Hong Kong

HKMA, SFC Finalise Latest Changes to FSP List

By Editors | 25/06/2021

A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

Enforcement

SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements

By Editors | 25/06/2021

A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.

Market Infrastructure

HKMA Notifies Banks of Enhanced Competency Framework

By Editors | 22/06/2021

Banks are asked to review and assess the impact of the SFC’s revised framework and take action to ensure compliance.

Crypto / Digital Assets

InvestHK Launches 2021 Fintech Fast Track Programme

By Sanday Chongo Kabange | 21/06/2021

Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.

Fintech / Regtech

HKMA to Conduct Industry Stock-take on Fintech Adoption

By Editors | 21/06/2021

All licensed banks with significant operations in Hong Kong must prepare and submit a questionnaire on fintech adoption by 31 December.

ESG / Sustainability

New Competency Framework to Take Effect from January: SFC

By Editors | 21/06/2021

Raising professional standards is crucial to maintain quality markets, particularly in view of the rapidly evolving financial landscape, says SFC chief Ashley Alder.

Fintech / Regtech

HKMA Issues Practice Guide on Cloud-based Regtech Solutions

By Manesh Samtani | 20/06/2021

Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.

Fintech / Regtech

HKMA Outlines Three Year Roadmap for Suptech Adoption

By Manesh Samtani | 20/06/2021

The HKMA will explore the potential conversion of regulations into machine-executable codes and the introduction of a system that automatically creates regulatory reports.

Securities / Derivatives

Hong Kong-Thailand Mutual Recognition of Funds Takes Effect

By Manesh Samtani | 17/06/2021

Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.