ADVERTISEMENT
AML / KYC
Hong Kong AML/CFT Regime Under FATF Spotlight
By Ralph Cunningham | 24/06/2019
The report on the APG-FATF joint assessment is expected to be published in September, and show that Hong Kong still has some work to do.
Market Infrastructure
ASIFMA Standardises Underwriter Documentation for Hong Kong IPOs
By Manesh Samtani | 24/06/2019
The initiative will promote efficiency and reduce costs and legal risks by offering standardised forms for agreements among underwriters and between underwriting syndicates.
Enforcement
Hong Kong SFC Releases 2018-19 Annual Report
By Editors | 24/06/2019
The SFC is working to introduce an investor identification regime for southbound Stock Connect trading in mid-2019, and considering adopting a market-wide circuit breaker mechanism.
Enforcement
Shanghai Court Jails Former UBS Banker for Insider Trading
By Editors | 24/06/2019
The banker disclosed deal information to two associates in 2017, allowing them to profit from inside information related to Cosco Shipping’s acquisition of Orient Overseas.
Enforcement
SFC Fines Credit Suisse $2.8m over Research Reports
By Editors | 20/06/2019
Credit Suisse has been fined $2.8m for failing to disclose investment banking relationships and market making activities in research reports on Hong Kong-listed securities.
Fintech / Regtech
HSBC Scraps Fees Ahead of Virtual Bank Launches
By Manesh Samtani | 20/06/2019
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
Securities / Derivatives
Complex Group Arrangements Compound Margin Financing Risks: SFC
By Manesh Samtani | 19/06/2019
Deputy chief Julia Leung says the SFC is concerned that brokers are using complex trading arrangements to circumvent regulatory oversight, among other supervisory priorities.
Securities / Derivatives
HKEX Announces Launch of First Active ETF
By Editors | 19/06/2019
The introduction of active ETFs in Hong Kong is another step towards HKEX’s goal of becoming a hub for the issuance and trading of ETFs.
Securities / Derivatives
SFC Warns FX Brokers Against Servicing Mainland Clients
By Editors | 18/06/2019
Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.
AML / KYC
HK Banks Asked to Enhance Customer Interface of Account Opening
By Manesh Samtani | 18/06/2019
The HKMA has published the findings of its mystery shopper programme, which set out to assess customer interface aspects of bank account opening for SMEs and ethnic minorities.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team