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Securities / Derivatives
HKEX Sets 12 April Launch for Derivatives VCM, POS Enhancements
By Editors | 14/03/2021
From 12 April, the VCM will allow multiple triggers per session, and a random cutoff mechanism will be introduced in the pre-opening and pre-open allocation sessions.
Securities / Derivatives
HKEX Launches New China, Taiwan Index Options Contracts
By Editors | 14/03/2021
The new options contracts aim to meet the trading and hedging needs of investors with exposures to large and mid-cap companies in China and Taiwan.
AML / KYC
HK Court Sentences Two for Mortgage Fraud, Money Laundering
By Ranamita Chakraborty | 13/03/2021
A ICAC investigation found that two former employees of a law firm defrauded licensed money lenders of mortgage loans totalling HK$20mn.
Enforcement
ICAC Charges Former AIA Employees for Fraud
By Editors | 11/03/2021
A former district manager and former insurance agent jointly face three counts of fraud for allegedly deceiving AIA into paying them commissions for three insurance policies.
AML / KYC
HK: BNO Passports May Not be Used for Early MPF Withdrawal
By Editors | 11/03/2021
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.
AML / KYC
Travel Restrictions Holding Up Wealth Management Connect
By Manesh Samtani | 10/03/2021
PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.
Market Infrastructure
HKMA Issues Guidance for Bond Connect FX Settlement Banks
By Editors | 09/03/2021
Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.
AML / KYC
HK Bourse Offers Guidance on Compliance with BCAN Requirements
By Editors | 08/03/2021
Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.
Enforcement
HK Police Arrest 12 Members of Ramp-And-Dump Syndicate
By Editors | 08/03/2021
The SFC has frozen securities accounts holding an estimated HK$860mn in ramp-and-dump proceeds, while the Police have seized an additional HK$89mn.
Market Infrastructure
HKEX Sets Launch Date for Phase Two VCM Enhancements
By Editors | 08/03/2021
The second phase enhancement will allow multiple triggers of the Volatility Control Mechanism per applicable security in the same trading session.
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