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AML / KYC
Hong Kong to Align Crypto Regulatory Framework with FATF Standards
By Manesh Samtani | 03/11/2020
The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.
Enforcement
SFC Suspends Licence of Mason Securities Representative
By Editors | 30/10/2020
The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.
ESG / Sustainability
SFC Proposes New Requirements for Fund Managers on Climate Risk
By Manesh Samtani | 29/10/2020
The proposed requirements for fund managers cover four key elements: governance, investment management, risk management and disclosure.
Market Infrastructure
Bovill Research Calls into Question Efficacy of FCA’s SMCR
By Shruti Khairnar | 28/10/2020
The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.
Securities / Derivatives
HKEX Proposes to Allow Holiday Trading of MSCI Derivatives
By Editors | 25/10/2020
Exchange participants are asked to indicate their expectations for operational readiness by completing an online form by 6 November.
Market Infrastructure
FSTB to Introduce ‘Corporate Rescue’ Bill for LegCo Deliberation
By Sanday Chongo Kabange | 21/10/2020
The FSTB also plans to introduce bills to provide targeted tax relief for private equity funds, enable a paperless securities market in Hong Kong, and progress work on the new eMPF platform.
Enforcement
SFC Imposes 24-month Market Ban for Takeovers Code Breach
By Sanday Chongo Kabange | 20/10/2020
The mandatory general offer obligation under the Takeovers Code was triggered 20 times by AV Concept Holdings chairman and his concert parties.
Enforcement
Hong Kong: CMBC Capital, Directors Penalised for Late Disclosure
By Editors | 18/10/2020
CMBC Capital did not make information about significant improvement in the company’s financial performance public in a timely manner.
Securities / Derivatives
SFC Issues Guidance on E-dissemination of Product Documents
By Editors | 03/10/2020
Investors currently receiving paper investment product documents need to be notified at least one month before e-dissemination arrangements take effect.
Securities / Derivatives
SFC Sets Minimum Period for Client Access to Trade Documents
By Editors | 01/10/2020
Intermediaries have one year to align the minimum online retrieval period of their posted trade documents with the new requirements.
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