Hong Kong

    Market Infrastructure

    CSRC, SFC Outline Plans to Include ETFs in Stock Connect

    By Manesh Samtani | 30/05/2022

    Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.

    Securities / Derivatives

    HKMA Directs Banks to Comply with New Rules for Trust Business

    By Editors | 29/05/2022

    Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.

    Market Infrastructure

    HKEX to Launch New IPO Settlement Platform in June 2023

    By Editors | 29/05/2022

    HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.

    Market Infrastructure

    Hong Kong, US to End Mutual Recognition of Accountants

    By Editors | 29/05/2022

    An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.

    HKMA Publishes Findings from Front Office Incentives Review

    By Editors | 26/05/2022

    Some incentive systems used in retail banks’ front offices may unintentionally push staff to prioritise business objectives over customer outcomes.

    Fintech / Regtech

    Govt Support Needed in AI, Big Data Industry: FTAHK

    By Editors | 25/05/2022

    Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.

    Securities / Derivatives

    HKEX to Establish First Non-Asia Offices This Year – Report

    By Editors | 24/05/2022

    New offices in Europe and the US will allow HKEX to provide services and support to international companies seeking to list or invest in Hong Kong.

    Market Infrastructure

    HK PCPD Issues Guidance on Cross-border Data Transfers

    By Editors | 19/05/2022

    Recommended model contractual clauses are provided for scenarios where personal data is transferred across borders to another data user or to a data processor.

    Enforcement

    HK ICAC Charges Ex-Sunway Employee for Money Laundering

    By Editors | 19/05/2022

    A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.

    Market Infrastructure

    HKMA’s Operational Resilience Standards: An ‘Adapt and Learn’ Approach

    By Lisa Huang | 19/05/2022

    Lisa Huang and Shannon Wong offer guidance on making a timely start to compliance with HKMA’s new operational resilience framework.

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