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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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