Hong Kong

Fintech / Regtech

HKMA Launches New Round of Trade Repository Testing

By Editors | 28/08/2017

Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.

HKEX Risks Tech Firms’ Disfavour

By Peter Guy | 28/08/2017

HKEX needs to develop regulations and boards to accommodate the entire chain of technology from start-ups to unicorns.

AML / KYC

HKMA Collecting UnionPay ATM Withdrawal Data

By Garima Chitkara | 10/08/2017

Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.

AML / KYC

A Front Line Out of Control

By Peter Guy | 07/08/2017

Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.

Capital / Liquidity

BIS Releases Policy Papers on Regulatory Proportionality and Cyber-risk

By Garima Chitkara | 03/08/2017

Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.

Securities / Derivatives

SFC Flags Irregularities in Private Funds and Discretionary Accounts

By Garima Chitkara | 03/08/2017

Hong Kong securities regulator expresses concerns on the management of private funds and discretionary accounts.

Securities / Derivatives

Rolling in the Regulations for Robo-Advisers

By Kristi Swartz | 01/08/2017

A SFC consultation paper proposes guidelines for robo-advisers to provide accurate, easily comprehensible information to investors.

Enforcement

Hong Kong Regulator ups Penalties Against Individuals

By Garima Chitkara | 01/08/2017

Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.

Securities / Derivatives

HK Auditing Brokers’ Protection of Client Assets

By Editors | 31/07/2017

Regulator cites weaknesses in internal account protection controls despite warnings; IOSCO report says HK due diligence to safeguard client rights […]