
Industry Ranks Singapore Top APAC Market to Operate In
By Editors | 11/12/2022
In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.
Hong Kong Unveils Insurance Sector Development Roadmap
By Editors | 11/12/2022
The roadmap includes plans to explore ways to connect Mainland and Hong Kong insurance markets and introduce a new policyholders’ protection scheme.
AML / KYC
Hong Kong Legislative Council Passes AML/CTF Amendment Bill
By Manesh Samtani | 08/12/2022
New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
Crypto / Digital Assets
Three Firms Apply to Launch Crypto ETFs in Hong Kong
By Editors | 07/12/2022
Three fund managers have submitted applications to the SFC seeking approval to list ETFs in Hong Kong that invest in bitcoin and ether futures.
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