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AML / KYC
Hong Kong Banks Asked to File STRs for Suspected NSL Breaches
By Manesh Samtani | 20/10/2020
According to updated HKMA guidance, suspected breaches of the national security law should be treated the same as AML/CFT violations and be reported to the JFIU as STRs.
Enforcement
SFC Imposes 24-month Market Ban for Takeovers Code Breach
By Sanday Chongo Kabange | 20/10/2020
The mandatory general offer obligation under the Takeovers Code was triggered 20 times by AV Concept Holdings chairman and his concert parties.
Securities / Derivatives
CSRC Green-lights Ant Group Hong Kong Stock Listing
By Editors | 19/10/2020
The approval follows reports that a probe into a potential conflict of interest in the planned $35bn stock listing threatened to delay the IPO.
Enforcement
Hong Kong: CMBC Capital, Directors Penalised for Late Disclosure
By Editors | 18/10/2020
CMBC Capital did not make information about significant improvement in the company’s financial performance public in a timely manner.
Market Infrastructure
HKMA Expects Adherence to ISDA IBOR Fallbacks Protocol
By Editors | 18/10/2020
The HKMA expects authorised institutions to adhere to the Protocol before it takes effect and to encourage counterparties to do the same.
AML / KYC
HKAA Sanctions Mark Formal Warning to Global Banks
By Manesh Samtani | 15/10/2020
International financial institutions conducting ‘significant transactions’ with the ten sanctioned individuals could face secondary sanctions.
Securities / Derivatives
HKFE Obtains CFTC Certification for Non-USD MSCI Contracts
By Editors | 15/10/2020
The Hong Kong Futures Exchange has received CFTC certification for its SGD Singapore futures contract and two JPY Japan contracts.
Securities / Derivatives
HKIFA Warns Against Changing UCITS Delegation Model – Report
By Editors | 15/10/2020
HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.
Enforcement
RegTech Asia 2020: Sanctions & PEPs Screening
By Editors | 13/10/2020
What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?
Securities / Derivatives
CSRC Probe Forces Ant Group to Delay IPO – Report
By Editors | 13/10/2020
The CSRC is said to be looking into the role of Alipay as the only third-party channel through which retail investors could buy into five mutual funds investing in the IPO.
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