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Enforcement
HK Court Orders Founder to Buy Shares from Wronged Investors
By Editors | 07/10/2022
The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.
AML / KYC
Hong Kong Police Launch New Anti-Fraud Search Engine
By Editors | 06/10/2022
Dubbed ‘Scameter’, the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.
ESG / Sustainability
ISSB Adoption in Hong Kong Will Have Global Significance: SFC
By Manesh Samtani | 06/10/2022
The SFC is working with HKEX to develop a regulatory framework for listed company climate-related disclosures “based on the ISSB standards”.
Capital / Liquidity
HKMA to Defer Implementation of Basel III Reforms
By Editors | 06/10/2022
Standards associated with credit risk, operational risk, the output floor, and the leverage ratio will implemented no earlier than 1 January 2024.
Market Infrastructure
New Regulatory Regime for Hong Kong Auditors Takes Effect
By Manesh Samtani | 04/10/2022
The AFRC can subject auditors who commit misconduct to penalties up to HKD 10 million, or three times profit gained, whichever is higher.
Securities / Derivatives
HKSCC Calls for Applicants to Become Authorised Brokers
By Editors | 04/10/2022
Authorised brokers will deal in securities on HKSCC’s behalf. Up to 10 participants will be appointed and expected to start providing services tentatively in Q3 2023.
Enforcement
Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme
By Editors | 03/10/2022
The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.
Market Infrastructure
Hong Kong to Launch Dual Counter Trading in H1 2023
By Editors | 03/10/2022
A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.
AML / KYC
HKMA Publishes Initial Observations from AMLab Series
By Manesh Samtani | 02/10/2022
The HKMA plans to run a network analytics-themed AMLab again later this year to give more banks an opportunity to take part.
ESG / Sustainability
ISDA Analyses Regulatory Treatment of SLDs in Hong Kong
By Editors | 02/10/2022
The paper considers how SLDs would be classified and regulated, and the compliance issues for market participants to consider when executing SLDs.
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