ADVERTISEMENT
AML / KYC
HKIFA Warns Against Concealing Company Director Information
By Editors | 04/06/2021
The government proposal to stop requiring companies to reveal certain information about directors will hinder fund managers’ ability to conduct due diligence.
Capital / Liquidity
HKMA Issues Guidance on Counterparty Credit Risk Framework
By Editors | 03/06/2021
The guidance is aimed at facilitating consistent interpretation and application of the capital requirements under the BCR as amended in April.
Securities / Derivatives
Hong Kong Passes Bill to Increase Stamp Duty on Stock Trades
By Manesh Samtani | 03/06/2021
HKEX has asked market participants to prepare their systems in preparation for the 1 August stamp duty increase.
SFC, HKMA Instruct Regulated Firms to Promote Vaccinations
By Manesh Samtani | 03/06/2021
The SFC says vaccinations are a critical part of operational risk management. The HKMA is requiring banks to submit a list of unvaccinated staff.
Market Infrastructure
Hong Kong, Shanghai Announce First ETF Cross-Listings
By Editors | 02/06/2021
The ETF cross-listing mechanism provides Chinese investors another avenue to access the Hong Kong market besides Stock Connect.
Capital / Liquidity
HKMA Considers Regulating Mortgage Lending by Nonbanks
By Manesh Samtani | 01/06/2021
Non-bank institutions such as finance companies and property developers have managed to circumvent the HKMA’s mortgage lending limits.
Securities / Derivatives
HKEX Waives Fees on Fixed Income & Money Market ETFs
By Editors | 01/06/2021
Trading tariffs and stock settlement fees have been waived for 29 fixed income and money market ETF trading counters.
HK to Exempt Top Execs of Financial Firms from Quarantine
By Sanday Chongo Kabange | 31/05/2021
Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.
AML / KYC
HK Bankers Threatened With Jail Under National Security Law
By Editors | 29/05/2021
Letters sent to HSBC and Citibank threaten up to seven years’ jail for any dealings with Hong Kong accounts belonging to media tycoon Jimmy Lai.
Enforcement
SFC Fines Ewarton Securities Over Staff Trading Controls
By Manesh Samtani | 27/05/2021
A lack of internal controls resulted in Ewarton’s failure to detect and prevent unauthorised or improper activities by a licensed representative.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team