Hong Kong

Securities / Derivatives

HKEX to Launch of New Options on Futures Contracts

By Editors | 12/08/2021

Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.

AML / KYC

HKMA Issues “Mandate” for Innovation in AML/CFT

By Manesh Samtani | 12/08/2021

The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.

AML / KYC

SFC Finalises Investor ID, OTC Securities Reporting Regimes

By Manesh Samtani | 11/08/2021

The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

Enforcement

Former HKEX Exec Pleads Not Guilty to Corruption Charges

By Editors | 11/08/2021

The former co-head of HKEX’s IPO-vetting team, Eugene Yeoh, was arrested in June 2019 for alleged bribery and misconduct in public office.

Securities / Derivatives

Hong Kong ICAC Charges Securities Brokers for Bribery

By Editors | 08/08/2021

Two securities brokers accepted commissions to arrange for their clients to use a futures trading programme provided by a software company.

Securities / Derivatives

Deutsche Bank Set to Regain Ability to Sponsor HK IPOs

By Ranamita Chakraborty | 05/08/2021

Deutsche Bank has reportedly secured two senior hires who will be able to act as IPO principals, subject to regulatory approval.

AML / KYC

Crypto Crime Reaches Record Levels in Hong Kong

By Editors | 04/08/2021

Victims lost HK$214m in cryptocurrency crimes in the first half of 2021, compared to HK$114.4mn across all of 2020.

Enforcement

Hong Kong SFC Fines UBS Over Regulatory Breaches

By Editors | 03/08/2021

The breaches involve research report disclosures, telephone recordings, client derivatives knowledge assessments, and structured product sales.

Market Infrastructure

China, Hong Kong to Strengthen Legal, Judicial Cooperation

By Editors | 02/08/2021

China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.