All posts tagged "BCAN"
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250Hong KongHKEX, SFC Extend HKIDR Testing Period Until 5 August
Firms that have not completed the mandatory E2E Test yet are reminded to complete the test "as soon as possible".
July 19, 2022 -
838Hong Kong
HKEX, SFC to Open HKIDR Testing to Market on 16 May
Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.
April 27, 2022 -
331Hong KongHKEX Publishes Testing Guidelines for HKIDR Implementation
HKEX has published testing guidelines for market participants and intermediaries ahead of the implementation of the new investor identification regime.
April 5, 2022 -
370Feature
HKEX to Introduce New Features to Market Access Platform
HKEX will increase the precision of time-stamping and introduce an indicator identifying aggressive vs passive orders.
March 23, 2022 -
796EnforcementSFC, HKEX Fine HSBC Securities for Regulatory Breaches
The firm made errors when assigning BCANs to clients. It also oversold China securities due to deficiencies in its order management and algorithmic trading systems.
March 4, 2022 -
572AML / KYC
SFC Issues Technical Guidance for New Reporting Regime
A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.
November 29, 2021 -
630AML / KYC
HKEX Publishes Operational Details for New Investor ID Regime
Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.
August 16, 2021 -
451AML / KYCSFC Finalises Investor ID, OTC Securities Reporting Regimes
The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.
August 11, 2021 -
436AML / KYC
HK Bourse Offers Guidance on Compliance with BCAN Requirements
Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.
March 9, 2021 -
874AML / KYCSFC Proposes to Introduce HK Investor ID Regime in 2022
The proposed investor ID regime is expected to be implemented in Q1 of 2022 at the earliest. A separate reporting regime is proposed for OTC securities transactions.
December 7, 2020
