All posts tagged "Licensed Corporations"
-
518AML / KYCSFC Sets Out Expectations on Managing BEC Risk
Most successful business email compromise frauds occurred because LCs did not check or verify the identities of email senders or they ignored red flags.
March 25, 2022 -
598FeatureSFC Directs Licensed Corporations to Plan for Contingencies
The SFC expresses concern that some licensed firms may not have plans in place to deal with financial distress or the sudden unavailability of key staff.
March 7, 2022 -
413Feature
SFC Sets Out Rules for Quarantine-free Travel to Mainland
Staff or directors of licensed corporations whose main purpose of travel is for the management of the firm's Mainland business are eligible.
December 14, 2021 -
327Hong Kong
SFC, HKMA Release Findings on Investment Product Sales
Firms sold investment products with an aggregate transaction amount of HKD 5.7 trillion during 2020, with the participation of over 700,000 investors.
October 8, 2021 -
837AML / KYC
SFC Finalises AML Guidelines for Securities Sector
The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.
September 16, 2021 -
438AML / KYC
SFC 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 -
1.0KAML / KYCSFC Calls on Industry to Report Suspected Ramp-and-dump Activity
Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.
July 27, 2021 -
601FeatureSFC, HKMA Instruct Regulated Firms to Promote Vaccinations
The SFC says vaccinations are a critical part of operational risk management. The HKMA is requiring banks to submit a list of unvaccinated staff.
June 3, 2021 -
213Hong KongHK to Exempt Top Execs of Financial Firms from Quarantine
Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.
May 31, 2021 -
832Feature
SFC Defers IM Rules, Maintains 1 September for VM Requirements
While variation margin requirements will still take effect from 1 September 2020 as planned, initial margin requirements for non-centrally cleared OTC derivatives will be deferred by one year.
May 8, 2020
