HONG KONG

HK Counts Down to MiC Regime

By Samuel Riding | 06/04/2017

SFC publishes revised reporting forms for licensed corporations just over two weeks from start of new regime.

Market Infrastructure

Merrill Lynch Units’ $1.9mn Fine Could Have Been Much Larger – HK SFC

By Samuel Riding | 27/03/2017

One unit advised on futures contracts for more than 10 years without the required license.

Securities / Derivatives

HKEX Subsidiary Launches OTC Client Clearing

By Samuel Riding | 22/03/2017

OTC Clear can also accept some types of non-cash collateral.

AML / KYC

HK SFC Fines Brokerage $335,000 for 300 AML Failures

By Samuel Riding | 15/03/2017

Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.

Red Flags in HK Managers in Charge Regime

By Samuel Riding | 09/03/2017

July deadline looming large over financial institutions and their service providers.

AML / KYC

HK SFC Fines Securities Firm for AML Breaches

By Samuel Riding | 07/03/2017

Firm breached 3 regulations including SFC Code of Conduct.

HK Expands Fund Disclosure Requirements

By Samuel Riding | 06/03/2017

All authorised funds must now disclose ongoing charges, past performance.

HKMA Sets out Culture Requirements

By Samuel Riding | 03/03/2017

Banks should set up or expand board-level committees to tackle the issue.

AML / KYC

HK to Expand Professional Investor Qualification

By Samuel Riding | 02/03/2017

Joint accounts and existing investments to be counted towards qualification amount.