SECURITIES AND FUTURES COMMISSION

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    Market Infrastructure

    SFC, Exchanges See Blockchain as New Capital Market Backbone

    By Georgina Lee | 30/10/2024

    Hong Kong now looking at commercialising tokenised instruments to help address the pain points of the traditional financial market, said the SFC’s Elizabeth Wong.

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    Fintech / Regtech

    HKMA Establishes Tokenisation Partnerships with Thailand, Brazil

    By Sanday Chongo Kabange | 29/10/2024

    The HKMA will collaborate with the central banks of Thailand and Brazil to explore cross-border tokenisation use cases, leveraging the Project Ensemble sandbox.

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    Crypto / Digital Assets

    HK Bank Completes ‘First-of-its-Kind’ Sandbox Test Using Tokenised Deposits

    By Sanday Chongo Kabange | 29/10/2024

    The simulation covered trading of the tokenised fund unit for its institutional clients and cross-bank settlement using tokenised deposits.

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    Fintech / Regtech

    Hong Kong Sets Policy Approach to AI Development

    By Manesh Samtani | 28/10/2024

    The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.

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    Crypto / Digital Assets

    SFC Announces Next Steps for Hong Kong Virtual Asset Regime

    By Manesh Samtani | 28/10/2024

    More VATP applicants will be licensed by year-end, and a consultative panel comprising all licensees will be established in 2025 to draw lessons for new licensing frameworks.

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    Fintech / Regtech

    SFC Extends Parallel Run Period for New e-IP Platform

    By Manesh Samtani | 25/10/2024

    The SFC said the extension is to facilitate user experience enhancements on the new application and submission system for investment products.

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    Fintech / Regtech

    SFC to Consider Recommendations on Streamlining Workflows

    By Manesh Samtani | 24/10/2024

    In response to the latest report from the Process Review Panel, the SFC said it would explore expanding WINGS to the Corporate Finance Division.

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    Fintech / Regtech

    SFC Clarifies Information Filing Requirements for New Funds Platform

    By Manesh Samtani | 23/10/2024

    Fund managers will not be required to file information separately to the IFP’s information portal if they have already filed such information with the SFC.

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    Securities / Derivatives

    SFC Announces Fast Track Process for Simple Fund Authorisations

    By Manesh Samtani | 22/10/2024

    Under FASTrack, the SFC will take up applications within five business days of receipt, and grant authorisation within 10 business days from the take-up date.

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    Enforcement

    SFC Suspends Former Private Banker for Regulatory Breaches

    By Editors | 22/10/2024

    The former Julius Baer private banker lied about meeting a client face-to-face for account opening and about 14 transactions being unsolicited.

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