Hong Kong

Market Infrastructure

HKEX Launches Commodity Exchange in Shenzhen

By Editors | 22/10/2018

The Qianhai Mercantile Exchange, controlled by HKEX, unexpectedly began spot trading in alumina on Friday, according to a Reuters report.

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.