Hong Kong

    AML / KYC

    Revised HKMA Guidelines on AML/CFT to Take Effect from November

    By Editors | 22/10/2018

    The Guidelines are set to take effect from 1 November for authorised institutions and stored value facilities. The HKMA has also published its policy and supervisory approach.

    Crypto / Digital Assets

    Hong Kong Seeks Formal Rules for Cryptocurrency: Outgoing SFC Chief

    By Garima Chitkara | 16/10/2018

    The SFC does not think a total ban on crypto platforms is the right approach and is exploring formal rules for existing operators, outgoing chairman Carlson Tong told SCMP.

    AML / KYC

    SFC AML/CFT Guideline Revisions to Take Effect in November

    By Editors | 15/10/2018

    A July consultation proposed amendments to improve the Guideline’s usefulness and relevance and ensure its alignment with international AML/CFT standards.

    Enforcement

    SFC Ramps Up Enforcement Against Capital Market Abuse

    By Manesh Samtani | 12/10/2018

    Life is about to get very uncomfortable for those who abuse Hong Kong’s capital markets, said the SFC’s Thomas Atkinson at the 2018 Refinitiv Pan Asian Regulatory Summit.

    Market Infrastructure

    SFC Fund Manager Code of Conduct Compliance Checklist

    By Derek McGibney | 11/10/2018

    With the SFC’s FMCC compliance deadline about one month away, fund managers need to have key components in place, says Cordium’s Derek McGibney.

    AML / KYC

    Technology, Multi-Agency Cooperation in Focus at HKMA

    By Manesh Samtani | 11/10/2018

    At the Refinitiv Pan Asian Regulatory Summit, HKMA’s Carmen Chu discussed how technology and cooperation with authorities contributes to a safe and clean financial centre.

    Market Infrastructure

    HKEX to Roll Out Nasdaq Real-Time Risk Technology

    By Manesh Samtani | 10/10/2018

    The technology provides HKEX with a single point-of-entry for risk management across its markets and enables CCPs more efficient operations and regulatory compliance.

    Enforcement

    SFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct

    By Manesh Samtani | 10/10/2018

    The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.

    Securities / Derivatives

    Hong Kong, UK Sign Mutual Recognition of Funds Agreement

    By Manesh Samtani | 09/10/2018

    The agreement allows eligible funds in Hong Kong and the UK to be distributed in each other’s market through a streamlined process.

    Market Infrastructure

    New Platform for Northbound Trading Set for Mid-2019 – HKEX

    By Editors | 08/10/2018

    New information paper presents an overview of the migration of HKEX technology infrastructure for northbound trading under Stock Connect.

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