The Hong Kong government has issued its widely anticipated consultation conclusions on a new framework to regulate virtual asset exchanges. On 21 May 2021, the Hong Kong Financial Services and the Treasury Bureau (FSTB)...more
5/26/2021
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Consultation ,
Crypto Exchanges ,
Cryptoassets ,
FinTech ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Licenses ,
Market Participants ,
Peer-to-Peer ,
Regulatory Requirements
The paper proposes standards of conduct for intermediaries involved in bookbuilding and placing activities in ECM and DCM transactions.
On 8 February 2021, the Securities and Futures Commission of Hong Kong (SFC)...more
Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange.
This blog post summarises key regulatory...more
12/9/2020
/ Anti-Money Laundering ,
Consultation ,
Data-Sharing ,
Financial Institutions ,
FinTech ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Regulatory Standards ,
Singapore ,
Trading Platforms ,
Verification Requirements ,
Virtual Currency
Hong Kong government issued a consultation to implement a new regulatory framework requiring virtual asset exchanges to be regulated by the SFC -
Key Points:
..The Hong Kong Financial Services and the Treasury Bureau...more
Amidst its continued regulatory focus on money laundering and terrorist financing risks, the SFC seeks to clarify and consolidate guidance for licensed firms.
On 18 September 2020, the Hong Kong Securities and Futures...more
10/2/2020
/ AML/CFT ,
Anti-Money Laundering ,
Consultation ,
Corporate Governance ,
Cross-Border Transactions ,
Enforcement Actions ,
FATF ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Proposed Amendments ,
Risk Assessment
Regulators are consulting on how to enhance trust business regulation, introduce new omnibus legislation, and encourage best practices in sustainable banking.
This blog post summarises key regulatory developments in Hong...more
The HKMA and SFC are jointly consulting on further enhancements to OTC derivatives reporting and clearing obligations.
Key Points:
..The HKMA and the SFC have proposed mandating the use of UTIs for the reporting...more
The TMA is now consulting on technical refinements to the HONIA, the proposed alternative reference rate to the HIBOR.
Key Points:
..In July 2014, the FSB issued recommendations on reforming interest rate benchmarks,...more