Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.
March 13, 2023About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.
February 6, 2023A consultation on retail trading will begin sometime in Q1. The SFC plans to start accepting applications for VASP licences in mid 2024.
January 12, 2023LegCo member Wu Jiezhuang says using the CBDC as a government-backed stablecoin will help address virtual asset risks and enhance trust in Web3.
January 12, 2023New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022The bill, to be introduced for LegCo's first reading on 30 November, will exempt market makers in dual-counter stocks from stamp duty.
November 21, 2022A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.
November 2, 2022Banks should start notifying customers of the new interest rate limits as soon as practicable and not later than 14 November.
October 29, 2022Lee's administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.
October 20, 2022The AFRC can subject auditors who commit misconduct to penalties up to HKD 10 million, or three times profit gained, whichever is higher.
October 5, 2022