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Fintech / Regtech
SFC Eying Rules on Instant Message Trade Orders
By Samuel Riding | 16/04/2018
Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.
Market Infrastructure
PBOC Confirms Financial Sector ‘Opening up’ Plans
By Samuel Riding | 14/04/2018
Governor Yi Gang confirms there will eventually be no limits on foreign ownership of financial institutions; quadruples Stock Connect quotas.
Fintech / Regtech
HKMA, HKEX Adopt New Messaging Standard
By Editors | 13/04/2018
Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.
Securities / Derivatives
SFC Identifies Best Practices for Alternative Liquidity Pools
By Editors | 10/04/2018
ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should be qualified investors.
Fintech / Regtech
SFC Issues Robo-advice Guidelines
By Samuel Riding | 29/03/2018
Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.
Market Infrastructure
Hong Kong Issues LEI, Platform Trading Consultation for OTC Derivatives
By Samuel Riding | 29/03/2018
Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.
Enforcement
IPO Sponsors Still Deficient, says SFC
By Editors | 27/03/2018
Thematic review details deficiencies in standards of conduct, due diligence practices and internal systems and controls.
Enforcement
SFC Fines UBS Securities for Missing Client Consent Records
By Editors | 23/03/2018
The firm was only able to provide the regulator about half of the client consents for facilitation trades.
Enforcement
HK Risks Becoming Auditing Outcast – Report
By Editors | 22/03/2018
Head of Financial Reporting Council says overhaul of accountancy regulation will not meet international standards.
Market Infrastructure
HK, India Sign Tax Pact
By Editors | 22/03/2018
Hong Kong investors will pay half the normal withholding tax rate on the interest earned on their investments in India.
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