All posts tagged "Licensed Corporations"
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164Hong KongSFC, 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 -
435AML / 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 -
282AML / 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 -
366AML / 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 -
417FeatureSFC, 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 -
131Hong 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 -
751Feature
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 -
468Hong Kong
SFC Offers Guidance on Cyber Risk of Remote Office Arrangements
In a circular, the SFC sets out examples of controls and procedures to help licensed corporations protect their internal networks and data.
April 30, 2020 -
932Feature
SFC Extends Deadlines on Three Regulatory Initiatives
The deferred initiatives relate to new requirements on external data storage, client asset protection, and brokers' systems for maintaining order life cycle data.
April 1, 2020 -
1.0KHong KongSFC Asks Licensed Firms to Review Controls on Third-Party Deposits
Senior management will be held accountable for failures to put in place effective policies, procedures and controls for handling third-party deposits and payments.
June 4, 2019
