SECURITIES AND FUTURES COMMISSION

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    Fintech / Regtech

    SFC Consults on New Regulatory Requirements for Securities Registrars

    By Manesh Samtani | 31/10/2023

    General principles on outsourcing, systems integrity and security, and disclosure obligations are being added to the code of conduct.

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    Market Infrastructure

    Hong Kong Gazettes IBOR-related Amendments to Clearing Rules

    By Editors | 31/10/2023

    Subject to negative vetting by LegCo, the rule changes will commence on 1 July 2024.

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    Crypto / Digital Assets

    Hong Kong Sets Template for Rules on Ring-fencing Crypto Risks

    By Georgina Lee | 26/10/2023

    Panellists at the Ripple x Metaco Hong Kong Policy Summit discussed the evolution of Hong Kong’s regulatory framework for crypto assets.

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    ESG / Sustainability

    Hong Kong’s Chief Unveils Series of Measures to Boost City

    By Manesh Samtani | 26/10/2023

    Stamp duties on property purchases and securities transactions were reduced. A new fund distribution platform will be developed.

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    Securities / Derivatives

    SFC Issues Circular on Use of Annualised Returns for MMFs

    By Editors | 26/10/2023

    The SFC has decided to allow fund managers and intermediaries to present annualised returns for MMFs for periods of less than one year.

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    Securities / Derivatives

    SFC Takes Issue With Practices of Fund Distributors

    By Manesh Samtani | 24/10/2023

    The SFC calls out distributor practices such as offering guaranteed returns, imposing lock-up periods, and lowering dealing frequency.

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    Crypto / Digital Assets

    Cash-for-crypto Shops Need Regulation, Says HK Customs Official

    By Editors | 23/10/2023

    A regulatory regime for OTC crypto exchange shops is currently being considered by authorities, according to Commissioner Louise Ho.

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    Crypto / Digital Assets

    SFC, HKMA Issue New Joint Circular on Virtual Assets

    By Manesh Samtani | 22/10/2023

    The circular supersedes a similar circular from January 2022, setting out additional requirements for intermediaries providing virtual asset services to retail investors.

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    Enforcement

    ICAC Arrests Three in Joint Operation with SFC, AFRC

    By Manesh Samtani | 20/10/2023

    The case involves suspicions of corporate fraud, corruption, and a conspiracy between a ramp-and-dump syndicate and two listed companies.

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    Enforcement

    HK Investment Banks Face Naked Short Selling Fines in Korea

    By Manesh Samtani | 16/10/2023

    The FSS said it uncovered illegal short selling by two global investment banks. The banks were identified by local media as BNP Paribas and HSBC.

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