HONG KONG

Securities / Derivatives

SFC Flags Irregularities in Private Funds and Discretionary Accounts

By Garima Chitkara | 03/08/2017

Hong Kong securities regulator expresses concerns on the management of private funds and discretionary accounts.

Securities / Derivatives

Rolling in the Regulations for Robo-Advisers

By Kristi Swartz | 01/08/2017

A SFC consultation paper proposes guidelines for robo-advisers to provide accurate, easily comprehensible information to investors.

Enforcement

Hong Kong Regulator ups Penalties Against Individuals

By Garima Chitkara | 01/08/2017

Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.

Securities / Derivatives

HK Auditing Brokers’ Protection of Client Assets

By Editors | 31/07/2017

Regulator cites weaknesses in internal account protection controls despite warnings; IOSCO report says HK due diligence to safeguard client rights […]

Capital / Liquidity

Moody’s Gives China Banks a Boost, HK Lenders Not So Lucky

By Editors | 31/07/2017

Rating agency says banks in China enjoy a stable operating environment despite still-deteriorating asset quality as government policy efforts take […]

HKEX, CSRC and SFC on a Regulatory Collision Course

By Peter Guy | 31/07/2017

Regulatory problems in China market could spill into Hong Kong through HKEX’s new third board.

Capital / Liquidity

HK Fund Dealing Desks Win OTC Capital Requirements Reduction

By Editors | 27/07/2017

OTCD regime seen to need further tweaks following responses to 2015 consultation; fund manager dealing desks win capital requirements reduction. […]

AML / KYC

HK’s New Financial Services Chief Advocates Centralised KYC Registry

By Editors | 19/07/2017

Top official says updated ID cards with greater security could be used as basis of the centralised KYC; boost Hong Kong’s status in fintech.

Capital / Liquidity

HK Beats Singapore to Resolution Regime

By Editors | 10/07/2017

HKMA narrowly outpaces Singapore rival to enacting regime; becomes lead resolution body with responsibility for securities and insurance as well as banking.