Securities and Futures Commission

Crypto / Digital Assets

SFC Grants Victory Securities Approval to Expand Crypto Services

By Sanday Chongo Kabange | 30/04/2025

Victory Securities is allowed to offer discretionary account management services and to distribute physically-settled crypto-referenced structured products.

Fintech / Regtech

HKMA Outlines Plans for Payments Infrastructure Connectivity

By Sanday Chongo Kabange | 30/04/2025

HKMA Deputy CEO Darryl Chan said Hong Kong’s instant payments link with Mainland China is on track for launch in the middle of this year.

Securities / Derivatives

SFC Set to Formally Adopt Fast Track Authorisation Process for Funds

By Sanday Chongo Kabange | 29/04/2025

The SFC will formally adopt FASTrack from 5 May following “smooth” implementation and “positive feedback” from applicants during the 6-month pilot.

Enforcement

SFC Fines Interactive Brokers Over Expired Standing Authority

By Sanday Chongo Kabange | 29/04/2025

Interactive Brokers loaned out client securities without first renewing the standing authority in place for securities borrowing and lending.

Market Infrastructure

SFC, HKMA Issue Guidance for New Derivatives Reporting Regime

By Sanday Chongo Kabange | 28/04/2025

The documents provide clarifications and address concerns on the implementation of the updated OTC derivatives reporting requirements commencing in September.

AML / KYC

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

Securities / Derivatives

Hong Kong to Start Implementing Paperless Securities Market in 2026

By Editors | 21/04/2025

Legislative processes for the implementation of the USM initiative have been completed. All issuers will transition to paperless securities by 2031.

Securities / Derivatives

HK Prepares for Homecoming of US-Listed Chinese Firms

By Manesh Samtani | 17/04/2025

Hong Kong official Paul Chan has asked the SFC and HKEX to prepare for Chinese companies in the US that may wish to return.

Korea FSC to Ease Burden of Auditor Designation Rule

By Thisanka Siripala | 16/04/2025

The draft amendments will allow companies with strong governance to postpone regulatory-mandated auditor designations.