HONG KONG

Securities / Derivatives

SFC Proposes Higher Position Limits

By Samuel Riding | 21/09/2016

Cap on excess position limit could be increased 6-fold; 3-tier statutory position limit proposed.

AML / KYC

HKMA to Add Cybersecurity, AML to Competency Framework

By Samuel Riding | 21/09/2016

Measures are part of efforts to boost Hong Kong’s competitiveness as a fintech hub.

SFC Reprimands, Fines HSBC $320,000

By Samuel Riding | 15/09/2016

Regulator penalises bank for regulatory breaches, internal control failures.

Market Infrastructure

Hong Kong Extends Listing Regulation Consultation

By Samuel Riding | 12/09/2016

Proposal to give SFC more say has prompted claims it will reduce HK’s appeal as an IPO destination.

AML / KYC

HKMA Warns of Excessive Due Diligence

By Samuel Riding | 09/09/2016

Authority says some KYC/AML measures ‘disproportionate’; looking at KYC utilities to ease regulatory burden.

SFC Bans Former HSBC Sales Staff

By Samuel Riding | 08/09/2016

Duo claimed commissions on fictitious unit trust sales.

Market Infrastructure

HKMA Launches Fintech Sandbox

By Samuel Riding | 07/09/2016

Scheme will include arrangements to protect volunteers in financial technology trials.

Market Infrastructure

HKMA Urges AIs to Enhance Risk Management Controls

By Samuel Riding | 01/09/2016

Reported incidents include underpayment of stamp duty on OTC transactions.

SFC Reprimands, Fines BNP Paribas

By Samuel Riding | 01/09/2016

Regulator says bank overcharged on equities, bonds, structured products, options, swaps and funds.