All posts tagged "Licensed Corporations"
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207FeatureSFC, 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 -
67Hong 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 -
695FeatureSFC 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 -
441Hong 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 -
898Feature
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 -
970Hong 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 -
1.0KHong Kong
Hong Kong SFC Launches New Online Submission Portal
All functions and submission services available on the existing SFC Online Portal will be migrated to the new platform in phases.
January 7, 2019 -
583Hong KongSFC Warns Against Disguised Margin Financing
Suspected margin financing arrangements involve unlicensed affiliates of licensed corporations or third parties who appear to be engaging in securities margin financing without an SFC licence in order to circumvent regulatory requirements.
August 6, 2018 -
526EnforcementHong Kong SFC Releases Further Details on Licensing Regime
SFC bulletin highlights areas of concern the regulator considers in granting and rejecting licenses as well as updates to MIC regime; SFC also announced a forthcoming thematic review of MIC regime compliance.
May 17, 2018 -
692FeatureHong Kong Issues LEI, Platform Trading Consultation for OTC Derivatives
Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.
March 29, 2018
