All posts tagged "MPF"
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642FeatureHKMA Sets Timeline for Mandatory Reference Checking Regime
Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.
May 9, 2022 -
550Hong KongHK Regulators to Assess Sales Practices of Tax-deductible Products
A mystery shopping programme is being launched by the HKMA, MPFA and IA to assess the extent to which statutory and regulatory objectives are being met by intermediaries.
January 3, 2022 -
378Hong KongHKEX Plans to Open New York Office in Early 2022 – Report
The planned New York office will reportedly comprise only about five staff, subject to HKEX obtaining the necessary regulatory licences.
December 8, 2021 -
310Hong KongHKMA Finds Gaps in How Banks Sell Tax Deductible Products
Some banks did not ensure the products were suitable, or did not explain product features and risks to customers.
September 16, 2021 -
666EnforcementHKEX Proceeds to Delist Shares of Convoy Global Holdings
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
May 7, 2021 -
955Enforcement
HKMA Adjusts Scope of Mandatory Reference Checking Regime
The HKMA has adjusted the scope of the regime, shortened the record retention requirement, and lengthened the time allowed to respond to an MRC request.
May 5, 2021 -
715AML / KYCHK: BNO Passports May Not be Used for Early MPF Withdrawal
MPF scheme members cannot rely on a BN(O) passport or its associated visa as evidence in support of an application for early withdrawal of MPF.
March 11, 2021 -
763Hong Kong
Hong Kong MPFA Awards eMPF Contract to PCCW Solutions
PCCW Solutions will build, implement, operate and maintain Hong Kong’s new eMPF Platform, with Singapore’s iFAST as its prime subcontractor.
February 3, 2021 -
2.6KAML / KYCSFC, HKMA Offer Clarity on Product Disclosure, Suitability Obligations
The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.
December 30, 2020 -
822China
Hong Kong MPFA Adds SSE, SZSE, IDX to Approved List
The move provides MPF fund managers greater flexibility, allowing them to diversify investment risks and channel more assets into A shares.
November 17, 2020
